The investment landscape for transportation infrastructure in Thailand is becoming clearer once again, following the government's approval of the high-speed rail project connecting three airports. This has led to a particularly vibrant real estate market around the construction areas, especially for high-end property projects. After facing several vulnerabilities earlier this year, this moment is seen as a golden opportunity to stimulate consumer purchasing power through a 2 million baht discount campaign.

Mr. Sutthum Suwannaphasri, Managing Director of Number One Housing Development Co., Ltd., revealed that the overall investment in large-scale infrastructure projects across the country is estimated to exceed 760 billion baht. Specifically, the high-speed rail project connecting the three airports—Don Mueang, Suvarnabhumi, and U-Tapao—spanning 220 kilometers, has an investment value of 224.5 billion baht. This project is expected to positively impact surrounding businesses along the construction route, which passes through five provinces: Bangkok, Samut Prakan, Chachoengsao, Chonburi, and Rayong, leading to continuous growth opportunities and rising land prices. For instance, land in Bangna and Prawet, which previously saw average increases of 7-8% annually, is projected to rise by 30-50% by the time the construction is completed in 2024, with areas further out, especially near U-Tapao Airport, potentially seeing increases of over 100%. Many scholars believe that this construction project will bring immense benefits to both the economy and finance, creating over 100,000 jobs in related industries, utilizing domestic construction materials, and facilitating the transfer of modern technology.

The clarity of this investment project emerged on May 28, 2019, when the Cabinet approved the high-speed rail project connecting the three airports, following the meeting of the Eastern Economic Corridor (EEC) policy development committee. The State Railway of Thailand (SRT) will collaborate with the selected private company, Charoen Pokphand Group (CP Group), as they passed the general qualification and special technical proposal assessments. The proposed state investment value stands at 149.65 billion baht, which is 2.198 billion baht lower than what the Cabinet previously approved for SRT to contract with the private sector. The signing of this contract is expected to take place by June 15, 2019.

This project has also positively impacted the Blue Lagoon 2 Bangna – Ring Road project, a luxury single-family home development priced between 7 and 30 million baht, developed by Number One Housing Development, due to its proximity to Suvarnabhumi Airport, just 11 kilometers from the main construction route. Previously, the project faced several challenges, including the Bank of Thailand's Loan to Value (LTV) regulations for housing loans.

“I see the clarity of the high-speed rail project connecting the three airports as a great opportunity for the Blue Lagoon 2 Bangna – Ring Road project to increase its booking numbers. In the future, this location is likely to be in high demand due to the continuous growth potential of Bangna, driven by government infrastructure projects, Mega Bangna shopping center, and large mixed-use projects like The Forestier and Bangkok Mall. We anticipate increased price competition, which is why we are launching a 2 million baht discount campaign to challenge competitors in the area, offering discounts for luxury mansions with private pools in a Private Zone surrounded by a 7-rai Infinity Park garden, starting at 28 million baht, targeting consumers looking for luxurious homes equipped with complete conveniences, including Home Automation systems that allow control of gates, lighting, and air conditioning via mobile devices, along with advanced security systems featuring Magnetic and Motion Sensors, exclusive to only 8 families,” Mr. Sutthum stated.

The Blue Lagoon 2 Bangna – Ring Road project is a luxury single-family home project in an upscale community, covering an area of 47 rai 1 ngan 89.9 square wah, offering various house designs such as GRAND BLUE DIAMOND, a house with a pool featuring a usable area of 560 square meters on land sizes of 140 to 224 square wah, with 4 bedrooms, 5 bathrooms, and parking for 3 to 6 cars, suitable for large families of all ages. The downstairs bedroom is designed to accommodate the elderly with Shock Absorption Flooring to reduce injury from accidents. Next is BLUE DIAMOND, with a usable area of 368 square meters on land sizes of 142 to 164.2 square wah, featuring 4 bedrooms, 5 bathrooms, and parking for 3 cars. BLUE AMETHYST offers a usable area of 219 square meters on land sizes of 60.4 to 68.5 square wah, with 4 bedrooms, 4 bathrooms, and parking for 2 cars, while BLUE ZIRCON has a usable area of 188 square meters on land sizes of 51.6 to 60.7 square wah, with 4 bedrooms, 3 bathrooms, and parking for 2 cars. This location is a prime area that checks all the boxes for those seeking quality housing in a community that pays attention to every detail and focuses on creating the best quality of life for residents, surrounded by convenience and complete infrastructure, such as Ramkhamhaeng University 2 and Ramkhamhaeng 2 Demonstration School, 4.6 km away, Number One Ram 2 Market, 4.6 km away, Mega Bangna shopping mall, 11 km away, and Suvarnabhumi Airport, 11 km away.

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