Major Development Public Company Limited, a leader in luxury real estate and pet-friendly condominiums, has studied and analyzed high-potential residential areas, revealing 4 strategic points to balance its real estate project portfolio in the "Kanchanaphisek - Phutthamonthon - Pattanakarn - Ramkhamhaeng" areas, along with plans for new projects set to launch in the first half of the year.

Ms. Phetlada Poonworaluk, CEO of Major Development Public Company Limited, stated, "With the Bangkok Metropolitan Administration's policy on the 'Satellite City' concept aimed at creating commercial development areas alongside residential zones to reduce congestion and expand workplaces from the inner and mid-level areas of Bangkok to the suburban outskirts, the expansion of the city's transportation routes, including the light rail lines such as the light red, blue, pink, yellow, green, and purple lines, has led to the growth of nearby areas and improved transportation connectivity. This has resulted in increased horizontal residential development in the suburban areas of Bangkok. Major Development sees the potential for growth in both commercial and residential sectors in key areas such as Kanchanaphisek, Pattanakarn, Phutthamonthon, and Ramkhamhaeng, which has guided our development strategies for future projects in these high-potential areas."

The Kanchanaphisek and Phutthamonthon areas represent an economic gateway to the west. These areas serve as a connection from the outskirts of Bangkok to other provinces in the western and central regions, often referred to as the "economic gateway to the west." This region is surrounded by numerous amenities, including highways connecting to various zones via the Si Rat Expressway, facilitating access to inner Bangkok areas such as Phetchaburi, Ekkamai, Thonglor, and Asoke, as well as routes leading to the eastern region via the Bangkok-Chonburi motorway. Additionally, the area is served by suburban rail networks, including the light red line, purple line, and blue line, along with various amenities such as shopping centers, community malls, hospitals, and international schools to support a lifestyle and residential projects that are continuously expanding. Consequently, most residential developments in this area are single-family homes and luxury houses with land sizes starting from 100 square wah, benefiting from a largely natural environment.

The Pattanakarn area is poised for luxury residential development. The development of Suvarnabhumi Airport has led to the growth of the Pattanakarn area, making it an attractive location for residential living and investment. Factors such as the preservation of large green spaces surrounding the area, including Suan Luang Rama IX Park, which spans over 500 rai, the urban forest project for nature study, and the Nong Bon Water Sports Center, contribute to its appeal. Multiple transportation routes connect to the CBD, including Phetchaburi Road and Sukhumvit Road, with Ekkamai-Thonglor just 10 minutes away. Current public transport options include the yellow line, light red line, and Airport Rail Link. The area also boasts numerous amenities, including shopping centers, community malls, hospitals, and educational institutions. Developers are particularly interested in Pattanakarn due to its large plots of land, natural surroundings, proximity to the inner city, and quality community. Currently, single-family homes in this area start at an average of 35 million baht, with land prices increasing by 7-15% annually. Major Development is developing the Pattanakarn area under a new portfolio called Major’s Subtle Luxury Collection, with plans to launch a new brand, ‘10 & Only’, an ultra-luxury single-family home brand, starting with the 10 & Only Pattanakarn 20 project, valued at 1.1 billion baht on land in Soi Pattanakarn 20.

The Ramkhamhaeng area is emerging as a hub of creativity. This area is becoming a hot spot for new real estate investments, serving as a major hub in eastern Bangkok. It is positioned to accommodate population growth from key economic areas such as Sukhumvit, Asoke, and Rama 9, making it easily accessible from the city center. The character of Ramkhamhaeng, with its dense residential areas and numerous educational institutions, is complemented by a wealth of amenities, including shopping centers, department stores, lifestyle malls, and markets, catering well to the lifestyle needs of students and residents. The area is also well-connected to the public transport system, with the orange line linking east-west Bangkok, the yellow line connecting northern Bangkok to the east and south, and future connections with the brown line, reinforcing the area's potential and facilitating easier travel to other regions. Consequently, land prices in the Ramkhamhaeng area have increased by approximately 6.25% to 40.12%, with estimated land prices ranging from 110,000 to 170,000 baht per square wah over the past decade, according to the Treasury Department. Major Development plans to launch a new brand called Milford Ladprao - Ramkhamhaeng Private Luxury Townhome, one of the key pieces on a 12-0-8.2 rai plot, with homes ranging from 24.5 to 72 square wah, designed under the concept of “English Eclectic Design,” with a project value of 1.6 billion baht.

We believe that "the land areas of suburban Bangkok can create residential spaces surrounded by infrastructure that supports lifestyle living and serve as strategic points for residents to connect both Bangkok and provincial areas for relaxation and lifestyle convenience. Major Development remains committed to creating premium quality residences to fully meet customer demands in the near future," Ms. Phetlada concluded.