Ms. Wipha Tanpaiphoj, Managing Director of T Property Development Co., Ltd., the developer of the premium 5-story home office project ‘T59 WESTGATE’, revealed that the project has garnered significant interest from the target audience. The main factor is its prime location at ‘Bang Yai Intersection’, an area in Nonthaburi that has seen long-term residential growth, surrounded by infrastructure and amenities that cater to lifestyle needs. The development of a comprehensive transportation network, along with competitive pricing compared to other areas in the periphery, has led to remarkable annual growth in real estate in this location. Additionally, the government has prioritized budget allocation for development to support the growth of western Bangkok. Currently, there is the Purple Line, the Western Ring Road connecting the north, east, and south, and the Bang Yai-Kanchanaburi connecting road, making Bang Yai a focal point and transforming it into a new center of prosperity in western Bangkok, known as the West Business District (WBD), which serves as a gateway to the west connecting the city center and all zones of Thailand.

                 “Currently, T59 WESTGATE has achieved over 60% sales in the first phase. Earlier this year, the company developed Phase 2 to offer another option for customers, and the recent pre-sale received excellent feedback with approximately 30% sales. Most of the project’s customers are business owners and investors,” Ms. Wipha Tanpaiphoj added.

                 Regarding the growth outlook for the Bang Yai Intersection area, Ms. Wipha Tanpaiphoj expressed her views, “Data from the Thai Real Estate Research and Valuation Center indicates that currently, real estate prices in western Bangkok along the BTS line range from 85,000 to 250,000 Baht per square wah, with the highest at Tao Pun Station at 250,000 Baht per square wah, reflecting a maximum increase of 25% over the past year, with an average growth rate of 9.6% in the area. In the Bang Yai Intersection area, the average land price is currently between 94,000 and 130,000 Baht per square wah, increasing by approximately 10.6-13.0%, which is a significant rise compared to the same period last year. This is another factor reflecting valuable growth.”

             “The demand for office spaces among customers in western Bangkok is still growing significantly. It can be seen that commercial buildings along Rattanathibet Road account for only 1% of real estate in the area, confirming that there is still a strong purchasing power for commercial projects. Currently, the government has policies to support and promote SMEs, leading to a continuous increase in demand for home offices. Interestingly, every area experiencing growth in home offices or commercial buildings along economic roads with BTS services tends to see a value increase of 200% within three years, as has previously occurred in Sukhumvit, Ratchada, and Wongwian Yai,” Ms. Wipha Tanpaiphoj analyzed. “Transportation is becoming more convenient, allowing for quick access in and out of the city, connecting with several main roads such as Kanchanaphisek Road, Rattanathibet Road, Bang Bua Thong-Suphanburi Road, Bang Bua Thong-Bang Khu Wat Road, Bang Krui-Sai Noi Road, and Chaiyaphruek Road, with the Si Rat Outer Ring Expressway serving as a connection point to major roads and various expressways, as well as the Purple Line (Bang Yai-Tao Pun) near leading shopping centers and community malls such as Central Westgate, Central Rattanathibet, Plus Mall Bang Yai, Big C Rattanathibet, and Makro Sai Noi. Additionally, it is surrounded by numerous hospitals and educational institutions such as Kasemrad Rattanathibet Hospital, Bang Yai Hospital, Denla Kindergarten, and Nonthaburi College.”

             Special! On June 8-9, 2019, at the sales office of T59 WESTGATE, those who book during the event and sign a contract within 7 days will receive a free iPhone Xs Max with 256 GB storage (2 units), along with discounts and generous gifts.

 

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