Bangkok retail hotspots top land value at 3.75 million baht per sq wah
Bangkok’s prime retail locations, including Siam Square, Chidlom, and Ploenchit, retain their position as the city’s most expensive land areas, with prices reflecting the lucrative nature of the retail business compared to other commercial ventures.
Sopon Pornchokchai, the president of the Agency for Real Estate Affairs (AREA), revealed that a survey of land prices across Bangkok and its vicinity, ongoing since 1994, has shown that these central business areas command the highest prices. This trend is largely driven by the retail sector, which is more profitable than residential, office, or hotel developments, often yielding lower rental incomes, reported KhaoSod.
Top 10 most expensive locations in Bangkok and surrounding areas
- Siam-Chidlom-Ploenchit at 3,750,000 baht (US$103,796) per square wah
- Wireless Road at 3,100,000 baht (US$85,804) per square wah
- Sukhumvit-Times Square at 2,940,000 baht (US$81,376) per square wah
- Sukhumvit 21 Asoke at 2,730,000 baht (US$75,561) per square wah
- Silom at 2,700,000 baht (US$74,715) per square wah
- Sathorn at 2,400,000 baht (US$66,413) per square wah
- Sukhumvit Ekkamai at 1,950,000 baht (US$53,961) per square wah
- Yaowarat at 1,900,000 baht (US$52,577) per square wah
- Phaya Thai at 1,850,000 baht (US$51,194) per square wah
- Early Phaholyothin at 1,800,000 baht (US$49,810) per square wah.
Lowest land prices
- Along Klong 13 km at 4,200 baht (US$116) per square wah
- Opposite Bangsai Arts and Crafts Centre at 8,000 baht (US$221) per square wah
- Kanchanaphisek 34 km at 9,000 baht (US$248) per square wah
- Kanchanaphisek 8 km Bang Pa-In at 9,400 baht (US$260) per square wah
- Along Klong Raphiphat at 9,800 baht (US$271) per square wah
- Sukhumvit 46 km Bang Bo at 9,800 baht per square wah
- Rangsit-Wang Noi at 10,500 baht (US$290) per square wah
- Lam Toi Ting at 11,000 baht (US$304) per square wah
- Prachasamran at 12,000 baht (US$331) per square wah
- Kanchanaphisek 23 km Luang Phaeng at 13,500 baht (US$373) per square wah.
In related news, Phuket’s property market experienced unprecedented growth, with soaring prices and record-breaking sales. Foreign interest, particularly from Russians and Chinese, fueled a buying frenzy, turning the island into an international real estate hotspot. Origin Property and Botanica Luxury Phuket emerged as market leaders.
