Bangkok is among the most visited cities in the world and is home to the most significant developments in Thailand including renowned commercial properties, large shopping centers and high-end modern designed condominiums. This is the primary reason why expats and locals have been increasingly moving to the city. Mixed-use developments, blending commercial buildings and offices with residential buildings giving access to restaurants and cafes, are becoming popular. If a property is situated close to shopping malls or mixed-use developments, its value is expected to grow at a quicker rate and be more appealing to property investors.
Another popular spot, Phuket, is an island located in Southern Thailand. It is one of the first places coming to your mind when you think of Thailand. Palm fringed white-sand beaches and crystal clear waters make it heaven on earth and thus one of the main destinations chosen by expats to live in.
Let us take a look at the upcoming top 10 real estate developments in Thailand, all located in prime areas of the kingdom
One 24 is a mixed-use development situated in the Sukhumvit area of Bangkok, which total land size is 5,325 square metres. It is very conveniently located close to all amenities such as the Promphong BTS station, the Emporium and Emquartier malls as well as the Benchasiri Park. Amongst other venues, One 24 is the home of the Staybridge Suites Sukhumvit Bangkok hotel.
Block 33 comprises of commercial and residential premises. The community is located close to the Chulalongkorn Centenary Park. All the amenities modern homes can provide are available such as security, fitness, swimming pool, co-working spaces and much more. One of its major assets is its proximity not only to Chulalongkorn University but also to a large park. It is anticipated that the total size will exceed 150,000 square metres. Block 33 is an innovative concept that aims to create a peaceful space that allows for a comfortable and relaxing lifestyle.
One Bangkok is located in a prime area near Lumpini Park, sought-after by both expats and residents, right in Bangkok's Central Business District. Alongside residential buildings, it will consist of a wide range of amenities and facilities such as a medical center, a contemporary art gallery, restaurants, shopping centers, cafés as well as embassies. One Bangkok offers a modern, well-thought-out design with practicality and environmental sustainability.
Dusit Thani is one of the most intriguing mixed-use projects in Thailand. Its completion is planned for 2024. The total cost is THB 36,700,000,000. The complex will be home to a brand new hotel, residential properties and offices of the highest quality. This community is situated in the direct vicinity of Lumpini Park.
Due to zoning laws restricting high rise buildings in most areas of the island, Phuket mostly features low-rise buildings. The Exclusive Sky residential community is situated in the Kamala area, a mere 900 meters from the ocean. The development consists of two and three-story homes and high-end condos featuring a 300 m2 living space.
Angsana Residences, Phuket, is a community providing luxury apartments within an area covering around 300 m2. The development is situated 150 meters from the ocean and has direct access to the beach! Lush tropical foliage throughout the development allows you to experience peace and harmony with nature, while enjoying modern infrastructure and top of the art facilities. The complex is situated near shopping centers and most amenities the island has to offer.
ARNA Rama 9 is a project of D'Well Grand Asset and the Sethiwan Group. The total cost of this high-end housing project is BHT 380,000,000.
The development consists of three-story houses which come in various designs. Prices vary from BHT 39,900,000 up to BHT 70,000,000, with two types of interior designs to choose from. The community is made up of just eight houses which makes the community distinctive and exclusive.
The development is situated near international schools, hospitals and highway tolls, with an upcoming subway MRT station and a Central mall nearby.
The development is located in the Khao Yai area which includes the oldest and third largest national park in Thailand. It is located about 250 kilometers north of Bangkok. The Swan Lake Residence community is situated in the direct vicinity of the national park and has been awarded the Dot Property Thailand Awards 2022 in the Best Environmental Project category.
Swan Lake Residence blends seamlessly with the surrounding landscape. The community's land area includes eco-friendly pathways, viewing platforms and artificial lakes inhabited by swans and fish. It is a low-rise neighborhood which includes private villas and multi-family condominiums.
Swan Lake Residence is just one of the developments in this mixed-use community. One of the most sought-after hotels to open in Thailand in 2022, The InterContinental Khao Yai, is yet another interesting design and concept created by world famous architect Bill Bensley.
Iden Kaset Phaholyothin is a Bangkok community for residents with apartments ranging between 180 and 300 m2. The community is situated in a thriving, rapidly growing area nearby international schools, restaurants, shops and public transportation stops. The complex will feature amongst other facilities fitness areas and recreation areas, a swimming pool, landscaped gardens and 24-hour security and video surveillance.
Himmapana Villas Hills in Phuket is a community of residential homes made up of separate villas, each villa coming with its private pool. The complex is situated just 1400 meters from the beach. The property will provide 24-hour security, laundry and parking.
The speed and scale of construction projects in Thailand in 2022 and 2023 has increased, nearly reaching pre-pandemic levels and it is forecasted there will be many more exciting and long-anticipated projects in Thailand in the coming years.