Event Calendar Press Releases Thursday January 23, 2020 14:54
Bangkok--23 Jan--CBRE
  • High-rise Condominium with "River View" as Trending Selling Point

CBRE, a leading international real estate consultant, revealed that the residential development trend in 2020 will be driven by real demand and previously overlooked areas will become popular locations such as Charoen Nakhon Road on Thonburi side that currently receives high attention from property developers. There are many factors in 2020 that validate the Charoen Nakhon area as a "hotspot" at par with Bangkok's central business district (CBD).

Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, commented, "One of the key factors is the availability of large amenities and utilities. The opening of ICONSIAM, a large-scale world-renowned landmark that is recognised as a prototype of retail development pioneering a new concept, is accessible for customers who live nearby both Bangkok and Thonburi sides without having to travel to the city. Also, Charoen Nakhon is very close to the CBD areas of Sathorn and Silom, only separated by the Chao Phraya River".

In addition, the new mass transit line, BTS Gold Line (Krung Thon Buri BTS Station - Khlong San District Office - Saphan Phut) which connects the Bangkok and Thonburi sides, will provide more convenient transportation. The Saphan Taksin BTS Station will be renovated into a station with two platforms and a double track. The growth of the Charoen Nakhon area may be comparable to that of other areas on the Bangkok side. The main attraction of the Charoen Nakhon area is the lower price of its high-rise, high-end residential projects which are less than half of the price of similar projects in the CBD. The average selling price in Charoen Nakhon is in the range of THB100,000 - 150,000 per square metre. This indicates growth in every part of this area that has been forming and developing rapidly along this road.

According to a CBRE survey, in addition to the convenience of location, buyers still want to live close to nature, especially those living in a small unit wanting an open view. A river view becomes an added value for the high-rise residential developments in this area.

Moreover, there are communities with old cultures, temples and famous street food in the area. Its modern developments and old community culture that has been preserved make this area one of a few such locations in Bangkok and fulfil today's urban lifestyle.

Another factor that validates Charoen Nakhon as a hotspot this year is the relocation of the Ministry of Interior's office from the Bangkok side to the riverside on Charoen Nakhon Road which shows the trend of the residential community development on this road in the next 3-5 years.

Ms. Aliwassa added that Charoen Nakorn does not have an oversupply situation for high-rise residential projects. In addition, the new transportation routes by car, rail and boat provide more convenience as well as bridges including Phra Buddha Yod Fa Bridge, Taksin Bridge and Krung Thep Bridge crossing the river. The BTS Gold Line that is currently under construction will also make travelling from the Thonburi side to Bangkok's CBD even more convenient.

"Charoen Nakhon is a new location for condominium investment as prices are likely to grow further. We have seen evidences of price increases in many condominiums previously launched in the nearby area have increased. CBRE sees that Charoen Nakhon is a high potential location near CBD that will create a new trend in high-rise condominium development which are not always necessary to be close to a mass transit station. It is expected that the competition in this location will be intense from the beginning of this year onwards", concluded Ms. Aliwassa.

Follow us on
  • Facebook: CBREThailand
  • Twitter: @CBREThailand
  • Instagram: CBRE Residential Thailand
  • LINE@: @CBREThailand
  • LinkedIn: CBRE Thailand
About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE established an office in Bangkok in 1988, followed by its Phuket office in 2004. CBRE Thailand has grown to be the leading real estate services provider, offering a broad range of integrated services, including property sale and leasing, facilities, transaction and project management; property management; investment management; appraisal and valuation; and strategic research and consulting. Please visit our website at

Latest Press Release

GET, The Mall and SCB partner to launch data-driven, hyperlocal food delivery service GET FOODHALL

GET, the fastest growing food delivery platform in Bangkok, The Mall Group, Thailand’s top one-stop shopping complex chain, and Siam Commercial Bank, a digital banking leader, jointly announced the launch of GET FOODHALL, a new service to offer...

Betagro Group moves ahead with its BETAGRO #recover19 Phase 2 Project

It aims at delivering over 100,000 kilograms of high quality sausages to various communities in Thailand. Betagro Group, Thailand’s leader in the food industry, in cooperation with the Saitarn Foundation, moves ahead with its BETAGRO #recover19#...

Zilingo Trade Expands its Wholesale Food Catalogue, Partners with Unilever Food Solutions

Zilingo today announced a partnership with one of the largest FMCG companies, Unilever Food Solutions (UFS) to expand its range of food essentials on B2B commerce site, Zilingo Trade. The collaboration stemmed from the urgent need of huge online demand...

Alibaba Group Announces Full Fiscal Year 2020 Results

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the fiscal year ended March 31, 2020. “Alibaba achieved the historic milestone of US$1...

WHAUP will pour additional 300 million baht on reclaimed water projects to solve drought situation in EEC and boost revenue in the future

WHA Utilities & Power Plc (WHAUP) shows its potential in providing integrated utilities service by investing an additional 300 million baht on reclaimed water projects in WHA Eastern Industrial Estate (Map Ta Phut) and Eastern Seaboard Industrial...

Related Topics