When choosing a location to invest in, what do we need to look at? Is Bang Na considered a location that is worth investing? What are the factors that need evaluation before investing in Bang Na?

Strategic Geographical Location

Bang Na has been perceived as a peripheral and industrial neighbourhood. However, it is developing and transforming into an ‘Extended Business District’. This is due to its location. Bang Na EBD (Eastern Business District) is the southeast gate of Bangkok and is the gateway for Eastern Economic Corridor (EEC) to enter Bangkok. It is well-connected to the industrial parks of the Eastern Seaboard and hosts a number of logistics companies and distribution hubs.

The EEC development lies at the heart of Thailand 4.0 scheme, a government initiative, which aims at transforming the country into an innovative, value-based industry. It is expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects. [1]

Connectivity, ACCESSIBILITY, Convenience

In terms of accessibility, a location, that has major transit routes and has more than one point of entry, should be considered.

With the growth of the public transport system in Bang Na, more connections (by rails, roads and air) will make commuting more efficient, convenient, enjoyable and easier to access. Below are some of transportation modes (current and future) that connect the area:

  • 3 tracks:
    BTS Green Line (Samrong-Bangpu) [2]
    Future Light Rail (Bangna-Suvarnabhumi) [3]
    MRT Yellow Line (Ladprao-Samrong) [4]

  • 2 fast roads: Sriraj Express Way, Outer Circle Kanjanaphisek Road

  • 1 international airport: Survanabhumi Airport

  • EEC high-speed rail: Don Mueang – Suvarnabhumi – U-Tapao high-speed railway [5]

Grade A offices & exhibition hall

A residential area, with Grade A offices, co-working facilities nearby, is a good option to consider for an investment.

There are a lot of offices in Bang Na. Thus, people working around the area, are potential tenants or future buyers. Here are some offices (including Grade A offices) in Bang Na:

  • Bangna Tower (20 floors, total area 34,000sqm)

  • Bhiraj Tower @ Bitec (29 floors, total area 31,880sqm)

  • Interlink Tower (40 floors, total area 54,750sqm)

  • Megacity Bangna - underway (total area 112,000sqm)

  • Summer Lasalle (3 floors, 44,000sqm)

  • The Bangkok Mall - underway (total area 400,000sqm)

Credit Source: BHIRAJ BURI GROUP

Local amenities

A great neighbourhood should also include important amenities such as schools, hospitals, shopping malls, entertainments and restaurants.

Bang Na has a wide range of amenities, such as:

  • Shopping malls (Mega Bangna, Central Plaza, Central Village)

  • Famous international schools (Bangkok Patana International (BPS), Berkeley International School, St. Andrews International, Wells International School, etc)

  • Word-class hospitals (Sikarin Hospital, Thai Nakarin Hospital, Chularat 3, Piyamin)

Future Developments (emerging of mega projects)

In view of Bang Na becoming a new business hub and a linkage between Bangkok and EEC, developers have started to invest in the development of commercial buildings (retail, office and hospitality) and residential projects in the area since 2017. Some upcoming mega projects:

  • The Bangkok Mall (largest shopping mall in Southeast Asia)
    >> Developer: The Mall Group | Estimated investment: THB 30 billion

  • Megacity Bang Na (Thailand’s largest all-inclusive lifestyle city development)
    >> Developer: SF Development Co., Ltd | Estimated investment: over THB 67 billion

  • Don Mueang – Suvarnabhumi – U-Tapao high-speed railway (EEC high-speed rail)
    >> Joint venture agreement between State Railway of Thailand and ASIA ERA ONE CO., LTD.
    Investment expenditure: THB 258 billion (government: THB 158 billion; private THB 100 billion)

Affordable low barrier of entry with low risk

Property price in Bang Na is still considered an affordable low barrier entry with low risk (around THB 2.2 millions).

The Bank of Thailand relaxes Loan-to-Value (LTV) regulations for mortgages for local buyers. It has been effective since 1 April 2019.

110% for the mortgage bundled with the top-up, for those who buy residences valued less than THB10 million [6]. This is to encourage home ownership among the youth, the Generation Z.

Thus, it will increase the purchasing power sfor the local buyers when the sellers decide to sell the properties.

Niche Mono Mega Space Bangna

And we have invested in Bang Na as well! Here is Niche Mono Mega Space Bangna. It is a freehold condominium, developed by Sena Development PCL and Hankyu Hanshin Properties Corp (a joint venture project with a Japanese developer). Anticipated completion is in Q3 2021.

Should you wish to find out more about investing in Niche Mono Mega Space Bangna, our friendly consultants will be happy to have a thorough discussion session with you. Simply leave your details in the form below and we will arrange a call-back for you.