Real Estate Information Center (REIC) forecasts land prices along mass transit routes will continue to grow, especially in areas where projects are under development or newly operational. These locations are in high demand for both residential and commercial purposes.

The top 5 locations with the highest year-on-year increases in the vacant land price index were areas where transit lines are already operational or connect at least two lines.

1) At 7% increase (land price index of 458.8), the highest increases in land prices are in Bang Khae and Nong Khaem districts.

  • Blue Line (Bang Khae - Phutthamonthon Line 4)

2) At 6.4% rise in the index, with the highest increases in Phasi Charoen, Bangkok Yai and Bang Kapi districts.

  • Blue Line (Hua Lamphong - Bang Khae) with index value 534.5

  • Gold Line (Thonburi - Prajadhipok) with index value 526.8

  • Orange Line (Taling Chan - Cultural Centre) with index value 518.7

3) At 6.3% rise in the index, areas at:

  • Along Silom Line BTS with index value 503.6

  • Blue Line (Bang Sue - Tha Phra) with index value 495.9

  • Dark Red Line (Hua Lamphong - Maha Chai) with index value 501.4

4) At 6.2% rise in the index, areas at:

  • Along the Blue Line subway route, with index value 552.4

  • Dark Red Line (Bang Sue - Hua Lamphong) with index value 543.8

5) At 5.8% rise in the index, areas at:

  • Along the Green Line (Mo Chit - Saphan Mai - Khu Khot) with index value 508.2

  • Dark Red Line (Bang Sue - Thammasat University, Rangsit) with index value 500.3

Credit Source: www.bangkokpost.com/property/2906435/mass-transit-propels-bangkok-vacant-land-prices