Thong Lor-Asoke area sees rise in land prices
Land price in the Thong Lor to Asoke area has risen during the past seven years, according to Nexus Property Marketing.
Most of the land plots transacted in this location were developed as residential projects, including condominium and rental residences such as serviced apartments or hotels. This location is seen as one of the most stylish lifestyle locations for people in Bangkok, a factor that has boosted the prices of residences.
Nalinrat Chareonsuphong, the managing director of Nexus Property Marketing Co Ltd, said land prices in the Asoke to Thong Lor area had risen consistently, increasing on average 19 per cent a year during the past seven years, from around Bt350,000 per square wah to Bt1.01 million per square wah.
The upward price trend will continue over the next two years, with an estimated increase of at least 10 per cent per year.