Date: September 24, 2020
Source: Thansettakij
Thonburi, located on the west side of the Chao Phraya River, is undergoing rapid transformation driven by the development of two major mass transit lines â the Blue Line and the Gold Line. These transit routes pass through key business districts and local communities, significantly boosting the areaâs development potential.
The expansion has catalyzed urban redevelopment:
ðĒ High-rise buildings, condominiums, shopping malls, and office spaces are being constructed.
ð Land prices have surged, especially along the riverside, with some plots reaching THB 1 million per square wah (~$7,800 per sqm).
ðž Despite economic uncertainty from the COVID-19 pandemic, interest in real estate remains strong â particularly from Thai and Chinese-Hong Kong investors, seeking riverside plots for development, investment, or residence.
Although Thonburi remains less dense than the Phra Nakhon side, branded residential projects have started entering the market â especially in the Blue Line extension zones.
According to a survey by Thansettakij, over 100 shophouses are currently up for sale along the rail routes. Prices range from THB 30â40 million for 1â2 unit blocks, with premiums for properties close to stations or shopping centers.
Experts including Mr. Surachet Kongcheep (Phoenix Property Development & Consultancy Co., Ltd.) and Mr. Wason Khongchantr (Modern Property Consultant Co., Ltd.) highlight mass transit as the primary catalyst for Thonburiâs transformation.
