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Siam Square land the most expensive


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Siam Square land the most expensive

 

 

Siam Square has beaten Yaowarat to become the most expensive area in Bangkok in terms of land prices due to the opening of two major shopping complexes - Siam Paragon and Central World.

 

Local property consulting firm Agency for Real Estate Affairs Co Ltd (AREA) Tuesday revealed that areas along the Skytrain route and Sukhumvit Road had encouraged many property developers to develop projects there. This had helped bring land prices up.

 

The firm said land prices in the Siam Square area had jumped 16 per cent to Bt640,000 per square wah (four square metres) this year, which tops the Bt630,000 per square wah being asked for land in the Yaowarat area. The third most expansive area in Bangkok is Silom, with land selling at Bt560,000 per square wah.

 

The Nation

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