According to a survey by the Agency for Real Estate Affairs (AREA), most expensive luxury condominiums in Bangkok are in the Central business district, especially on Sukhumvit Road, with units priced at more than Bt300,000 per square metre.
The Diplomat on Sukhumvit 39 by KPN Group Corporation has the highest prices at Bt411,111 per square metre.
Nimit Langsuan by Pace Development Corp is asking Bt405,186 per square metre.
The Residences at Mandarin Oriental Bangkok by IconSiam Super Luxury Residence Corp at Bt400,000 per square metre.
But even these high asking prices will be beaten by 98 Wireless by Sansiri, which will open for presales next quarter at Bt550,000 per square metre.
According to a survey by Knight Frank Thailand, the prices of prime and super-prime condominium units in Bangkok increased by more than 5 per cent in the first half of the year, suggesting that those segments are far from being oversupplied.
Credit : The Nation