According to Mr.Amritanshu Roy, Chief Operating Officer, Greenfield Advisory Pte Ltd - Singapore, at the end of the famous Bang Na - Trad expressway, lies one of the upcoming & promising Greater Bangna area. The transformation of the Greater Bangna Region from an industrial & logistics precincts to luxury malls and residential enclaves has been catalysed by the implementation of the Eastern Economic Corridor (ECC) and other massive supporting infrastructure developments such one of the biggest malls in Thailand; spanning a whopping 400,000 m2 housing global brands such as IKEA, Zara and recreational elements such as a multiplex and water theme park.
Ladkrabang & Thepharak, which are both in the Greater Bangna area, are only 25 minutes' drive from Suvarnabhumi International Airport. Traditionally, airports are built inside cities but cities built around airports, also known as 'aerotropolis' are gaining traction over the last decade. There have been many success stories, including Amsterdam's Schiphol, Paris' Charles de Gaulle, Dubai, Incheon and Memphis. The development of Greater Bangna region around Suvarnabhumi Airport is the next such region in making. The area is integrated into the city's fabric through prominent expressways such as Bang Na - Trad and Chalerm Mahanakorn Expressway as well as successfully linked to Bangkok's mass transit systems. Future rail lines such as yellow line is set to further add to the connectivity, thus making Greater Bangna one of the most well-connected areas in Bangkok.
Larger corporates such as King Power have moved into the area. Multiple hotels, malls & exhibition centres are under various phases of development giving area a cosmopolitan character. On a recreational front, Greater Bang Na host some of the best golf courses in all of Asia; Thana City Country Club and Lakewood Country Club to name a few. Many also drive into Bangna as there are large food markets that showcase the cultural diversity of Thailand at very economic prices; making it a melting pot of culture and personnel. Greater Bangna has always been an educational hub with high schools such as the American School of Bangkok and the prestigious Verso International school. There are also numerous universities in the Greater Bangna region.
The development of social infrastructure, like schools, shopping malls, markets, hospitals, etc., are all expected to change the face of this erstwhile industrial hub. Many developers have also flocked to this region, hoping to cash-in on Greater Bangna's potential and are building townships in this area. As a result, home buyers can choose from a variety of housing projects, according to their budget and requirement.
Fulcrum Ventures roll out the carpet 3 projects more over 1,000 units
"We are betting big on the Greater Bangna Area. We really believe that this area of Bangkok is going to be a future hub and we have put our money where our mouth is by doing not just one project, but three large residential projects & two mixed use commercial projects. Our first premium residential project in the area - PANARA - on the main Thepharak road is already live. Over the next 36 months, we will be launching over 1000 units in the Greater Bangna region where we are launching the second PANARA at Ladkrabang with 224 units., Additionally we have also begun work on our townhouse project - Anona, with over 800 units. We aim to take the project live in 9 months. We are very excited and bullish about the growth of the area.," said Mr.Somsakd Srikuruwan, Director, Fulcrum Ventures.
Expected within 10 years real estate price increase by 50%
With the rapidly changing ecosphere of the area over the past five years, the locality has witnessed an increase in population in recent years with many shifting their bases in the area. The land price of the area has also increase. In fact, just in the yeas of 2017-2018, prices went up by 9% which lead to further real estate investments. We believe that by 2030, property prices will be up by a strong 50%.
A client, a young executive, who recently bought a property in Greater Bangna, in a township project at Thepharak, feels that Greater Bangna is the best realty destination in Bangkok. In a couple of years, the appreciation rate would be higher than any other place in Bangkok. Greater Bangna, hence, is a favorite destination for new buyers like me, who want to invest for better return on investment. In addition to the new age housing developments, residential projects in the Greater Bangna area also has greenery and open spaces and it provide a quality lifestyle for home seekers," he concluded.