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Chamber of commerce road, the perfect spot for Bangkok.

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Chamber of commerce road, the perfect spot for Bangkok.

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2 weeks ago

Chamber of commerce road, the perfect spot for Bangkok.

In 2017, the year started with such a breathtaking change when the Chamber of commerce road began to be in use. This is by far the huge advantage, as from having this road cutting through all the blind spots in the past, connected between Chaiyapruek road and highway road No.345 itself (Approx. length at 4 k.m.)

Thanks to the devotion of “Property Perfect”which helped in every process starting from development, investment and the construction consistently to be completely done. But for the high amount of the lands they owned (400 lands in total), along with the variety of price ranges for the house estates they do have the ownership like from 4M up to 60M baht and also from the valuable developers like Phrueksa, Sansiri and SC Assets in helping this to become successful in the end.

 

“The limitation of this valuable area, which has a lot of investors and entrepreneurs who are passionately interested in it,  might be coming from the city plan of Nonthaburi province itself, leading to the official change of the following plan in 2023 recently.Providing such a great impact to several areas along the Chamber of Commerce road.”

 

The new city plan aimed to resolve the problem due to the limited expansion of each particular land like the city center area, up to the urban area surrounded by. Changing from the “Green” plan focusing on urban and agriculture to the “Yellow” plan which adopts more spaces for land expansion for the future uses.

 

Reminders: Most of the house estates projects does not have a lot of limitations, excluding the maximum building height at 12 meters, the ratio proportionate the total building area to the land area (FAR) at 2:1 ratio and the ratio of the free spaces to the total building area must be at least 30%. However, both FAR and OSR are usually not that necessary to prioritize in the construction compared with any other factors like security or amenities

 

Why do we call this “Chamber of Commerce road” as a prime area?

“Property Perfect” usually kept all the spacious lands and then sold them separately to each qualified developer, instead of investing all on their own. Likewise, all the 8 well-known real estate developers in Thailand are also interested in this valuable offer: Property Perfect, Hongkongland, SC Asset, SANSIRI, Phrueksa, AP, Proud Real Estate and Central Pattana.

 

Around 920 lands in this area already had real estate projects developed, totaling 20 projects, worth more than 30,000M baht. “Property Perfect” speculates that if all the developers can exceed the old records from 920 lands to 1,300 lands instead, all the real estate projects on this area will worth more than 50,000M baht afterwards, causing more households to move into this area, perhaps more than 4,600 households.

The Managing Director of Perfect Property did mention the past value of this area in which all the real estate firms have already bought some lands 10 years ago, after they had seen that both the area of Rattanathibet road and Chaengwatthana road were almost fully occupied. The prosperity will be fluctuated from the Rama IV bridge to the area of Chaiyapruek road as a consequence to that. This is the main reason why “Perfect Property'' encouraged more developers to buy lands from this area than just the individual ones, as for promoting this area to be well-known and then help the customers to have more choices of the accommodations to pick from.

 

This road does have so many house projects on sale right at the moment like “Grand Pleno Chaengwatthana-Ratchapruek” a project developed by AP which is the 6.09M baht twin house. “The Palm Chaengwatthana-Chaiyapruek'' from Phrueksa,  a detached house at the starting price of 8.99M baht or “Bangkok Boulevard Chaengwatthana-Ratchapruek” from “SC Asset”, starting at 9.99M baht. Moreover, there is a mansion selling in this project with the name of “Lake Legend Chaengwatthana” under the collaboration between “Property Perfect” and “HongkongLand” at the price of 130M baht each ones.

Furthermore, the new members like “Proud Real Estate” and “Central Pattana” will become such impactful players among all these 8 developers as well; right now they are just considering which types of accommodations and the prices they should focus on. Thus, we would literally see more of the interesting projects from them in the near future.

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