Bangkok’s Mass Rapid Transit construction makes Rama 9-Ramkhamhaeng prime area for new projects

Construction News
Perspective of Metris Rama 9-Ramkhamhaeng

Bangkok’s Mass Rapid Transit construction makes Rama 9-Ramkhamhaeng prime area for new projects 

Listed property firm Major Development has introduced its latest mixed-use project worth Bt5 billion on Rama 9-Ramkhamhaeng, an area where there is strong demand for both residences and office space.

Construction on the project, which will combine condominium units and offices, is slated to start at the end of this year, the company’s director and executive director and executive vice president Petrada Poolvoralaks said on Wednesday.

She added that bookings were now open for the 570 units in the 33-storey condominium project called Metris Rama 9-Ramkhamhaeng at a starting price Bt2.9 million per unit.

The company is also offering zero per cent rates on booking until September 30.

Bookings for Major Tower Rama 9-Ramkhamhaeng, the 25,000-square-metre office building, would start in the fourth quarter of this year.

“We are launching our new project on Rama9-Ramkhaemheang on the basis of the strong demand in this location, where land prices have risen from an average Bt500,000 per square wah to Bt1 million per square wah due to the construction of the new MRT orange line rail route from the Thailand Cultural Centre to Minburi that passes through this location,” she said.

That makes the area a prime spot for condominium and office development, with condo prices averaging between Bt100,000 and Bt110,000 per square metre, she said.

Metris Rama 9-Ramkhanheang will have three types of condos for sale: 30-30.5-square-metre units with one bedroom and one bathroom; two-bedroom, one-bathroom units of between 48-50.50 sqm; and two-bedroom, two-bathroom units of 59 sqm,

“This project is also open for homeowners with pets and will be sold on the concept of Pet-Freindly Residences,” she added.