The riverside area in Bangkok is a blend of the historic original city and the central modern city. Creating a vibrant atmosphere with a multitude of facilities and a range of accommodation including branded residences, serviced apartments, condominiums and 5 star hotels. The riverside Bangkok offers a sanctuary for your soul coupled with exceptional quality of living.
Bangkok was named the world’s most-visited city in 2018 for a fourth consecutive year. Ahead of Paris, London, Dubai and Singapore, according to a 2019 Mastercard’s ranking. With the current situation after covid, NPP Consultants and experts are still expecting growth in the property market this year. With tourist and investors expected back towards the years end, investment opportunities will be plentiful for all.
Bangkok has an array of options for purchasing property for personal or investment purposes and the riverside has always been a popular location for both. As with all major cities, the riverside areas play a significant role within the city. The surrounding area of Taksin Bridge offers sound investment opportunities due to limited availability in an area of such historical importance and the remarkable natural landmark.
The Chao Phraya River has shaped the way of life in Bangkok for generations. With a peaceful atmosphere and mix of historical landmarks and cultural treasures. With limited growth available. Between 2016 and 2018 the number of completed units remained at 15,506. This accounted for only 10 percent of the completed units in the downtown area.
There is a skyscraper coming to Bangkok, still yet to be named, during the time that the riverfront is experiencing its very own renaissance. The building will become the nation’s tallest building with a completion date of 2025. It will surpass the current tallest building, Magnolias Waterfront Residences that stands at 318 meters. The resurgence of the area has included Four Seasons opening its first riverfront development in Bangkok and the Mandarin Oriental is nearing the completion of its complete renovation. Other projects being developed include a pricing structure competitive against areas such as Sukumvit, Central Lumpini park and Ratchada making them very attractive opportunities for investors.
This is coupled with the business district continuing to expand and develop including the new complex of the Ministry of Interior. The ministry will move from the Grand Palace to the Charern Nakhon area on the banks of the Chao Phraya River. It will accommodate its five departments and the permanent secretaries office. With over 7,600 ministerial officers working in the zone is sure to raise the demand for condominiums as well as investment opportunities for both the short and long term. This project is exceptionally situated on the main Charern Nakhon thoroughfare which offers local eateries and upscale restaurants. With the Riverside Plaza community mall and in the same zone as the Anantara and Avani Hotels, this addition to the area is sure to increase demand for property and services.
With the extension of the BTS making mass transit convenient within this area, the popularity is continuing to soar. While conveniences such as ICON Siam and Asiatique offer excellent facilities to cater for the residents and tourists alike.
With all this in mind, it makes it the best time to invest in water front living ensuring that you have your part in the soul of Bangkok.