Strong Foreign Demand For Upscale And Luxury Units In Ploenchit

Ploenchit is an area in downtown Bangkok that is high on chic and prestige. It is not the place you will go to if you are looking for tourist attractions because the area is full of high-rise buildings, upscale apartments, embassies and high end shopping malls. You will find luxury hotel in Ploenchit that meets every need and convenience.

In recent years, the luxury residential market in Bangkok’s central business district has consistently performed well without any signs of slowing down. Demand for upscale and super-luxury luxury projects from foreign investors remain high. According to CBRE Thailand, a leading real estate developer, units in the heart of Bangkok are valued at 10 million baht making them highly popular among overseas investors.

Property Consultant Colliers International recently announced that condominiums along Sukhumvit Road have sold out their foreign quota to buyers from China, Japan and Hong Kong. Foreign quota is equivalent to 49% of the total space of all units in a condominium. Ploenchit which is the prestigious address in Bangkok is considered as one of the most desirable locations in the city’s business district because it offers everything that an individual needs.

The ritzy neighbourhood of Ploenchit is near the BTS Skytrain station, the expressway and the neighbourhood that is filled with glass skyscrapers and skywalks. In the early morning, you can take a stroll along Soi Ruamrudee where you will meet other residents walking their designer dogs or buying breakfast pastries from a neighbourhood café. At the end of the day, you can hang out with friends in cocktail bars and restaurants that cater to the rich.

According to the 2017 records of CBRE Thailand, it was revealed that Ploenchit-Chidlom CBD had the highest land price in Bangkok that has been recorded. Because of strong demand, the supply of high-end luxury condominiums in the area became significantly scarce.

Simply said, hotel in Ploenchit is one of the best options when you are looking for glamorous and convenient accommodations. The area is the place where humans, technology and nature peacefully co-exist. Because the hotel is located in the heart of the city, you can conveniently access all the exciting parts of Bangkok.