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People who have just started their way in property investment might wonder what location is suitable for start-ups and are likely to grow in the future. Today we are going to show you factors that affect the location and what are the criteria in choosing location.
The first factor in investment. Convenience and ease of going to that location are the two main factors that define the gold location. Investors need to study city plans from the Department of Public Works and Town & Country Planning in order to study whether there is a new road cut or more routes expanded? It will be better if the location is next to the expressway because people can travel on the expressway faster than the normal way. The route can be seen from the “Expressway Authority of Thailand” that will consistently tell you the plan to build a new special route.
The most popular location for Bangkok residents is BTS & MRT or Airport Link, including the trend of expanding transportation routes in 2023 and in the future. Certain things that are built along the electric train are Condominiums because this combination of electric train and condo matches urban people’s lifestyle. The gold locations along the electric train railway are Silom, Sukhumwit, Sathorn and Payathai.
The connection between Phra Nakorn side and Thonburi side is Chao Phraya River Bridge such as Kiakkai Bridge, Krung Thon Bridge, Saphan Taksin, and Royal-Tha Din Daeng Bridge. Lately, the location near these bridges is more popular because these bridges can connect the civilization from Phra Nakorn or urban side to Thonburi side. However, there are some limitations about the location near the bridge because some areas are at the foot of the bridge or under the bridge. There may be a bad location compared to the area next to the bridge over the Chao Phraya River which has a better view and is more convenient for transportation.
Department stores or community malls which have facilities such as supermarkets, banks, cinemas and restaurants are a perfect place for urban people to go and do their personal business. This is one of the interesting locations for those new investors. Investors should follow up news about the new opening mall.
Properties close to office buildings and educational institutions are the source of easy-to-find and long-term-staying tenants. It is interesting for a long-term rental. In addition, the tenants will be office workers and students who choose to stay for convenience when they go to work or study. The interesting and popular districts are Silom, Sathorn, Sukhumvit, Asoke, Rama 9 and Ratchadaphisek Road.
How’s it going about the preliminary information for beginners to invest in properties? Remember that “Location is considered the core of real estate.” Hopefully, it will be more or less beneficial for those who have entered the industry.
