Question: Is Phayathai The Next Investment Hotspot?
Phayathai has been a location that has been under the radar until last year when 2 major launches in Phayathai got more investors to notice. The 2 projects were XT Phayathai by Sansiri and Park Origin Phayathai.
Phayathai is only 2 BTS stations away from Siam, the main shopping belt in central Bangkok. If being close to the core city center is what you want and you do not wish to pay over THB300,000 per square meter, Phayathai is definitely a location you can consider.
Another advantage Phayathai has is that it is the interchange between the Sukhumvit BTS Line and the Airport Rail Link which brings you to Suvarnabhumi Airport. The Airport Rail Link is to be further extended, bringing commuters to Rayong, which is part of the Eastern Economic Corridor, a massive industrial project driven by the Thai Government.
Another reason to consider Phayathai is at this point of writing, given the prices of properties in Phayathai versus the rent, property owners are getting a rather attractive yield. The proximity to the city center would also help in getting a fast turnover for your empty units.
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