Upcoming Mega Projects in Rama 9
Rama 9 and Ramkhamhaeng area gained benefit from the expansion of large-scale jobs in the Rama 9-Ratchada intersection, resulting in increased demand for housing. Since 2012, new condominiums increase continuously every year. Currently, the average condo sales rate is quite high, about 85-86%. The overall average selling price of condos in Rama 9 area is 1.2-1.3 hundred thousand baht per square meter, increasing every year by about 10%. New projects that have been launched for sale during the past 1-2 years have been of much interest in both function and design. Green office with abundant trees and greenery has superlative advantages in 2020 as the current trend of health consciousness and peace of mind are top priorities for modern companies. Modern companies LOVE modern offices. Selection of premium material also add interest and focus on the market.
Rama 9-Ramkhamhaeng area is considered to have significant potential in the future. The city zone of the area is orange color code which means moderately dense housing. According to the total building area to ground ratio (Floor Area Ratio: FAR), the maximum total building area is of 4.5 times the land area. Although, FAR is moderately low, but there are still opportunities for developers as the building can have up to 20 floors. Most small developers choose to develop Low Rise projects to differentiate themselves from the big competitors.
Considering the FAR, if investors choose to develop low rise projects, the investment cost will be comparatively cheaper than high rise projects resulting in undoubtedly less risk. Construction can be completed faster, suitable for 2020’s economic fluctuation conditions.
The rise of Mega Projects has undoubtedly created buzz throughout both the public and private sector. Whether it is located along the orange line Taling Chan – Min Buri or the MRT Blue Line at the Cultural Center Station, land development plan has been put in place. Raintree Office Garden, a green tranquil working office plays a big role in the rise of Rama 9 ‘s New CBD project in the heart of Rama 9 Road intersecting with Ratchadaphisek Road. It is considered to be the one of the Mega Projects in Bangkok.
Raintree includes modern office buildings, green nature environment, retail shops, restaurants and cafes. Ready for the convenience of living on an area of over 22,000 square meters.
Interested in renting office space, please contact 02 643 8038. Raintree Office Garden offers you modern and green spacious office space for rent in Rama 9.