According to a survey by The Nation, a number of leading property developers - Pruksa Real Estate, Sansiri, Noble Development, AP (Thailand), Land & Houses, Ananda Development, Areeya Property and Supalai - have launched projects to support the new demand for housing close to people's workplaces in the Ratchada-Rama IX-Asoke area since 2012.
These condominium projects are together worth more than Bt200 billion.
For example, Noble Development has launched the Bt2.8-billion Noble Revolve Ratchada 2, while Pruksa Real Estate has introduced the Condolette Midst Rama 9 condominium, worth up to Bt2 billion and comprising 433 units.
Pruksa's project follows the successful launch two years ago of its Bt1.35-billion Ivy Ampio condominium, which has been sold out. Ivy Ampio units are being transferred to customers late this year and early next.