Buying and renting condo in Bangna, what to consider?

If you would like to buy or rent a condo in the Bangna area, but can’t decide which one is best. I would like to say that the principle for choosing a location is similar whether you are buying or renting, but buying requires looking further into the future and personal requirement individually as condos are not as easily sold as before. Renting. In this article, we want to explain and provide information about living in this area.

Now let’s talk about the bustling Bangna area, which is said to be a new large business hub and is expected to receive a huge influx of investments from both the government and private sectors. This is due to the fact that it is an area leading to the Eastern Economic Corridor (EEC) project that we all know and have heard about for a long time. The initial master plan has been released, including Phase 2, confirming that the Bangna area, or the Eastern part of Bangkok, has a bright future.

Let’s take a closer look at what new projects the EEC has in store for us to increase confidence that the Bangna area will truly become a new business district. In the EEC master plan developed by the Eastern Economic Corridor Policy Committee, there are 3 development plans: the urgent plan, the mid-term plan, and the long-term plan. Currently, we are in the mid-term plan of the first 5 years, which is expected to receive government investments of no less than 1.5 trillion baht, with a major focus on three provinces: Chachoengsao, Chonburi, and Rayong.

Chachoengsao will focus on transportation and logistics as the center, Chonburi will be a high-quality tourist and educational city as well as a financial and research and development center, and Rayong will be targeted as an innovation city for research and development, as well as agricultural tourism. After seeing this plan, it is believed that Bangna will be the gateway to the Eastern region in reality.

Not only are there various ongoing projects in the eastern region, but there are also completed and ongoing projects in the master plan for developing the mass transit system in Bangkok, including the development of high-speed rail. This is not just talk as there are projects that have been completed and others that are still ongoing. For instance, the Green Line extension that goes all the way to Samut Prakan, the Yellow Line that runs from Sri Nakhon to Bang Na, and there are plans to develop another rail line on Bang Na-Trat Road that will connect Bang Ni and Si Iam stations to Suvarnabhumi Airport.

In addition to the mass transit system, commuting by car is also convenient in this area due to the existence of expressways. The Kanchanaphisek Ring Road runs around the city and allows for quick access to various central areas of the city, solving the problem of traffic congestion in the city center.

It can be said that, in the eastern region, the transportation and mass transit projects that are currently under construction or planned to be constructed in the future give us a bright future. Due to the fact that there is still a lot of room for development in the Bangna area, there is capital from large corporations and foreign investment coming into the Bangna area, and it is expected to increase in the future. Completed projects include Central Bangna, Mega Bangna, Central Village, Bitec, Face 1, and many other internationally renowned schools such as Berkeley International School that are located in this area.

As for future projects, they include The Bangkok Mall, The Forestier, and Mega Bangna Phase, which will be large shopping malls and mixed-use complexes, and will be magnets attracting people to come and live in the area.

Residential living in the Bangna area has seen a significant increase in the past 10 years. Townhouses, single houses and condos have been popping up left and right, providing more options for those looking to rent or invest in property. Prices have also increased, with townhouses located farther from the Megabangna shopping center now costing over 3 million baht. However, despite the rising prices, many still see the potential for investment in the area due to the ongoing development projects and foreign investments in the area.

As for where to live, popular areas include the On Nut-Srinakarin intersection, Chaloem Phra Kiat Ratchakan Thi 9 Road near Suvarnabhumi Airport, and Sukhumvit 105 or Lasalle. To find a place to live, many turn to websites such as Renthub, Hipflat, and DDProperty or seek the help of a real estate agent. However, it’s important to keep in mind that the cheapest or most convenient options may not necessarily be the best.

Whether to buy or rent also depends on individual circumstances and preferences. To help make an informed decision, tools such as Rent A Perfect can be used to screen potential living spaces before making a commitment. Those looking to rent out their properties can also use the platform to manage their rental properties.