The Rise of Bangna
Bangna, a district located in the southeast of Bangkok, Thailand, has rapidly grown in recent years as a prime destination for property investment, attracting businesses, investors, and residents worldwide.
We have previously explored the Bangkok property market. But if you have never heard of Bangna, then you are missing out on why Bangna is generating buzz in the property market and how you can benefit from it as your next investment plan.
Keep reading to learn about the rise of Bangna and what factors are transforming Bangna into Thailand's next capital city.
1.0 Emerging Business District
Bangna is experiencing a surge of start-ups and incubators in the technology and innovation sectors, creating a dynamic ecosystem for entrepreneurship and innovation similar to Silicon Valley in America but in Thailand.
Moreover, Bangna is the gateway to the Eastern Economic Corridor (EEC), attracting prominent global industry players like Toyota, Honda, and Panasonic, who have established operations in Bangna. The presence of these large companies has helped create a supportive ecosystem for entrepreneurship, encouraging smaller companies and start-ups to emerge in the area and providing necessary support services, such as logistics and supply chain management. This has further diversified the business environment in the district, creating new opportunities for economic growth and development.
The establishment of new companies and the expansion of existing ones have made Bangna a vibrant and dynamic business hub, offering opportunities for entrepreneurs, innovators, and investors. As a result, Bangna is transforming into Siam 2.0, dubbed as the next capital city of Thailand, attracting local and international investors.
2.0 Infrastructure Development
Bangna's infrastructure development and improved transport connectivity contribute to the area's rise as a business hub. While the current BTS Skytrain system connecting to Bangna (Light Green Line / Sukhumvit line) has made the area more accessible to commuters and residents, the ongoing testing phase of the MRT Yellow Line (Lat Phrao - Samrong) and upcoming LRT Silver Line (Bangna - Suvarnabhumi) will further enhance the area's connectivity to other parts of Bangkok and beyond.
These infrastructure developments are attracting more businesses and residents to Bangna. The improved transport connectivity also makes it easier for companies to transport goods and access other parts of the country, further driving economic growth and creating new job opportunities in Bangna, making it an ideal destination for businesses and investors.
3.0 Real Estate Boom
The real estate market in Bangna is booming, with the increasing demand for residential and commercial properties in Bangna, which led to an increase in property prices of about 60% in the last decade, rising from 68,000THB/SQM in H2 2012 to 109,000THB/SQM in H2 2022 (Agency for Real Estate Affairs), making it a lucrative market for real estate developers and investors. Moreover, the area's thriving ecosystem of an emerging business hub has attracted a younger demographic, creating a more diverse community that also influences the property market.
One of the most prominent examples of real estate development in Bangna is Nue Mega+ Bangna. This freehold property is next to two of the biggest shopping malls in Bangna, Megabangna, and IKEA Bangna, which is also home to one of the most extensive upcoming development in Bangna, known as the Mega City Project, providing residents with easy access to transportation, shopping centers, office towers, and lifestyle amenities. Nue Mega+ Bangna built by one of Thailand's top developers, Noble Development, fully furnished starting from RM 300,000+, is also just right across the upcoming LRT Silver Line (Bangna - Suvarnabhumi), further enhancing its connectivity.
4.0 International Education Hub
Bangna is quickly becoming a popular destination for expats and foreign students seeking a high-quality education. The Singapore International School Suvarnabhumi, St. Andrews International School, and the Berkeley International School are just a few examples of the top-rated educational institutions in the area.
These schools offer world-class facilities, highly qualified teachers, and a diverse curriculum that prepares students for global opportunities, turning Bangna into an education hub. The presence of these institutions has attracted expats and international students, creating a vibrant and multicultural community in Bangna which further drives demand for commercial activities catering to the needs and interests of this community.
5.0 Medical Facilities
The presence of top-rated medical facilities and hospitals, such as WIH International Hospital and Princ Hospital Suvarnabhumi, benefits Bangna's residents and attracts patients from other countries.
The quality of medical care provided by these hospitals, combined with the lower cost of treatment in Thailand compared to other countries, has made Bangna an attractive destination for medical tourism. This has contributed to Bangna's economic growth and strengthened Bangna's position as Siam 2.0 in Thailand.
To summarise, Bangna in Bangkok, Thailand, is a rising star in the real estate market, offering a unique combination of an emerging business district, impressive infrastructure development, a thriving real estate market, a top-rated international education hub, and world-class medical facilities. With its strategic location and increasing popularity, Bangna certainly checks all the boxes for a great property investment opportunity set for a massive return on investment in the time to come. Stay with us for more updates on this district as it continues to grow and develop into one of Bangkok's most exciting and dynamic areas.
