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Learn more about the Chomphon condo market through trends and average prices.
Chomphon is one of the administrative areas of Chatuchak district, a popular administrative district and a large lifestyle center of Bangkok filled with all modern conveniences. Some areas in Chomphon are known as "Ha Yaek Lat Phrao," which has been continuously developed to support the expansion of the Chatuchak district. As a result, the Chomphon sub-district is influenced by the growth of Chatichak as well. The sub-district is a commercial neighborhood featuring shopping centers as well as a relatively densely populated community since it has one of the most convenient transportation systems in Bangkok, consisting of BTS Sukhumvit Line( Light Green line) and the MRT Blue Line (Chaloem Ratchamongkhon), running through both the center of the neighborhood and the immediate neighborhood's border. In addition, there are many well-known main roads, such as Phahonyothin Road, Ratchadaphisek Road, Lat Phrao Road, Vibhavadi Rangsit Road, etc.
The region has been pushed for the new Bangkok CBD since the opening of the BTS Sukhumvit Line (Light Green line) in Chomphon, making it attractive for both investors and consumers. Nevertheless, the distance of real estate projects from the MRT and BTS stations is one of the key factors in pricing real estate projects. The Chomphon area is located along the MRT Blue Line (Chaloem Ratchamongkhon) and BTS Sukhumvit Line( Light Green line), making the real estate market, especially the condo for sale market in this area, quite competitive. The market price of the condo for sale near MRT and BTS stations ranges from 3 to 10 million baht, while condominium projects located near a prime area of Lat Phrao Intersection, mostly high-end projects, are priced from 10 to 40 million baht. According to this point, The condo for sale in Chomphon offers varied price levels, which is suitable for living and is considered an attractive investment option.
In the past, the prosperity in the Chatuchak district was concentrated only in certain areas, and Chomphon wasn't as much attractive and well-known by investors and the general public as these days, until the MRT subway was launched in the Chomphon, and the land in the center of Lat Phrao Intersection was developed into a shopping mall, Union Mall. It can be considered the turning point of the Chomphon area. Since then, a growing number of investors and individuals have been coming to the area for work, business, study and travel, causing the sub-district to prosper by leaps and bounds. It is also fully supplied with various amenities, such as shops, restaurants, hospitals, educational institutions, and diverse entertainment venues at night where you can relax from the tiring workday and exhaustion.
Chomphon is a densely populated area with high potential, surrounded by a diverse range of amenities, whether shopping centers where you can buy essential products and meet the expectation of urban lifestyles, such as Union Mall, Big C Extra Lat Phrao 2, Uncle Perm Market, The Bazaar Ratchadaphisek, etc., educational institutes, such as Saint John's School, Satrivoranart Bangkhen School, Chatchawi Kindergarten, Ruang-Urai Kindergarten, etc., government offices, such as Criminal Court, Civil Court, ฺBangkok North Municipal Court, Department Of Special Litigation 2, etc., convenience stores, restaurants, cafes, bars or service outlets, all provided in order to suit the large population and accommodate the influx of tourists.
Chomphon is not only an attractive residential area, but it also provides a broad range of travel alternatives, including traveling by car and traveling by public transportation.
Traveling by car: Several main roads link from Lat Phrao Intersection and connect to many other important areas. Lat Phrao Road is the main road that stretches from Lat Phrao Intersection to the southeast, intersected with 3 main roads, namely Phaholyothin Road and Vibhavadi Rangsit Road that cut through at Lat Phrao Intersection and Ratchadaphisek Road that intersect at the Ratchada - Lat Phrao Intersection.
Traveling by public transport Lat Phrao Intersection is one of Bangkok's busiest traffic zones. In order to reduce such problems, the electric train project has been developed, including the MRT Blue Line (Chaloem Ratchamongkhon) and BTS Sukhumvit Line( Light Green line), with several stations available, such as Phahonyothin 24 BTS, Ha Yaek Lat Phrao BTS, Mo Chit BTS, Chatuchak Park MRT, Phahon Yothin MRT, Lat Phrao MRT, etc.