In 2021, new condo projects in areas such as Rama I, Phloen Chit, Wireless Road, Silom, Sathorn, Rama IV, certain sections of Sukhumvit Road, and by the Chao Phraya River have opened at over 250,000 baht per square meter, a price that was rare in 2019.

Surachet Kongcheep, the firm's managing director, attributed this trend to the increasing demand for prime real estate in Bangkok's central business district.

The text reports that buyers are rapidly purchasing high-priced condo units, with some projects achieving 65-85% bookings.

Condos near Lumpini Park are particularly desirable due to their unique city views, and the lack of nearby train stations is not a deterrent for many buyers who prioritize privacy.

Top prices for new luxury condos are predicted to reach 600 million baht per unit, with developers paying record prices for prime CBD land.

For instance, Sansiri Plc bought a 1 rai plot on Sarasin Road for 1.56 billion baht in 2020, setting a new land price record in Thailand.

A company is planning to construct a high-end condo on an unspecified plot.

The text suggests that there is strong demand for luxury condos in mixed-use projects like One Bangkok and Dusit Central Park from both Thai and foreign affluent buyers, even before official sales have begun.

These projects have partnered with five-star hotel operators, adding to their value and increasing prices.