Since the beginning of the year On Nut has been in the spotlight, however this ascent is likely to be sustained going into 2018. The hiking sales and rental prices of the prime areas of Sukhumvit such as Phrom Phong and Thonglor is causing investors, homebuyers and renters to shift their search towards locations such as On Nut in the hunt for relative-value and affordability.
On Nut currently benefits from one of the most active and stable rental markets in the Capital driven in large part to its appeal with both Expats and Thai residents. The combination of good-value condo options and travel convenience (Due to the presence of the BTS and easy access to the expressway) has positioned the neighborhood as a residential hub for the city’s working professionals.
However On Nut is gradually gentrifying into more than just a “cheap condo hub”, and is transforming into a desirable lifestyle hotspot.
A big part of the On Nut success story, is the neighborhood’s pipelines of completed and upcoming Commercial and Retail Developments; from Hotels such as “X2 Vibe” adding a trendy and hip environment to Sukhumvit 52 to the Sansiri led Habito Community Mall offering a hangout spot for local residents.
The prestigious Bangkok Prep International School has launched a new Campus in the Sansiri developed T77 Community, along the On Nut Canal. This has reinforced the neighborhood’s appeal as a homebuyer and family friendly location.
A final major project, is the soon to launch Century Mall located right next to the BTS station. This sizeable complex will inevitably complement the lifestyle of local residents. It will also position On Nut as a retail and lifestyle location, possibly resulting in greater footfall from residents from neighborhoods such as Bang Chak and possibly even Phra Khanong.
The area will also soon welcome the launch and completion of several quality condo projects, by a variety of developers. These include big names such as Origin Property and Sansiri.
Pipeline of Upcoming Condo Projects:
1. The Excel Hideaway
Developer: All Inspire
Completion: Q4 2018
2. Niche Mono Sukhumvit 50
Developer: Sena
Completion Q1 2018
3. Mayfair Place
Developer: PTF Realty
Completion: Q2 2018
4. Serio Sukhumvit 50
Developer: Thai Taweeporn
Completion: Q4 2018
5. Sign Condo Sukhumvit 50
Developer: Sirilert
Completion: Q3 2019
6. KnightsBridge Prime-Onnut
Developer: Origin
Completion: Q4 2020
7. Kawa Haus
Developer: Sansiri
Completion: TBC
8. Siamese Sukhumvit
Developer: Siamese Asset
Completion: Q3 2019