Especially for a mumber of projects sited close to the mass-transit system, the Phaholyothin area is one of the top 10 locations in Bangkok's condominium market.

According to property experts say, although Land prices have continued to rise, the developers mostly seek plots close to Skytrain, MRT for projects and by over 20% in locations close to existing and planned mass-transit routes and more than doubling in some areas.

Prices have consistently risen since the Treasury Department's implementation of revised appraisal values in July last year as demand to buy land for developing both residential and commercial projects increases, especially in locations near to the current mass-transit system and planned route extensions.