Phitsanulok province's ideal position as transportation link attract leading property firms into this area, with Phitsanulok relishing the prospect of becoming a regional logistics hub after the government's Bt2-trillion infrastructure mega-project gets under way, the plans for the area present an opportunity for property firms to expand their investment in the lower-northern province.

According to a survey, a number of listed property firms are planning to launch residential projects - both for condominiums and detached housing - in Phitsanulok this year and next.

According to Knight Frank Thailand, suburbs have contributed greatly to the growth of Bangkok's condominium market, accounting for some 70% of launches, or 22,465 units, in the first half of 2013.

This growth was most pronounced close to the extensions of mass transit lines.