Mahidol University is located in Nakhon Pathom Province on the outskirts of western Bangkok, this area has been actively developing over the past few years.
A large shopping center has already been built in the area, and a multifunctional project will soon appear here. Salaya One will be located next to Mahidol University, and this largely determines the design of the project. The project will include a condominium, a women's dormitory, a hotel, apartments for university employees and a shopping center. The total cost is 2.2 billion baht. The center is aimed at meeting the demand for housing from students and teachers of the university.
The project will have three eight-storey residential towers for 471 apartments. According to the developer, it is expected that about 70% of buyers will be investors.
The construction of Salaya One, which is scheduled to be completed in 2023. It is expected that sales should reach 60-70% in a year.
Will other developers launch in similar areas?
It seems that the outlying areas of Bangkok may be prepared for similar developments in the future. According to Real Estate Information Center, land prices in the neighboring Tavi Wattana district increased by 8.5% year-on-year, as there will be a red line of the skytrain in the future in this area.
However, the location next to Mahidol University should not be overlooked. Developers have launched similar mixed-use projects near other well-known schools and universities.