Don Mueang becomes Major Infrastructure Hub, land prices rise 11%

MGR Online•Economy•12d ago

Reader Briefing

Don Mueang has transitioned into a Major Infrastructure Hub with land prices increasing by an average of 11% per year.

•Cushman & Wakefield Thailand identifies Don Mueang as a Major Infrastructure Hub in northern Bangkok.
•Land appraisal prices in Don Mueang are increasing by an average of 11% annually.
•Sansiri is launching the Setthasiri Great Don Mueang project with prices between 15 and 40 million baht.
•The Red Line electric train (Bang Sue - Rangsit) opened in 2021, influencing urban planning changes in the area.

Overview

•Don Mueang began growing after the opening of Vibhavadi Rangsit Road in 1966, initially housing Air Force officials and airport employees.
•Land appraisal prices in Don Mueang increase by an average of 11% per year, while rental yields for Sansiri projects in the area reach 7%.
•Surachet Kongcheep of Cushman & Wakefield Thailand states Don Mueang has evolved from an airport perimeter into a Major Infrastructure Hub.
•Target buyers in Don Mueang consist of Local Wealth and Relocation (50-60%), High-Earning Professionals and Parents (30-40%), and Regional Wealth (20%).
•The opening of Harrow International School Bangkok in 1998 and the Government Complex Chaeng Watthana in 2008 acted as magnets for residential growth.
•The Red Line electric train's opening in 2021 led to a city plan update, changing land use from low-density residential (yellow) to medium-density residential (orange).
•Sansiri is opening pre-sales for the Setthasiri Great Don Mueang detached house project on September 12-13, 2026.
•Brighton College Vibhavadi is scheduled to start admitting students in 2025, indicating high purchasing power in the area.

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Key Entities

Organization

Cushman(คุชแมน)

A real estate firm that analyzed the growth of the Don Mueang area.

Cushman & Wakefield Thailand(คุชแมน แอนด์ เวคฟีลด์ ประเทศไทย)

The organization where Surachet Kongcheep serves as Head of Research and Consultancy.

Sansiri(แสนสิริ)ℹ️

A real estate developer operating projects and the Setthasiri Great Don Mueang project in the area.

AOT

An organization whose executives are among the high-earning professional target group in Don Mueang.

Harrow International School

An international school serving as a target for high-earning parents in the area.

Brighton College Vibhavadi

An international school that will open for students in 2025.

Harrow International School Bangkok(โรงเรียนนานาชาติฮาร์โรว์ กรุงเทพฯ)ℹ️

An international school opened in 1998 that drove residential interest in Don Mueang.

Person

Surachet Kongcheep(สุรเชษฐ กองชีพ)

Head of Research and Consultancy at Cushman & Wakefield Thailand.

Place

Don Mueang(ดอนเมือง)ℹ️

A district in northern Bangkok that has become a Major Infrastructure Hub.

Government Complex Chaeng Watthana(ศูนย์ราชการแจ้งวัฒนะ)

A significant site opened in 2008 that acted as a magnet for the residential market.

Vibhavadi Rangsit Road(ถนนวิภาวดีรังสิต)ℹ️

A main road opened in 1966 that drove early growth in the Don Mueang community.

Song Prapha Road(ถนนสรงประภา)

A road along which housing projects expanded after 1977.

Chang Akat Uthit Road(ถนนช่างอากาศอุทิศ)

A road along which housing projects expanded after 1977.

Kamphaeng Phet 6 Road(ถนนกำแพงเพชร 6)

A secondary road that helps distribute traffic in Don Mueang.

Cherdwuttakat Road(ถนนเชิดวุฒากาศ)

A secondary road that helps distribute traffic in Don Mueang.

Don Mueang Tollway(ดอนเมืองโทลล์เวย์)ℹ️

Part of the transportation network connecting Don Mueang.

Si Rat Expressway(ทางพิเศษศรีรัช)ℹ️

Part of the transportation network connecting Don Mueang.

Red Line Electric Train (Bang Sue - Rangsit)(รถไฟฟ้าสายสีแดง (บางซื่อ - รังสิต))

A train line opened in 2021 that influenced urban planning and land use.

Setthasiri Great Don Mueang(เศรษฐสิริ เกรท ดอนเมือง)

A detached house project by Sansiri priced between 15 and 40 million baht.

Policy

Bangkok Comprehensive Plan (4th Revision)(ผังเมืองรวมกรุงเทพมหานคร (ปรับปรุงครั้งที่ 4))

A urban planning policy that changed land use designations in Don Mueang from yellow to orange.