The Nation announced that demand for residential properties along the route of the Airport Rail Link, between Makkasan and Asoke junctions, has shown strong growth in anticipation of the line's first services in August.

A survey by The Nation found that residential projects in the area worth tens of billions of baht would be completely sold out before the rail link begins operations.

According to the publication, a State Railway of Thailand source said many property developers, both domestic and foreign, had a strong interest in developing residential projects and commercial buildings around the Airport Rail Link. The source estimated that up to Bt200 billion would be invested in property development along the rail link this year and in 2010.

A number of property developers have expanded their investments in the area, especially on condominium projects catering for both the middle and luxury markets, with unit prices ranging from Bt2 million to Bt20 million.

After the Airport Rail Link is complete, State Railway of Thailand plans to develop about 100 rai (16 hectares) of land around the new line, to include a city airport check-in terminal, a transportation centre and commercial area. This will be in the area between Makkasan junction and Asoke junction.

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