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Learn more about the Bangkok condo market through trends and average prices.
It’s not a surprise that Bangkok lives up to the reputation of being one of the hottest travel spots in Southeast Asia. This city is famous for its funky markets, high-end malls, and vibrant nightlife, with riverside surprises, fabulous sights, and tourist attractions all which reflect the city’s unique heritage. The modern Sky Train (BTS) and the underground systems connect many areas and you can avoid traffic jams by just choosing any of these modes of transport. Or else you can always explore the riverside by taking a river taxi or long-tail speed boat. The city is bursting with exciting opportunities and irresistible holiday memories, irrespective of being on a pleasure visit or business. Some of the more famous places within Bangkok that would take your breath away are the Grand Palace, floating market, Wat Pho, Bangkok National Museum, Lumpini Park, Chinatown, etc.
Over the years, Bangkok has attracted millions of tourists as well as investors all year round. Real estate is one of the fast growing markets, especially famous for its, condos. There are several types of condos available, which are designed and constructed mainly for foreign investor's.
Generally, the condos in Bangkok are most sought after by the expats as these condos are located near the business centers and in the heart of the city. You can easily find different types of condos according to your requirements. Some of the condos come with common areas which include manicured gardens, pool, and a fitness center. Also, there are condos in a high-rise building that gives a spectacular view of the city.
Condos are much more spacious and are better to live in than a congested apartment. Condos are easy to maintain as you would have the benefit of an onsite handyman that would carry out all of the maintenance. From budget-friendly condos to luxurious condos, you are spoiled for choice in Bangkok.
Any property investment plan should be weighed in terms of proximity of home to the workplace; minimal basic amenities such as restaurants, mall, and schools etc., In Bangkok, the best areas to invest would be the place where the best business opportunities are available. Areas like Sukhumvit and Sathorn attract renters naturally because of the high employment rates. The business-oriented areas come with various excellent amenities: banks, hotels, transport links and shopping malls. All of these places are connected with the metro or the Skytrain which helps to attract the investor.
If you plan to reside in condos, then you need to choose the place that you are most comfortable staying at. Asoke and Thong Lo are good areas for you to consider if you are planning for a long-term investment. Also, you could look for a place where you will get a spectacular view of the city’s skyline like Phrom Pong and Lumpini Park.
Udum Suk is another ideal location to buy a condo in Bangkok. It is within the central business district. There is something for everyone here from the international trade center to bicycle tours, varied shopping outlets, the list is endless. Also, there are many spa and massage centers where you could unwind and relax or else you could enjoy the floating center of Bangkok. Other popular areas to buy condos are Watthana, Khlong Toei, Bang Na, Ratchatwei, Bang Sue and Huai Khwang.
Bangkok is packed with excitement, beauty, freedom, and adventure. Through its gigantic skyscrapers, world-renowned floating market, grand palace, and temples, the city keeps attracting millions of Tourists and is considered as one of the most popular tourist destinations. People living in the city can relieve their stress by choosing either a Thai oil massage, back massage or head massage. Also, you cannot ignore the number of shopping options that are available here.
Regardless of the budget, people are spoilt for choices. Taking a walk in the park, checking out art exhibitions, shopping in the farmers market, meeting your colleagues or friends in the beer garden, there’s plenty to do to keep a person busy in the city. The floating market gives you a wide variety of fresh fruits and vegetables.
You can indulge in delicious cuisines from around the globe. You can enjoy the fine-dining restaurants or experience the mouth-watering dishes served in local street markets. The best part of living in this city is you can travel to exotic beaches situated in nearby islands. Weekend getaways are quite cheap and offer a fantastic travel experience, you could easily catch a flight to travel to Chiang Mai, Koh Samui or Phuket and enjoy any number of tours and activities without even leaving the country. Also, you could travel by train to visit the nearby natural treasures like Lopburi, Ayutthaya and various other famous places within the country.
Hub of ASEAN - Thailand serves as the largest economic market that is growing rapidly and Bangkok serves as the gateway to Southeast Asia. It is connected to the rest of the world through Suvarnabhumi International Airport. With the city’s appeal, unique advantages and strategic location, Bangkok is positioned for rapid growth within the property sector. It is many opportunities to attract overseas investment and the regional headquarters are very much keen on tapping the economic potential of this city.
High ROI (Return on Investment) - The sale price of the condos as increased in the last few years and investors are getting a large return on their investment. These return rates are attracting local and international investors from Japan, Singapore, Hong Kong, and China who view the luxury condos in Bangkok as a good steady long-term investment opportunity.
Spas and rejuvenation centers - Many people from across the globe visit the rejuvenation and spa centers in the city. Bangkok is known for its Thai massages which help in relieving tension and stress.
Friendly, welcoming law - Foreigners are permitted to invest and own condos on a freehold basis. After purchase, the foreign buyers receive the same title deed just like the Thai owner with complete details mentioned with respect to the name of the owner, official seal from concerned authority, details about the condo, etc. Purchasing the freehold property is the right option for those who are interested to invest in a property for long-term that guarantees 100% ownership and it is considered as one of the best cities to live in.
Business and job opportunities - Millions of people traveling into the city has resulted in new jobs and business opportunities. New job opportunities are available within the Hotel business, financial sector, and Transportation sectors to accommodate the growing demand for the increase in tourists, who come to visit the fascinating city.