Baan Guru is known for its diverse listings of upscale properties in Bangkok and Thailand. The firm is also knowledgeable about the various condos that are listed in the marketplace. Research into the Bangkok real estate market makes it possible to see why this Thai city generates some of the highest returns on investment in real estate in Thailand.
Regular Real Estate Reporting
Regular quarterly real estate reports regularly supply detailed condo property information and analyses from Bangkok and Thailand databases in combination with property and market surveys. Secondary data is also used from private operators and governmental bodies. The value and reliability of the research is based on an understanding of the marketplace and the expert opinions of Baan Guru real estate professionals.
According to experts in the field, Asok condos for rent and other condos are divided into six categories based on the price per square meter. The classifications include super luxury, luxury, high-end, upper mid-range, mid-range, and entry-level.
Common Amenities Associated with Higher-End Condos in Bangkok and Thailand
Condos that are high-end and above typically are denoted by the following attributes:
- An easily accessible location
- A pleasant and secure neighbourhood, which also ensures privacy
- A good building design, decoration, and layout
- A higher level of construction, including the use of high-quality specifications and materials
- A comprehensive range of facilities including a swimming pool, squash or tennis courts, and gym
- Adequate elevators and an effective monitoring and evaluation (M&E) system
- Sufficient parking for cars
Bangkok Condo Locations
Within in Bangkok, several areas are home to condos. These areas are Silom/Sathon, Central Lumpini, Sukhumvit, Pathumwan, Rama III, and Riverside.
Indeed, Bangkok is home to a large number of condo properties as report statistics note. For example, just over 550,000 condo properties are located in downtown and midtown/suburban areas. Of these units, about 20% or around 115,000 are located downtown.
Currently, condominium developers are continuing to focus on transferring finished units and clearing constructed but unsold inventory. Overall occupancy for the downtown area remains relatively stable, for the most part, showing a rate of about 80% for the first quarter of 2016.
Currently, the median asking price for an off-plan condo unit downtown is about THB 218,000 per square meter, which represents an increase. The reason for the price adjustment is mainly due to the record prices for many new condo projects in the period from 2014 to 2015.
According to research, a good majority of Bangkok condos are located in the area of Sukhumvit. The area, which is supported by mass transit, features retail and office spaces as well. The area is considered to be the most established residential location for both expatriates and Thais. The highly developed area is followed by Silom/Sathorn, Riverside, Pathumwan, Rama III, Outer Sukhumvit and Central Lumpini in terms of popularity.
If you are seeking a condo, you can find one in Bangkok or another area of Thailand that will meet with your living requirements and budget. All of the above-mentioned amenities make living in a condo one of the reasons why Bangkok is considered an on-trend place to live.