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Real Estate Blog

Bangkok Expats: Are you ready to buy a condo and stop seeing rent fly through the roof?

Updated: Jul 26, 2020

Which area to look for?

Photo by timelockz from Pexels

The answer to that question always depends. If you are looking for a new quality condo with a luxurious touch at a good price then the better locations to look for right now are the new Central Business Districts in Bangkok.

These developing areas offer off plan projects that are ideal to buy as a comfortable home for now and which later on you can still see the fruits from once the area gets more developed and the prices rise.

Think of locations such as Rama 9 and Punawitthi. Many companies have already moved to these new and rising areas so the time to make a move is now.

Photo by 金 运 on Unsplash

Where are the sales and rent rates going high?

When it comes to new developing areas who deliver these great fruits in terms of profit, Punnawitthi is one of these locations to look out for. As one of the best choices after Sathorn, Punnawitthi has become the high end choice of many.

A variety of different expat home buyers have already favored the elite location of Punnawitthi with regional sales rates of up to 89%. The prices of the condo's depend on their distance from the sky train stations, though the average price of the second quarter of 2019 was around 140,000 to 180,000 Thai Baht per square meter.

On average the expansion of the price was as high as 6%. Many foreign expats tenants in the area and with a monthly rental rate between 450-750 Thai Baht pr square meter Punnawitthi has definitely become one of the new CBD's to look out for.

Recommended new projects for the Punnawitthi area are Sky Rise Avenue on Sukhumvit 64 and for Rama 9 we advice Siamese Rama 9.


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