Want to start buying property in Asia? Why buying a condo in Bangkok has become so popular; Foreign property ownership laws in Bangkok; The best property developers and agents in Bangkok. 34514) Bangkok - Sukhumvit Price 28,000,000 THB Luxury condominium for sale in the heart of Bangkok. Before signing a contract, you should carefully inspect a condo. It is normally available only on high-end condominiums. Prices start at 7.1 million baht for a one bedroom unit at 34.51 sqm. These are some points which investors should take note of before starting the buying process. You can buy a condo at S&S Sukhumvit, in a suburban yet fast-growing and convenient area, for just 70,000 baht (~US$2,500) per square meter. Luckily, you’ll probably deal with government officials who are used to working with foreigners when you buy real estate in Bangkok. If you love river views, you can choose from many riverside condominiums such as Chapter Charoen Nakhon Riverside with this budget. There is something for everyone here from the international trade center to bicycle tours, varied shopping outlets, the list is endless. The condominiums at this price point also looks like an apartment rather than a condominium, and may lack basic facilities such as a swimming pool and gym. Buying property in a foreign country will never be easy, especially with all the doom-and-gloom information out there. There are several room types to choose from when buying a condo in Bangkok including studio, one bedroom plus, two bedroom, simplex, duplex, and loft. I did a lot of research online before buying a condo, and there seemed to be a constant … Traffic: You can get most places by public transit, but if you need to take a cab, prepare for traffic. Budget: One of the most appealing aspects of Ratchathewi is the fact that the cost of living in this district is lower than in similarly desirable parts of Bangkok. Culture: Ratchathewi is home to a number of landmarks and commerce centers in Bangkok, including the Jim Thompson House and Victory Monument. It’ll costs less than $10 a day but come with a $300,000 limit on emergency evacuation and repatriation. Ask the right questions to avoid costly litigation. Thanks to this added security, you’ll have few problems walking around at night in Lumpini. If you sign a contract and discover a problem later, it can be a headache to deal with. But this isn’t the first time we’re hearing about these predictions. Are furniture installed properly? If you are interested, don’t hesitate talk to these condo developer representatives. Flights and Hotels: Expedia offers good deals when it comes to flights and hotels. Car Rental: Renting a car is a great way to explore Thailand, especially when your destination is outside of Bangkok. We receive a lot of e-mails asking for recommendations for products, services, and companies. Fully fitted: it comes only with necessary furniture like a kitchen and a sink. Before buying a condo, do some research online through these websites to find out what kind of condo you can get at your budget. Bangkok Property Investment: A Guide to Buy-to-Let Condos Posted on September 22, 2018 , updated on November 30, 2019 by Fresh Editorial Bangkok is a booming business and startup hub, with important geographic, political and economic clout in the heart of the South East Asian Region. Sukhumvit is a large, vibrant district just southeast of Bangkok’s city center that surrounds its namesake, Sukhumvit Road. It’s usually around 20–30 sqm. If you live in a house, you pay the central rate as decided by the Metropolitan Waterwork Authority, which is around 9-15 baht per unit. If you are making plans to buy a condo or a house in central Bangkok then BKKCondos is the broker for you and can help you find your ideal property and support you through the sales process. Therefore, if you want to buy a condo in Bangkok and live there, it’s best to avoid condos that allow owners to rent out out via Airbnb. This means that if you’re a condo owner, it’s easy to find a tenant if you want to rent out your condo. Here’s Why You Shouldn’t, Don’t Buy From Property Developers in Asia, Top 10 China Property Developers: A Complete Guide, Why You Shouldn’t Buy Vietnam Real Estate, Top 10 Vietnam Property Developers: A Complete Guide, Real Estate Agents in Asia: The Ultimate Guide, Top 10 Cambodia Property Developers: Complete Guide, Great Lockdown: Why Southeast Asia Will Outperform, Investing in Japan Property: The Ultimate Guide, Investing in Vietnam Property: The Ultimate Guide. It cuts through the middle of Bangkok, separating it into East Bangkok (Thon Buri side) and West Bangkok (Phra Nakhon side). This well-connected neighborhood has plenty of public transit and even a direct rail link to the airport. This won’t cost you anything extra, but it helps us cover the costs of running this website. But if you buy an additional car and want to park there, then you need to pay parking fee. In this section, we are going to show you what type of condo you can buy in Bangkok within certain price ranges. Expat community: This district is very conveniently located, yet it’s a lot more local than several others on this list. You may need to pay additional costs when buying a condo in Bangkok. In case you want to start buying a condo, check out Keller Henson. The average listing price in Bangkok was ฿ 12,637,421 on 1 Nov 2020 and the average size was 1479.6 square meters with 1.6 bedrooms. On the other hand, you need to be careful if the juristic person is a group of tenants. There are also bad tourists that are loud, smoke everywhere, behave in an annoying manner, and leave a mess in the common areas. You can check all related fees when buying a condo including down payment, booking fees, and transfer fees. The Silom BTS Line will take you to the main Green Line, and the MRT metro system also runs through Silom. Follow me in real time as I look to purchase my second condo in Bangkok. School: KIS is an international school in Bangkok where your child can learn under the International Baccalaureate (IB) program and with classroom technology like augmented reality and 3D printing. All Rights Reserved. Looking to buy a Bangkok condo? Normally, the parking space percentage is within 30-50% for condos in Bangkok. With this amount of money, you can buy a studio unit or a one bedroom on a condo that’s close to a BTS or MRT station. A condo unit can also be leased long term as an alternative if a foreigner doesn’t like to buy the property or if the foreign ownership quota in a condo development has already been met. Situated on 12 rai of land, the … We may receive compensation when you click on those links. You should consider consulting a Thai lawyer directly for issues relating to transfer of ownership though. That’s why I created this guide to buying a condo in Bangkok. These condos are more luxurious, have better facilities, and within spitting distance of department stores and busy BTS/MRT stations such as Asok and Thong Lor. Nightlife: Living away from the action might give you peace and quiet, yet it also means that you aren’t going to find a whole lot to do in Lumpini after dark. If you’re looking for a built-in expat community, then city districts might be a safer bet. Registering in Airbnb seems like a good way for room owners to make money. But considering the cost of water in Thailand is very low, it’s nothing to worry about. Other districts are typically just a brief ride on the MRT or BTS away. Real estate ownership laws in Thailand are quite strong and the government uses a computerized record system to track titles and other important documents. On the Riverside, you can find a wide range of condos from luxurious units to great entry-level condos. This means that if you are looking to buy a condo in Bangkok, you might be able to buy one that’s cheaper compared to previous years. This is a question many of our readers have asked us many times. Situated along the Chao Phraya River, this district is being revitalized by high-end developers looking to take advantage of the stunning views it offers. The fees are some of the lowest, saving you about 1,500 baht on a 30,000 baht transfer. You can find a more comprehensive list of the best condo developers in Bangkok here. There are also nearby groceries like Big C or Tesco within most areas. Entertainment: With shopping complexes like Asiatique, plenty of high-end hotels, and a number of major nightlife districts just a short trip away, you’ll find plenty to do in Bangkok’s bustling Riverside. Public Transit: Lumpini sits in the heart of Bangkok, so many main public transit arteries run through this area. Budget: Living in Sukhumvit can get expensive – even if you don’t factor in the price of real estate. Find starting prices, locations, and some photos in developers’ websites. Throughout the Thai capital, you’ll find bustling traditional markets, awe-inspiring traditional architecture, glamorous supermalls, and plenty of nightlife. An average one-bedroom condo with few amenities in Bangkok’s suburbs will generally cost about 1 million baht, or roughly $32,000, to 2.5 million baht, or roughly $80,000. You can also check out our premium subscription for a complete solution to help you get set up as an expat in Thailand. It’s also among the most popular areas for tourists in Thailand. It doesn’t cost more than a barebones room. Copyright 2019 | expatden.com | Privacy Policy, the most visited cities in the world in 2018, 75,365 new units worth of 104 billion baht in total, our complete guide to buying a condo in Thailand, schedule an appointment at a reputable private hospital, Join our Facebook group of knowledgeable Thailand expats, Recommended Way to Send Money to Thailand, Recommended Way to Send Money from Thailand, They can only buy a unit in a condominium where less than 49% of the units are owned by foreigners, The money used to buy a condo must be paid from outside of Thailand. "InvestAsian" is a registered trademark. You can use a Thai freelancer website to find an inspector. I was very interested in Muay Thai kick boxing. Juristic Person. Before signing a contract, you should carefully inspect a condo. Not everywhere in Bangkok is absurdly expensive. And you might be able to see views from at least two sides of the building. When it comes to choosing furniture, there’s no right or wrong. Some condos may entirely prohibit Airbnb while some allow it. Instead of paying over 7 million baht for a condo, you’ll pay 2 million baht for a studio unit at the Excel Lasalle 17, a low-rise condominium on the main-class segment located five minutes away from the BTS Bearing station. This exact fee will depend on the building that you choose, along with its density and quality standards. It’s a quick way to find a place to live and completely free for you. Things to take note of. If you're interested in buying a condo unit in Bangkok, this article can provide helpful tips on what to consider and what to avoid. Considering all these points, it’s likely that the condo market will boom again in the next few years. If you are looking at buying a condo in Thailand, then you are more likely to look at buying a condo in Phuket or a condo unit in Bangkok or Hua Hin. You can read more about it on our buying a condo in Thailand guide. The property market in Bangkok is always changing as more people are looking at developments on the outskirts of the city or close to the BTS or MRT stations. The cost of management fee heavily depends on these two factors: Location also affects the management fee, and condominiums within the CBD area tend to be more expensive than those in rural areas. This rather small district is located at the very heart of Bangkok’s city center just southwest of Sukhumvit along Silom Road. Is there any electrical leakage? That makes the Lumpini area remarkably safe. However, the site is only available in Thai. Most construction projects are scheduled to be completed in 2023. I invested in a freehold condominium in central Bangkok. You might want to hire a local real estate agent to help you decide on a condo. Located in the city center between Silom and Siam, Lumpini is one of Bangkok’s most exclusive – and expensive – districts to live in. Convenience: As arguably the most central district in Bangkok, nothing is truly far away from Ratchathewi. The prices of condominium units with riverside views depend on which area you are looking at. Ratchathewi is a rapidly developing, central area located directly north of Siam. There are many websites that have a full list of condos in Bangkok grouped by areas and prices. Noise: Sukhumvit is busy and bustling, which also means that you’ll likely fall asleep to the soothing sounds of the city each night. The major condominium developers in Bangkok include Ananda Development, the developer of IDEO and IDEO MOBi; Sansiri, the developer of THE BASE and THE LINE; L.P.N. This happens at no cost to you and helps me cover some of the expenses of running this website. Note that a daily and weekly rentals are considered illegal in Thailand. A loft is somewhere between a simplex and duplex. You also must deal with paperwork and bureaucracy when buying a condo in Thailand. The average price per square meter for condos in Bangkok was ฿ 8,541. This district might also be a good buy if you’re interested in reselling since it’s developing so quickly. Short-term rental services such as Airbnb are a hot topic for condo owners in Bangkok. Many condominiums charge a parking fee per month per car. Prices start at 3.9 million baht for a 32.85-sqm one bedroom condo. A studio room is a good option if you live alone. If you’re looking to live in the city center for a reasonable price, head to Ratchathewi. The BTS Green Line and Airport Rail Link go directly through here. Generally, most locals don’t use real estate agents which means it’s possible to get by without one. Students from KIS regularly graduate with an IB score above the global average and go on to study at some of the best universities in the world. Where you decide to buy a condo in Bangkok will ultimately depend on your needs, price range, and personal preferences. We would stay most of the time at Grand Sukhumvit a really nice hotel. Check out Chapter One Flow Bangpo. A number of world-class hospitals can also be found in Bangkok. They also have a team of professional real estate agents who’ll recommend which condos to buy, whether as an investment or as your residence. It's located on Sukhumvit 76, between BTS stop Bearing and Samrung. And you get all the furniture you need. Foreign individuals can buy a condo in Thailand, which is not allowed in most developing countries and other countries in Southeast Asia. Lumpini is also home to plenty of high-end shopping centers and many embassies on Wireless Road. A juristic person isn’t always from the same company as the condo developer. Prices range between 60,000 baht to 80,000 baht per square meter. It;s size usually ranges between 50–80 sqm. A duplex has two exits: one on a lower floor and another on the upper floor. Three reputable companies in the market are ATa Services, Regus and Spaces. Expats in Thailand can become a real estate agent as long as they have a work permit. To go to most destinations, you often must either take river taxis or contend with Bangkok’s notorious traffic. Despite what most English advertisements might tell you, Thai real estate agents are mostly a service geared toward foreigners. In this article, we will tell you everything you need to know before buying a condo in Bangkok, including market overview, condo developers, unit types, prices, and buying tips. Consequently, I found myself going to Bangkok once every 2 months or so for training. Some may be outsourced by the developer. Before purchasing, however, do your research, compare properties and weigh in on the pros of cons. You can even buy a condo from overseas and only need to come to Thailand to personally sort out the transfer of ownership. Safety: Although Bangkok isn’t a particularly dangerous city, Lumpini is perhaps the safest area in the city due to its proximity to major embassies, such as the US and British ones. We are the world's leading web portal if you are looking to Invest in Bangkok Property. If you plan on leasing your condo, then you can earn rental yields exceeding 5% in the right areas. As a major hub for business, Silom/Sathorn is home to plenty of wealthy Thais, expats, and visitors. You might also get an additional bathroom with this room type. Buying a Condo in Bangkok has many options. That’s because foreigners are only allowed to buy condos in Thailand. Want to enjoy riverside views everyday? Or explore the district’s various luxury spas and rooftop bars. In other words, the foreign currency must be sent to a Thai bank and they must do the currency conversion into Thai baht. As the name implies, you get two bedrooms with this room type. They might not be able to handle problems professionally. Bangkok is one of the most visited cities in the world and the world’s top travel destination, and as such, you can find everything you need in the city. Thaipod101 is a great way to learn Thai online, no matter where you are in the world. The cost of water per unit in a condominium can be higher than the cost in a house. Things To Consider When Buying A Condo In Bangkok. For instance, if you aren’t either a US or Thai citizen, you can just own up to 49% of a company as a foreigner in Thailand. There are three main ways to find condo units for sale in Bangkok. You can also create your own rental listing by uploading your condos for rent for free in two easy steps - signing in and creating a property ad. You can turn it into a working space or an additional bedroom for your kid. Mahanakorn, one of Bangkok’s tallest buildings and home to the Ritz Carlton Residences, is located in Silom district. Thailand Property also provides condos for sale in Bangkok should you like to compare availability. Being the capital of Thailand and the most visited cities in the world in 2018, Bangkok’s condo market is considerably huge. Some condominiums have a co-working space, a library, and some even have a rooftop garden, game room, jacuzzi, sky lounge, and cinema. You can also directly visit condo developers’ website, although information are surprisingly lacking compared to the aforementioned websites. A studio unit is the smallest and also the cheapest room type. The Process of Buying a Condo in Bangkok (Off Plan) When making reservation you will pay a small fee (e.g. Location in Bangkok. Feel free to get in touch. There are a wide variety of condo options to choose from here, including great entry-level picks. Because of this, condo prices in this area aren’t that much different from those in other CBDs. Purchasing a unit here costs above 600,000 baht (~US$19,000) per square meter. 30,938 condos in Bangkok are available for sale. But if you live in a condo, they may charge you 20-30 baht per unit since they need to charge for water management and maintenance fees. Other metro and BTS lines are just a few stops away as well. These information are rarely provided on other websites. On signing the agreement the buyer pays a percentage of the price (e.g. Let’s take a look at all the key areas in Bangkok. ExpatDen: Thailand Community: Join our Facebook group of knowledgeable Thailand expats to share your questions and answers and become part of the Thailand expat community. It can easily be over 220,000 baht per square meter. It’s also just a quick BTS or Grab ride away from practically all attractions in Bangkok, including major sights in Sukhumvit, Ratchathewi, and Silom. “Is it really a good idea to invest in a condo in Bangkok?”, “I have $70,000 USD with me — what kind of condo can I buy?”. Two out of three condominium buyers in Bangkok are from Southeast Asia. There are, however, many ongoing major developments such as the expansion of the airport links, MRT lines, and BTS lines. This can help determine whether the condo is up to your standards and help get issues resolved more expediently by the developer. Traffic: Although you have easy access to the BTS here, there are only so many places that you can go on the monorail. Bangkok is a huge city with numerous areas to live in. Public Transportation: Bangkok’s BTS Monorail Green Line primarily runs along Sukhumvit Road. Entertainment and Nightlife: Sukhumvit is at the heart of Bangkok’s bustling entertainment and nightlife scenes. Bangkok’s real estate market is booming. Short-term rental services such as Airbnb are a hot topic for condo owners in Bangkok. We’ve talked to them before so we know they can be trusted. The charge is for hiring security guards who protect your cars as well as for parking space maintenance. It’s located near BTS Ratchathewi, which is one BTS station away from Silom station. Leaving Ireland at 22 and traveling the world for years on end has proven to be a pretty epic journey, visiting every country in the world, all 193 countries, and enough experiences to put in 10 books. Rental income taxes in Thailand are also relatively low, and you can take plenty of deductions to lower them even further. Choosing realtors and developers can thus be difficult with so many options. So you might end up paying more to live here than in other parts of the city. Community: Silom has a solid expat community, but you’re far more likely to find business travelers or workers on temporary assignments here. A high-end, new development close to the city center might set you back substantially whereas an older development in a more local area could be surprisingly affordable. Hospital: You can schedule an appointment at a reputable private hospital in Thailand for any treatment you need. Bangkok’s financial district is home to plenty of sparkling skyscrapers filled with big-name offices and luxury condos. Number of facilities provided – More facilities mean higher maintenance costs, Number of units in the condo – More units mean more people sharing the cost. Moreover, there are thousands of real estate agents in Thailand; if you post a real estate-related inquiry on Facebook groups, you’d receive several offers from real estate agents within hours. This is mostly due to them having lots of special promotions in the Thai market. This area is named after Lumpini Park, an oasis among Bangkok’s hustle and bustle that was created by King Rama IV as a gift to the citizens of Bangkok. 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