Bangkok’s Resale Condo Market On The Rise: Best Areas to Invest
Resale condos in Bangkok have begun to get more attention from the buyers. One of the notable factors is that they’re lots cheaper than off-plan projects, so the second-hand condos effectively respond to buyers’ demand for a living. Besides, they are completed which mean buyers will have the chance to see their new rooms, project layouts, and décors instead of imagining or looking at brochures. Accordingly, buying second-hand condos allows buyers to stay or invest right after they own it.
Though it’s a good sign for the resale condo market, location still has a substantial impact on the success of your real estate investment. Today, we have gathered numerous areas which tend to attract market demand as well as producing a capital gain out of a resale.
Rama IX - Ratchadapisek
We might have some idea about the Central Business Districts of Bangkok which include the like of Sathorn/Silom, Chitlom-Pleonchit and Early-Sukhumvit. However, it’s Rama IX that’s been recently recognized as the new CBD. A number of urban facilities accompanied by the MRT Blue Line and Orange Line make the area one of a kind every aspect of living.
In these past years, Ari-Phahonyothin has changed drastically and attracted many people with its perfect combination between working and leisure amenities. Whether they be workplaces, lifestyle malls, trendy cafes, and co-working spaces, everything is all included to fulfill the needs of residents who seek convenience while wanting to live close to their offices. Encircled by the BTS Green Line and the main road, Ari-Phahonyothin will surely attune the right balance between work and life.
Shortly, Bang Sue will become a transportation center in Bangkok as it’s an interchange to the MRT Blue Line and MRT Purple Line. Also, the government has planned to develop the high-speed Thai-Chinese train here which will transform the area into Southeast Asia’s hub of transportation; it will connect Bangkok to other parts of Thailand, Laos, Malaysia, and China. In other words, Bang Sue will be developed into a new metropolis with a skyrocketing demand and investment yield in no time.
Most renowned for its exquisite cuisine, chic lifestyle, and vivid nightlife; there is no doubt Thong Lo-Ekamai is one of the hippest and liveliest areas in Bangkok. Situated at the heart of Sukhumvit, it’s a strategic location for business and high-end recreational activities which make the neighborhood the top rich area in Bangkok. Thonglo-Ekamai has been attracting interests from both locals and foreigners for tourism, investment, and residential purposes.
Acclaimed to be one of the most developed regions in Bangkok, Asoke has risen to be the center of Sukhumvit with more than 500 high-profile corporations competing with one another. It’s also the primary transportation center of Bangkok being an interchange to the BTS Green Line and the MRT Blue Line, not to mention the Airport Rail Link to Suvarnabhumi Airport. This excellent combination allows commuters to access all corners of Bangkok without the hassle.
Surrounded with fast-paced development along with modern infrastructure, the neighborhood hosts Ramkhamhaeng Hospital and a vast selection of shopping destinations like The Mall Bangkapi, Tesco Lotus Bangkapi, Makro Ladprao, Tawanna and much more. Moreover, the area hosts three transportation methods including the MRT Orange Line, Main Roads, and Waterway. These will elevate the quality of life and open up plenty of opportunities. However, Ramkhamhaeng remains peaceful and manageable as it’s not too crowded. Thus, the area is fit for anyone who is looking for a comfortable yet accessible place to live as well as a long-term profit.
Chareon Krung-Chao Phraya Riverside
Presently, areas alongside the Chao Phraya River have still sustained its beauty and prosperity. The river divides Bangkok into two zones, Thonburi and Ayutthaya anchored by Charoen Krung Road. The road acts as a core passageway connecting the riverside and several piers to Silom-Sathorn CBD and many other areas. The perk of living in Charoen Krung is that all the beautiful sceneries and serenity of traditional lifestyle will be yours. These impressive sights attract lots of residential demand from tourists especially foreigners.
Silom/Sathorn is the most dynamic spot for office workers and houses a variety of high-end residences. This major CBD embraces all forms of high-end amenities such as office buildings, shopping complexes, urban parks, etc. The area enjoys sustainable growth as more and more business people are coming to pursue their dreams and successes. As the demand for Silom/Sathon is sky-high while the supply is limited, property prices in Silom/Sathorn have continued to rise by up to 20% on average every year.
Ratchathewi-Phayathai is a smart residential district connecting to many strategic locations such as Victory Monument, Pratu Nam, and Siam. The area hosts an interchange between the BTS Skytrain and Airport Rail Link while sitting next to Petchaburi and Phayathai Road. Various choices of transports allow the occupants to access the business zones like Lumphini and Silom without the hassle. Like most of the flourishing neighborhoods, modern facilities and government buildings are fully supported here. Hence, it’s not only a transport linkage to other areas but indeed a great place to settle.
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