Central Bangkok’s rental market is stable and every month there are constant streams of relocating Expat and Thai rental clients. This makes the Bangkok particularly attractive for investors looking for a rental condo investment.
However the fact that there is a vibrant rental market, does not automatically translate into finding tenants “immediately and easily”.
Vacancy periods can be extensively long, especially if you own the wrong condo in the wrong location!
Careful condo selection is the key to successful buy-to-let investments in Bangkok. Buy-to-let Investors are always asking us to name the most popular Condos on our Rental Database.
Without a doubt the 3 FASTEST renting condos on Fresh Property’s books are:
1. The Base Sukhumvit 77
Developer: Sansiri
Towers: 2
Floors: 29
Units: 1232
Developed by Sansiri, this Condo located on Sukhumvit Soi 77 (On Nut) offers a peaceful community lifestyle.
Perhaps its biggest appeal is the quality of its common areas and facilities. The Base 77 offers an impressive entrance, with a pleasant green space, a basketball half-court, a mini football court and a few shops (Including a 7-Eleven). It also offers an impressive pool and a fully-equipped and decently sized gym.
The Base Sukhumvit 77 Garden!
The Condos are functional and 1 Beds come in 2 Unit Types:
– 30 Sqm.
– 35 Sqm.
However probably, one of the biggest draws of the Development to renters is its affordable rental rates that are incredibly competitive even in the affordable On Nut neighborhood. At present 1 Bed Unit Types in The Base 77 rent for:
– 1 Bed/ 30 Sqm. @ 13-14,000 THB PCM
– 1 Bed/ 35 Sqm. @ 15-18,000 THB PCM
2. Ideo Mobi Sukhumvit
Developer: Ananda Development
Towers: 2
Floors: 23
Units: 940
Also located in On Nut, Ideo Mobi Sukhumvit is an incredibly popular condo for both Expat and Thai renters. Developed by Ananda, the Project’s proximity to BTS On Nut (Approx. 5 Minutes’ walk) makes it a popular rental condo for “convenience seeking” working professionals.
On top of an enviable location, Ideo Mobi Sukhumvit offers a hip and trendy living environment with good quality resident amenities. These building facilities include a sunny pool, fully-equipped gym and even a games room (Equipped with a Pool Table and Table Football); it is interesting to note that a Max Value convenience store is located on-site as a convenience bonus!
The Condo Units are well-designed and functional and the Development offers Studios at 21-22 Sqm. and 1 Beds at approx. 30 Sqm. Despite their compact size, the condo units are still affordable for renters, usually going at the following rental rates:
– Studios Types @ 12-15K
– 1 Bed Types @ 16-18K
Ideo Mobi Sukhumvit 77 Modern and Stylish
3. Wyne by Sansiri
Developer: Sansiri
Floors: 31
Units: 460
As the Condo Development’s name suggests the Project is developed by Sansiri and is located in Phra Khanong. The neighborhood is geographically closer to the CBD and is a popular residential neighborhood for commuters.
The Development offers a well-managed and peaceful living environment. Residents have access to numerous building facilities such as a pool, gym and library.
Wyne Sukhumvit Poolside
Units are well-presented with attractive and stylish interiors. The Condo offers a few 1 Bed Unit Types notably:
– 1 Bed/ 30 Sqm @ 15-20K
– 1 Bed/ 35 Sqm @ 17-22K
– 1 Bed/ 40 Sqm @ 23-25K
Stylish Condo at Wyne Sukhumvit
However the main source of Wyne’s success as a rental investment project is the relative competition in the area. Wyne with its combination of chic facilities and stylish condo units tends to be viewed as a premium lifestyle option; however its rental rates remain affordable and competitive.
This affordable luxury balance, makes it attractive compared to dated condo developments such as “Life Sukhumvit 65” and more affordable compared to luxury options such as “The Line Sukhumvit 71” and “Rhythm 44/1” (All located in Phra Khanong)!
