Bangkok has enormous appeal for both homebuyers and investors!
The city offers an amazing lifestyle and it consistently ranks as one of the top global travel destinations in the world. On top of this, the city is a bustling business hub transforming at a frenetic speed and offering appealing upside potential to property buyers.
So, what is the average price of Condos in Bangkok?
According to Nexus a property consultancy in Q4 2018:
“The average price of new condos was 140,600 THB per sqm meters (PSM).”
A 1-bed condo in a new project typically ranges between 35- 40 sqm, therefore for perspective the average price is as follows:
“1-bedroom units range between 4,921,000- 5,624,000 THB.”
It is important to note that the Bangkok Metropolis is an expansive city that occupies an estimated 1,565 square kilometers (Approx. 604 square miles). Therefore, while the averages above offer a good guide price, the actual cost of real estate in the city can vary greatly in different neighborhoods and even in different projects!
For further context, CBRE Thailand publishes the average price of condo projects in Central Bangkok in its quarterly “Bangkok Residential MarketView Report”. In Q1 2019, the average price of new condos in Bangkok’s Central Business District (Sukhumvit, Silom/Sathorn and Central Lumpini) in Q1 2019, was as follows:
What type of condo can your money buy in Bangkok?
Perhaps for more context, readers will find examples of condo projects at different price segments more useful for comparison!
The examples below will follow CBRE Thailand’s price categories for condos in the city:
Also, for a fair comparison only projects launched/completed in the last 3 years will be presented.
Condo Name: Life Sathorn Sierra
Location (BTS/ MRT): BTS Talat Phlu
Completion Date: Q3 2022
Price: 1 Bed/ 32 Sqm @ approx. 3.2 MTHB
Exciting project by SET Listed AP Thai, the condo consists of 1,971 units and a total of 40 Floors and is located only 150 Meters from BTS Talat Phlu Station.
Targeting young professionals with an active lifestyle, the project offers facilities such as expansive green spaces, a jogging track, a fitness center and a large pool area.
2. Up Scale
Condo Name: Quintara Arte Sukhumvit 52
Location (BTS/ MRT): BTS On Nut
Completion Date: Q1 2021
Price: 1 Bed/ 28 Sqm @ approx. 3.95 MTHB
Residential development by Eastern Star, the condo is made-up of 154 condos and total of 8 Floors. The project is located approximately 390 meters from BTS On Nut.
Offering a sleek and stylish architecture and design concept, facilities include a co-working space, gym and pool area.
3. High End
Condo Name: The Address Siam Ratchathewi
Location (BTS/ MRT): BTS Ratchathewi
Completion Date: Q4 2022
Price: 1 Bed/ 35 Sqm @ approx. 7.8 MTHB
Flagship project by established developer AP Thai, the project is located right next to BTS Ratchathewi only 1 BTS stop from Siam shopping district. The condo development consists of 50 floors and a total of 880 units.
The Address Siam Ratchathewi will offer residents superb sky amenities such as a 50-meter skypool, sky bar, sky lounge and sky library!
Condo Name: Noble Ploenchit
Location (BTS/ MRT): BTS Ploenchit
Completion Date: Completed
Price: 1 Bed/ 45 Sqm @ approx. 11 MTHB
Noble Ploenchit is a 3-tower residential complex (Plus 1 commercial building) with a total of 1444 Units. The project offers the ultimate convenience of being connected to the BTS Skytrain Station Ploenchit.
Residents of the projects are indulged with a range of facilities such as an exclusive clubhouse, expansive pool and bathing area and fully equipped gym.
5. Super Luxury
Condo Name: Banyan Tree Residences Bangkok
Location (BTS/ MRT): BTS Krung Thon Buri
Completion Date: Completed
Price: 1 Bed/ 70 Sqm @ approx. 24 MTHB
Exclusive Banyan Tree Residences Bangkok is a branded residence, this project is located right next to the scenic and stunning Chao Phraya River. This super luxury project consists of 45 floors and a total of 133 units.
The affluent residents of this project will have access to world-class luxury facilities such as two panoramic swimming pools, a pristine riverfront jacuzzi pool, a library area and private lounge. These facilities will be complemented by Banyan Tree’s private concierge service to cater for the residents’ convenience and comfort!