Bangkok has enormous appeal for both homebuyers and investors.
The city offers an amazing lifestyle and it consistently ranks as one of the top travel destinations in the world.
The city is a bustling business hub transforming at a fast speed and offering appealing upside potential to property buyers.
What is the average price of Condos in Bangkok?
“The average price of new condos in the central business district is approximately 251.44 thousand THB”.
A 1-bed condo in a new project typically ranges between 29-40 m2, therefore for perspective the average price is as follows:
“1-bedroom units range between 4,921,000-5,624,000 THB.”
The Bangkok Metropolis is an expansive city that occupies an estimated 1,565 square kilometers (Approx. 604 square miles). Therefore, whilst the averages above offer a good guide price, the actual cost of real estate in the city can vary greatly in different neighborhoods and 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:
These figures are relatively much higher than the Bangkok average as they factor in some of the City’s most exclusive neighborhoods and expensive projects.
What type of condo can your money buy in Bangkok?
Readers will find examples of condo projects at different price segments more useful for comparison.
Different condo developments and their locations and facilities set the price per m2.
These are some of the projects launched in the last 3 years
1. Mid-Range
Condo Name: Life Sathorn Sierra
Location (BTS/ MRT): BTS Talat Phlu
Completion Date: Q3 2022
Price: 1 Bed/ 32 m2, 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 m2, approx. 3.95 MTHB
A 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 m2 ,approx. 7.8 MTHB
A flagship project by established developer AP Thai, 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 offer residents superb sky amenities such as a 50-meter sky pool, sky bar, sky lounge and sky library.
4. Luxury
Condo Name: Noble Ploenchit
Location (BTS/ MRT): BTS Ploenchit
Completion Date: Completed
Price: 1 Bed/ 45 m2, approx. 11 MTHB
Noble Ploenchit is a 3-tower residential complex (Plus 1 commercial building) with a total of 1,444 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, bathing area and a 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 m2, 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 have access to world-class luxury facilities such as two panoramic swimming pools, a pristine riverfront jacuzzi pool, a library area and a private lounge. These facilities will be complemented by Banyan Tree’s private concierge service to cater for the residents’ convenience and comfort.
Fresh Property is a boutique real estate consultancy focusing on Central Bangkok.
Our range of services include sales, rentals and property management.
If you are looking to buy a home or an investment, you are welcome to browse our collection of resale condos and new project launches.
