Buying New Condos Priced Only 1-3 Million in Bangkok?

Property Agencies throughout Bangkok are often contacted by Buyers looking for new projects between 1 to 3 Million Baht.

Yet, anyone familiar with Bangkok’s property market will know that, condos priced at this affordable range has become increasingly rare and elusive. Urbanization, development and gentrification of the Capital, has relentlessly pushed prices upwards!

Is it still possible to find affordable 1 to 3 Million Baht Condos in Bangkok?

 

 

Yes, it is still possible!

Affordable projects are still being launched and marketed (… But buyers will need to compromise a bit)!


What’s the compromise?

In most cases, this compromise comes in the form of “less-central locations”.
Buyers will need to be adventurous and willing to explore new and up-and-coming neighborhoods.

With low-cost projects either located in peripheral (Non-CBD) locations or residences located a distance away from mass transit (BTS Skytrain/ MRT Underground) stations.

Provided buyers are willing to adjust, these new projects offer great quality concepts, amenities and lifestyles.

Let’s explore examples of Projects with starting prices between 1- 3 Million Baht:

1. Unio Sukhumvit 72 Phase 2

Starting Price: Starting 1.75 Million Baht
Completion: Q2 2019
Closest BTS/MRT: Bearing (600m)
Number of Units: 992 (5 Buildings)
Floors: 8 (Per/ Building)

 

 

Unio Sukhumvit 72 by Ananda Development offers a vibrant and “cool” residential community. The project offers residential privacy with a balance of style and comfort; residents have access to several facilities such as an Entertainment Social Club, swimming pool and lush green spaces.

Located in the Bearing neighborhood in Outer Sukhumvit, the area is still a relatively new residential location. However, the Project remains conveniently located only 600m from the BTS and offering good travel times to Central Bangkok.

2. Aspire Asoke Ratchada

Starting Price: 2.2 Million Baht
Completion: 2020
Closest BTS/MRT: Rama IX (2.2 Km)
Number of Units: 1025 (6 Buildings)
Floors: 8 (Per/ Building)

 

 

Aspire Asoke Ratchada offers a classy and colonial-chic design, offering a trendy, eclectic and vibrant lifestyle. The condo will offer a residential community, with a range of communal amenities such as a Pop Co-Creation Space (Co-working Area), Glass & Sky Terrace, lap pool and greenspaces.

 

 

Despite it’s distance from the MRT, the project is located in the Rama 9- Ratchada neighborhood. Working professionals will be able to conveniently travel to several parts of Bangkok’s Central Business District especially Rama 9 an important commercial and business center.

3. Life Sathorn Sierra

Starting Price: 2.7 Million Baht
Completion: Q3 2022
Closest BTS/MRT: Talat Phlu (150m)
Number of Units: 1971
Floors: 40

 

 

This trendy, modern and entry-level project is geared toward active working professionals just starting their professional careers. Therefore, the condo’s extensive range of dynamic amenities aim to appeal to this target market, with facilities such as “Forest Park”, jogging track, football court and 100m pool.

 

 

The Project is located only 150 meters from Talat Phlu BTS Station, that will allow its future residents to commute to the Silom-Sathorn business district within 15minutes.

This is definitely not an exhaustive list of new launches….

Are you looking for a Bangkok property investment or a home?
Fresh Property offers a wide selection of resale condos and off-plan projects!

You are welcome to browse our selection of resale units on the secondary market, new off-plan launches, or simply send us an email on info@freshbangkok.com.

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Fresh Editorial

The Editorial Team is made up of Property Professionals with years of experience in the Bangkok Property Industry. Articles and reports are drafted using first-hand experience and local expertise!

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