Why is Silom-Sathorn a Condo Investment Magnet?

Silom-Sathorn’s potential as a Condo investment hotspot was recently highlighted by a Plus Property Consultancy report. Being the established section of Bangkok’s Central Business District, the findings of the report came as no surprise to property professionals in the Capital.

According to Plus Property, Projects in the neighborhood offers condo investors 5% Rental Yield and have appreciated at the rate of 7% per anum over the past 5 Years. Interestingly, the consultancy also reported that new condo launches were fetching prices of between 200-300,000 baht per square meters. This trend, is predicted to inevitably continue to have a knock-on effect on the prices of second hand projects in Silom-Sathorn in the coming years.

Chong Nonsi Office Towers

The causes of this uptrend, are the result of a variety of factors; however one of the main contributors is the steadily declining availability of developable land plots in area. This is putting pressure on land prices and resulting in more expensive developments. This restrictive supply of land, is also adding value and highlighting the stock of completed Condos in the area.

This restricted supply of new launches, is also complemented by the fact that Silom-Sathorn offers one of the most desirable and appealing lifestyles in Bangkok!

It is important to note that Silom-Sathorn has established its status as the Capital’s dominant business district. It houses a variety of financial institutions (Such as banks, investment funds and insurance firms) and national/international companies operating in a broad range of industries. It many ways it can be compared to Hong Kong’s “Central” or London’s “City”.

MahaNakhon located in Sathorn!

Big businesses and commerce, inevitably spawns a community of local restaurants, eateries and coffee shops catering to the office workers and local resident. Silom-Sathorn offers an unparalleled lifestyle offering an incredibly diverse dining, night life and leisure scene. Some of the best restaurants and bars are located in the area making it one of the most popular leisure hotspots in the capital. On top of this, the area offers a family friendly environment, with Lumpini Park (Located in close proximity to Silom), a range of malls and good schools.

Bustling and Vibrant Silom!

Finally, on a geographical standpoint, the area offers convenient access to Mass Transit with a BTS/MRT Interchange (BTS Saladaeng and MRT Silom) servicing the area. Road users can also connect to different commercial and leisure areas of the Capital notably Wireless/ Ploenchit and Sukhumvit.

A recurring theme in Bangkok’s rapid urban development: Is the areas that offer balanced mix of work and leisure tend to inevitably surge in demand and outperform. Silom-Sathorn manages this mix perfectly, blending its commercial elements with a pleasant and desirable lifestyle!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

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!

The Team is always excited to hear from our readers via info@freshbangkok.com

Could PropTech Fix the Real Issues of Thailand’s Real Estate Industry?

Industry transforming technologies from Crypto, Blockchain, AI and Big Data are changing industries and disrupting the way we do business. Thailand, with its rapid internet penetration rate and high social media adoption is strategically placed socially, geographically and economically to benefit from these advances in technology! Despite this momentum, the Thai PropTech scene can often feel like the “unloved child”…Read More

5 Breathtaking Bangkok Riverside Residences

Following the grandiose and glitzy launch of “Icon Siam”, dubbed Bangkok’s most luxurious (…and expensive) mixed-use luxury mall; the Bangkok Riverside lifestyle has been propelled into the spotlight, attaining new levels of hype and appeal! Brimming with culture and history, the banks of the Chao Phraya has maintained its majestic and nostalgic retro-chic environment. Traditionally the riverside, attracted old-fashioned and…Read More

3 Economic Factors Disrupting Bangkok Property in 2019

New Year, new start! …Despite the celebratory optimism that usually accompanies the start of a new year, property investors will have to grapple with some new realities in 2019! Market conditions have shifted, especially when compared to last year early-2018; with headwinds and volatility in the horizon, smart money will need to tread carefully. Knowledge is power, especially in Bangkok’s…Read More