Thailand has a very large selection of residential properties that come in all shapes and sizes. Making it a very a very interesting real estate market.  From high-rise luxury condominiums to many low-rise and attractive buildings and well as houses.

The country has a property ownership culture, with Thais having a strong affinity to real estate, including young working professionals aspiring to own the roof over their head early in their careers.

For the most part, the Thai property ownership cycle follows a set path. First, the young working professional develops his/her career, eventually getting on the property ladder by buying a city condo in a convenient central location and close to transportation (BTS Skytrain or MRT Metro). That professional eventually decides to start a family and moves-out to the Bangkok’s suburbs and acquires a house.

This property ownership trend has allowed Bangkok’s Developers to capitalize on clearly defined market segments, either young working professionals looking for lifestyle or families looking for space.

However, the new normal brought by the Covid-19 pandemic shifted Bangkok’s real estate landscape. At the moment, Thai homebuyers have turned their attention to low-rise housing projects instead of the Capital’s high-rise buildings.

Fresh Property has experienced a growth in Thai homebuyers looking for houses. These buyers are typically looking to explore townhouse and detached house options with 2-3 bedrooms and garden space.

This trend is due to a combination of factors, including high prices of downtown high-rise condos and the increasing lack of large family-sized condo unit types. Many new projects focus on 1-2 bedroom units.

Other factors driving this shift include health-conscious buyers, wanting to escape the density living experience of condos and the work from home trend that has made professionals and young families to put greater importance on personal living space.

This shift has also been propelled the fact that many houses offer beautiful interiors, gardens and overall a comfortable living experience.

3 Examples of houses that have been listed by Fresh Property

1. Townhouse Phrom Phong Sukhumvit 39
3 Beds/ 2 Baths/ Land Size 40 Sq. Wah, 22 MTHB

This unique townhouse is located on Sukhumvit 39 in the exclusive and trendy Phrom Phong neighborhood. The property’s prime location and its sizable land plot make it very rare item and an opportunity for potential buyers.

The Phrom Phong neighborhood is a vibrant lifestyle hotspot and the property is in close proximity to the Emquartier and the Emporium luxury shopping malls. The area also offers a community environment and is packed with well-known restaurants, eateries and coffee shops.

The townhouse was designed by A49, one of Thailand’s top architectural firms, and it offers a charming and comfortable living space. It consists of a large open-plan kitchen and living area, 3 large bedrooms and 2 bathrooms. The highlight of this property is the private and serene garden area.

2. Townhouse at Areeya Mandarina Sukhumvit 77
3 Bed/ 3 Bath/ Living Space 250 m², 9.5 MTHB

This beautiful townhouse offers a natural and peaceful living environment. The property is located in Areeya Mandarina Sukhumvit 77, a housing compound by Areeya Property.

It is located on Sukhumvit 77, the up-and-coming On Nut neighborhood. The area is popular with both Thais and expats, and residents can enjoy a convenient community lifestyle. The On Nut area is relaxed and offers numerous supermarkets such as Lotus, Big C, and Tops, as well as fresh food markets and a large selection of restaurants and eateries.

The townhouse offers a very spacious 250 square meters of living space and can also be used as a home office. There are 3 bedrooms and 3 bathrooms, making it an ideal layout for families. The landlord also customized the interiors and has fitted and installed extra built-in furniture and storage space.

The residents of Areeya Mandarina Sukhumvit 77 also have access to numerous facilities including a resident’s club house and a large pool.

3. Townhouse at The Plant Exclusique
3 Bed/ 2 Baths/ Living Area 167 m², 13.5 MTHB
(Land Size 60.6 Square Wah)

The Plant Exclusique is a modern townhouse with a spacious and comfortable layout ideal for young families. The low-rise house project was developed by Pruksa Real Estate, an established listed developer.

It is located in Pattanakarn, a neighborhood that offers a pleasant residential community. Residents can connect to Pattanakarn Road, a major artery that allows people to connect to different parts of Central Bangkok.

The property offers a large living area and the owner installed full European kitchen. It has 3 large bedrooms and 2 bathrooms. And is part of a low-rise housing compound, where residents have access to many facilities including 24-hr security, a residents’ clubhouse, a large pool and a fitness centre.

Will this Bangkok Real Estate Trend Continue?

Whether this trend will continue to grow or whether it is just a temporary shift created by the new normal is not clear yet. .

However, the living experience of both houses and condos are vastly different, and appealing to different market segments and buyer profiles.

The rental investors should not be too concerned by this trend, as condo units especially in popular locations will continue to remain easier to rent and provide more attractive rental yields (Between 3-8% on average).

In a large city like Bangkok, which has a solid and dynamic real estate market, condos and houses will continue to be developed as the number of investors and homebuyers continues to increase.

Fresh Property is a full-scope and established Bangkok Real Estate Agency. We offer consultancy, sales, rental and property management services.

Buyers and renters are welcome to browse our extensive portfolio of new projects, resale properties and rental homes.

Alternatively, feel free to contact us by sending us an inquiry to [email protected].