Top Real Estate Projects in Bangkok
The property, until completion, is still in draft form. Finally, it can safely be assumed that with property, price per square meter of new developments is more costly than in resale property. Again, there is an expected wait time for the property to be complete of typically 2 to 3 years so this should be taken into account when planning for the return on investment. Thus, the developer may present the plan as soon as your deposit is made, but these plans can easily change as the project progresses unlike an already established property.
A select few condos provide a dedicated covered and often climate controlled pathway linking directly with these mass transit options. Bangkok has for some time now been a major destination and source for real estate investment from buyers who hail from all across the globe. Let’s explore these select few in the following guide to buying in Bangkok from FazWaz. Bangkok has a number of reasons it is more appealing to developers and investors such as an ever improving infrastructure, access to quality medical care, iconic scenery, and accessibility to global transportation to name a few. It is easy to see when comparing prices and rental yields in the more developed cities of Southeast Asia such as Singapore, Hong Kong, Kuala Lumpur.
An evening at a high rise rooftop restaurant, gazing at the stars and the riverboats navigating the Phra Choy river dressed in lovely lighting, one can be captivated by the glitz and glam of the city and all its modern trimmings. Another major factor that makes Bangkok a quality location to invest in is its access to the global stage. To see the sunrise over Wat Pho which was established in the 16th century, it’s easy to understand the appeal of this fair city. It’s easy to forget Bangkok is indeed an historic city with ancient architecture with a long history. To revere the old and embrace the new is a rare quality in a modern society, but Bangkok does it with perfection.
This will often take place near the start and conclusion of an off-plan project where the larger portions of financing are expected, or when a developer is attempting to encourage a new living community in a previously underperforming area through gentrification. Many developers will greatly reduce the fees and costs associated with their properties to stimulate sales. Another instance is to promote sales in the final quarter and move the company into the green after a previously bullish run on development projects. In other occasions, developers will over anticipate urbanization in a given year or tourist arrivals and there may then exist a glut in new properties. For example, in the last fiscal quarter of the year, companies are expected to show profits to their shareholders.
We have compiled the top 5 off-plan projects that we anticipate to be quite successful. Rivalries between developers, makes for an excellent buying opportunity for homeowners and investors as some of the Capital’s biggest residential builders compete with one another for an edge to make their condominium and apartment project stand apart from the pack. With the rise of these Luxury Wars, comes massive advancements in amenities, which is highly appealing and beneficial to homeowners and investors when searching for a place to live in or invest in amongst the concrete jungle, which the Big Guava can often feel like. Bangkok is always looking to develop the latest and greatest real estate projects, and with a boom in inter-developer competition, recent years have seen unprecedented levels of growth in luxury condominium and apartment projects.
