Buying Condos in Bangkok: a Complete Guide
Still, you have plenty of options for long-term investments, especially if you target condos being built close to the upcoming new BTS lines. We also provide information about projects, developers, real estate agencies and other relevant companies in Asia. Disclaimer: The content on this website is provided for general information about buying property in Asia, developments, agencies, regulations, taxes, and other related topics. At the same time, buying in central areas is affordable when comparing with places like Hong Kong and Singapore. We are not an estate agent or salesperson. We never provide legal advice and financial advice of any sort. Disclaimer: We don’t offer any kind of insurance – supplemental resources – or compensation, due to losses caused by the agency, developer, banks, government or any other party that may be involved in the buying process. We are not an estate agent or salesperson. We do make mistakes from time to time. Want to buy property in Thailand? However, we don’t guarantee that we keep the content up to date or that it’s free from error.
Life is convenient and you can find good health care with low costs and plenty of international schools. Thus, Bangkok is a great location for families and retirees. The tourism industry has been active for decades here and the service sector is well-developed. Places like Ho Chi Minh City and Manila still have a couple of miles to go to reach Bangkok standards. International companies have outsourced manufacturing (low-tech) and assembly operations (high-tech) to Bangkok and its surrounding areas.
Walking long distances is not preferred as you need to criss-cross between electrical cabinets, bus stops, and street vendors on the pavements. As mentioned, Sathorn and the Riverside become increasingly popular, at the same time as you have plenty of investment opportunities close to the new BTS lines in fringe areas. Thus, buying condos close to BTS stations between the stations of On-Nut to Asoke is a good option, as people prefer convenience.
You can also check our separate article that lists condos for sale in Bangkok. Your estate agent should have contacts with lawyers and handle the communication. You generally don’t need to hire a separate lawyer when buying condos. This will assure they have an in-depth knowledge of the market at the same time as they understand your problems and needs as a foreign buyer. Most of the firms have a mix of Thai nationals and foreigners in the management, which is good. Some foreigners need to find property management companies to take care of their properties.
Foreigners prefer to buy condos close to the central BTS stations that follow the Sukhumvit road. Simply put, most commercial activity can be found here, after if Sathorn-Siam and the Riverside become increasingly popular. Keep in mind that traffic planning is bad in Bangkok where the central areas tend to be congested, especially during rush hours. Sukhumvit Road is the spine of Bangkok’s communication system. You most often start from any of the BTS stations and proceed to any of the bars, malls, hotels, or restaurants close to the BTS. To many people’s surprise, Sukhumvit road stretches all the way to Cambodia. In Bangkok, its prime location starts at one of the main BTS stations, referred to as “Sukhumvit”, or more often “Asoke”.
However, these projects are primarily built for locals and where prices remain low. Asoke is one of the main junction points and hosts many high-end hotels like Pullman and Sheraton. Asoke also has a less touristy feeling compared to Siam where you see travelers in thousands cramping into MBK to buy cheap electronics and other gadgets. If you plan to rent out your apartment, you’ll be able to find expats who prefer to reside in areas around Asoke, like Thong Lor, Phrom Phong, Ekkamai, and Phra Khanong. There are plenty of high-end diners to cozy cafés located just next to small streets and alleys. An outspoken benefit of living around Asoke, compared to Siam station, is that you can find many bars, restaurants, and cafes.
