Buying real estate in Bangkok as in many major cities, is often the most lucrative when done as close the city center as possible, as the old saying goes – ‘all roads lead to Rome’ – the city center will almost certainly remain the most popular, busy and in demand area of any major city.
Therefore buying a property in near Siam square or buying real estate near the Asoke junction is an almost guaranteed way to rent out your property 12 months a year or to gain from capital appreciation over time and when the property is eventually sold.
Of course buying real estate in Bangkok’s city center often means that detached houses and townhouses are either not available or out of most Bangkok investors budgets as the prices are so high with the lack of land available to build Bangkok condos and apartments on. Therefore between the BTS stations from Siam square to Ekamai, there are almost no new Bangkok townhouses or detached housing projects in which to invest and condos are the favored choice of both the Bangkok developers and investors alike.
In Chit Lom, just one stop from Siam square the condos and apartments are generally high-end and command high rental prices and good capital appreciation. Like in any prime location in any major city center, it initially costs more to invest in real estate in Chit Lom than it does in other areas of Bangkok, however given the level of demand for the location, the investment will indeed pay-off.
|One example of the level and style of the condos in the Chit lom area is The Address Chit Lomcondo. A beautifully designed condominium in the art-deco style, The Address Chit Lomis a well built condominium with excellent fixtures and fittings, in fact it is one of the few condos in Bangkok to feature double-glazed windows.
With a large swimming pool, excellent facilities and good security, The Address Chit Lom can offer a luxurious alternative to anyone looking for a Studio – 3 bedroom condo to rent in Chit Lom. The returns in such a condo are also good, with 5-6% to be expected on condos that were bought off-plan, and even 4-5% being achieved today. Of course the Bangkok real estate investor may look at the fact these returns are slightly down on the rental returns on other properties we have viewed in previous articles in this series, http://www.easyhomes.tv/blog/investing-in-bangkok-real-estate-apartments-and-condos-pt-4/ ,but this is largely balanced out with the capital appreciation that is enjoyed by investors in these properties.
Moving further along the BTS line away from Siam square are condos found at another centralized area of Bangkok, Asoke. Asoke junction is not just where Sukhumvit road meets Asoke road, but also where the BTS line meets the MRT line at Asoke BTS station
and Sukhumvit MRT station. This really is an important and busy central cross-road of Bangkok. There are of course some great condos in Asoke in which to invest, one of the best is The Wind 23condominium, also called The Wind Asoke
|These well appointed, excellently designed and stylish bright condos offer both luxury and reasonable prices for both the Bangkok real estate investor and the tenants. The Wind 23condominium contains 1 bedroom, 2 bedrooms, 3 bedrooms and Penthouse units, with an infinity pool, fitness center, basketball court, playground and car-park. Investors can expect between 6-7% returns and with the Asoke junction only a few minutes’ walk away renting a condo in Asoke is always popular and renting a condo in The Wind 23Asoke is one of the most desirable choices in the area.
|Moving further down the BTS track we find many more high-end Bangkok condos in which to invest. it you are looking to buy high-end real estate in Thonglor, only 2 stops on the BTS from Asoke, then The Quattro condominium is a great property in which to invest. Investing in the Quattro condominium is like investing in a Mercedes or a Jaguar car, it oozes luxury, and style. At the Quattro condominium each floor has its own private butler, and the building has a fleet of limousines and drivers which residents can use any time they want. Renting at the Quattro Thongloris like taking an extended stay at a 5 star hotel. Investing in the Quattro Thonglor, may not yield the biggest rental returns at 4-5%, but the capital appreciation more than outweighs these figures.
|Of course with the numbers of high-end and luxury condos on the market we could analyze and praise or almost any of the dozens on fabulous condominiums that run along Sukhumvit road. However we will mention one more excellent condominium that opened its doors just last August. The Aequa condominium is an excellently styled condominium with not only swimming pools and fitness centers, but also bbq areas, and a Jacuzzi on the roof.
Very popular with Japanese renters The Aequa is both in high-demand and commands high rentals. Investing in The Aequa condominium will deliver 5-6% returns, but like the Quattro Thonglor
the capital appreciation of The Aequa looks set to be high.