Starting to study investment tips in real estate, especially condominiums, can lead to profitable opportunities if one understands the nuances of investing in rental properties. Whether searching for a condo for personal use or for rental investment, several factors must be considered, including similarities and differences in certain details such as location potential, transportation convenience, and land price per square meter. If buying for rental purposes, one must also consider the target tenant group and the area's amenities. So, what are the similarities and differences between buying for personal use and buying for rental? Let's find out!

1. Understand the potential of the location: Choose a developed area with growth opportunities (Bearing, Samrong – a new area that cannot be overlooked)

          Developers are actively seeking locations along the subway lines to meet the needs of urban workers, and condominiums near these lines are often the first choice for those looking to buy for personal use or for investors seeking profit. However, residential properties near subway lines in the city center tend to be expensive. Therefore, we are currently hearing about locations in East Bangkok, particularly the end of Sukhumvit, Bearing, and Samrong, which have potential for expansion and growth, catering to the needs of urban workers and those in the Samut Prakan area.

          What is the advantage of this location? The answer lies in the expansion of the green line subway, which connects to major business centers in Sukhumvit, Ploenchit, Silom, and the Siam shopping district (the Samrong station is currently operational). This allows urban workers to travel to the city center quickly, reaching Siam in less than 30 minutes. Additionally, the Samrong station connects to the yellow line subway, linking Ladprao-Bang Kapi-Srinakarin-Theparak-Samrong, which is an important residential area in Bangkok.

          It can be said that Bearing and Samrong are new areas that cannot be overlooked as they are developed with complete public utilities and services, including Samrong Market, Imperial Samrong Shopping Center, and BITEC Exhibition Center, along with the Bangkok Mall project, a large shopping center developed on over 100 rai of land by The Mall Group.

2. Choose a condo at a reasonable price: Comfortable to live in and easy to rent out

          An important factor in project development is the land cost in the area. In the case of the end of Sukhumvit, Bearing, and Samrong, land prices are still manageable, making condominiums in this area affordable. This allows the selling price of condos in this area to remain within reach for potential buyers.

          According to research by Knight Frank Thailand, the average selling price of condominiums in the end of Sukhumvit currently stands at 78,157 THB/sq.m., with an average annual growth rate of up to 7%. This is due to the construction of the extended green line subway, and it is expected that the selling price of condominiums in this area will rise further between 2018-2020 when the extended green line is fully operational in 2020. Being a savvy investor during this period will create future advantages as the city expands.


3. When choosing a condo for rent, know your target tenant group

          This is the difference between choosing a condo for personal use and for rental. When choosing for personal use, you don't need to consider this factor much; you focus on your own needs. However, for investment purposes, whether to sell or rent for long-term profit, selecting a condo near job sources is crucial. It’s necessary to survey the location to ensure it meets the needs of potential tenants. Some people survey the traffic congestion during rush hours to determine who the potential tenants might be: salaried employees, factory workers, or executives.

          For example, choosing a condo in the Samrong area, which has become a central hub connecting commerce and industry, is ideal for living. Originally, this area was home to factory workers and traditional communities. With the rise of numerous condominiums, the demographic has diversified. Therefore, purchasing a condominium for rental in Samrong covers a wide range of potential tenants, including university students, employees in shopping malls, hospitals, or factories in Samrong and Bang Na. Even workers from Sukhumvit can afford to own a condo here at a more manageable price than renting expensive apartments in the city center.

4. Choose a fully equipped unit

          For those with a budget of around a million THB, selecting a condo that offers various benefits, such as transfer fees, common area fees, and fully fitted units, is ideal for those buying for personal use, especially for those with a knack for design or home decoration. Alternatively, choosing a Fully Furnished option, where some projects provide complete furnishings ready for immediate occupancy, is convenient and perfect for those looking to invest, especially for rental purposes, as they can rent it out immediately. The key factor in choosing either type is the quality of the materials and furniture provided by the project.
Thus, selecting a condo for rental can be easier or more challenging depending on various factors. Besides a good location with growth potential, the price per square meter should not exceed the average for each area, and the tenant demographic should be diverse. A well-decorated unit ready for occupancy has a higher chance of being rented out quickly.

Green Line Extension Zone

What condos are worth living in and investing in?

          In the green line subway zone, from Samrong station to Samut Prakan, several condo projects are currently on sale, with attractive prices for both living and investment. One standout project is “CABANA Samrong – Interchange” by Origin Property, which has a clear vision of meeting all needs, whether for personal use or rental investment, with good profit potential. The price per square meter is between 50,000-60,000 THB, lower than the average in this area.

          Origin believes that the Samrong location is a future hub, making it a central community area. The CABANA Samrong – Interchange project is conveniently located near the Imperial Samrong shopping center, allowing easy access to the Sky Walk to the BTS Samrong station. This location is not isolated and is well-equipped with amenities, including shops and restaurants, and is close to hospitals. Additionally, there is a yellow line subway station (Ladprao-Samrong) in front, making transportation very convenient with multiple access routes, close to expressways and industrial rings.

          If you are currently renting an apartment in this area, you can easily upgrade to ownership with a little extra money. For condos priced around a million THB, this project is a worthwhile investment for both personal use and rental. This project is particularly suitable for rental investment, especially the 1 Bedroom Type B Plus units of 34.0-35.5 square meters, which are currently offering a fantastic promotion: starting at 1.79 million THB, providing ample living space.

Free! Furniture with all built-in items, air conditioning + complete electrical appliances, over 20 items.

Free! All expenses on the transfer date.

For more details, contact the Call Center at 02-0300-000.

Project website: https://bit.ly/2NJ2iB3

Or call 061-405-9071