“Is buying cheaper than renting really possible?” Anyone looking for a condominium to live in would likely want to know the answer to this question. At the same time, investing in rental condominiums is a viable way to generate passive income, providing monthly revenue. The benefits include not only collecting rental income but also the opportunity to sell for a profit from the price difference of the condominium, or to hold onto the condominium as an inheritance for future generations. For new investors considering investing in rental condominiums or wanting to live in one but unsure where to start, don’t wait any longer. Here are the details.

           Investing in a condominium requires knowledge in four areas: tenant characteristics, amenities, market rental rates, and investment returns. Learning the theory is pointless if it’s not applied in practice. This time, we will highlight the condominium The Campus iCondo Salaya 2 from Property Perfect, a smart condominium project, The Campus 4.0, located near renowned educational institutions in Salaya. Can it truly be the answer to the question of whether “buying is cheaper than renting”?

Who is The Campus iCondo Salaya 2 suitable for?

           The Campus iCondo Salaya 2 is situated in a prominent educational area within a 2-kilometer radius, including schools and universities such as Mahidol Wittayanusorn School, Mahidol University International Demonstration School, Rajamangala University of Technology Rattanakosin, and most notably, Mahidol University Salaya. In summary, this project is ideal for students looking for a condominium to live in, while also being suitable for investors looking to rent to student tenants.

What conveniences does it offer?

           Buying a condominium in a good location should be surrounded by complete amenities. The answer is The Campus iCondo Salaya 2, which includes shopping venues such as Lotus Salaya, The Salaya Mall, Brio Shopping Mall, and Makro Salaya, among others. Hospitals like Salaya Hospital, Phutthamonthon Hospital, and the Kanchanaphisek Medical Center at Mahidol University are also nearby. Additionally, the project is located between two main roads, Borommaratchachonnani Road and Rural Road No. 4006, providing convenient access to other major roads such as Phutthamonthon Road and Phetkasem Road. Furthermore, Salaya is included in the government investment plan for the light red line electric train project (Siriraj-Salaya), spanning over 18.5 kilometers with an investment budget of over 19 billion baht, currently under consideration by the National Economic and Social Development Council before being proposed to the Cabinet. This plan is expected to be a significant factor in enhancing the potential of the Salaya area in the future.

What are the rental rates in Salaya?

           Before determining whether this condominium truly meets the criteria of “buying cheaper than renting,” it’s essential to know the rental rates of nearby apartments. It was found that there are over 50 apartments for rent around Mahidol University Salaya, divided into two main rental price ranges: 4,000-6,000 baht per month for rooms not exceeding 30 square meters and 6,000-9,000 baht per month for rooms sized 30 square meters and above. Although the rental prices are higher, many projects are well-received, with full occupancy due to strategies that enhance amenities such as swimming pools, fitness centers, and shuttle services to the university. Additionally, The Campus iCondo Salaya 1 can be rented out for 7,000-9,000 baht per month. Therefore, for investors in rental condominiums, it is likely that The Campus iCondo Salaya 2, with room sizes of 30 and 36 square meters and project amenities, can also be rented for 7,000-9,000 baht per month.

“Buying is cheaper than renting” is indeed possible at The Campus iCondo Salaya 2

           The basic calculation principle for estimating monthly mortgage payments when borrowing from a bank to purchase real estate is 7,000 baht per million. This means borrowing 1 million baht results in a monthly payment of 7,000 baht. However, for The Campus iCondo Salaya 2, a better offer is available:

“Promotion: Pay 2,000 baht/month for every million borrowed for 2 years”
(Thanachart Bank, Kasikorn Bank, and Government Savings Bank)
Thus, you can pay 3,180 baht per month since the starting price is 1,590,000 baht.”

“Buying is cheaper than renting”

           “Buying is cheaper than renting” is the goal for those looking to buy for actual residence, such as parents wanting to purchase a condominium for their children in school. Therefore, investing in The Campus iCondo Salaya 2 meets this need due to the benefits of the bank's promotion of only 3,180 baht per month, while similar apartments require rental payments of 6,000-9,000 baht per month, thus justifying the claim of “buying is cheaper than renting.”

“Rent is higher than mortgage payments”

         “Rent is higher than mortgage payments” is the goal of condominium investors. If investing in The Campus iCondo Salaya 2 with the aforementioned bank promotion, it will undoubtedly meet this criterion for 2 years. Additionally, investors can expect the highest rental yield of 6.8% per year.

           In the best-case scenario, a condominium priced at 1,590,000 baht can be rented for up to 9,000 baht per month. Assuming full occupancy throughout the year, the total rental income would be 108,000 baht per year, resulting in a rental yield of 6.8% per year (=108,000/1,590,000), which is quite good. However, the actual rental yield that investors will receive depends on various factors, including internal factors (property management capabilities) and other external factors.

          The Campus iCondo Salaya 2 is another interesting project, with its overall location, convenience for living, and the benefits of the promotional bank loan making this investment viable for both living in a condominium under the concept of “buying is cheaper than renting” and for investing in rental condominiums to accommodate students in the Salaya area with a maximum rental yield of 6.8% per year.

          Finally, for those interested in The Campus iCondo Salaya 2, live stylishly with the smart condominium The Campus 4.0, along with promotional offers such as free complete furniture, free air conditioning, free transfer, and free mortgage registration, with payments of 2,000 baht/month for 2 years, all starting at 1,590,000 baht. For more information, please visit http://www.pf.co.th/lX4ovg

Thank you for the information from www.pf.co.th