Exploring the Rental Yields of Second-Hand Condos Near Universities

                Currently, renting out condos has become a popular investment choice due to the attractive returns that can provide a steady income for investors. Understanding the market demand in specific locations is crucial, and when it comes to areas with consistent demand from tenants, "condos near universities" are certainly at the forefront.

                Today, TerraBKK will take you through the condo market near walkable universities, which not only have tenants throughout the year (except during school breaks) but also offer interesting rental yields. We will highlight four locations near major universities.

                Chulalongkorn University is located in the heart of the city, with comprehensive transportation options including BTS and MRT. It is surrounded by shopping centers like Siam Paragon, Samyan Mitrtown, and numerous restaurants. Additionally, there are several schools in the area, including Triam Udom Suksa School, Chulalongkorn Demonstration School, and the Demonstration School of Srinakharinwirot University, indicating a significant demand for buying/renting condos in this zone.

                Most rental condos in this area are small units, typically studios and 1-bedroom apartments, with rental prices ranging from 18,000 to 30,000 THB per month. When looking at the investment yield, it is found that in this area, the rental yield is around 4-6% per year, which is quite high. Condo prices range from 3 to 7 million THB, with a price per square meter between 130,000 and 200,000 THB. The price for second-hand sales is between 150,000 and 250,000 THB/sqm.

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                Srinakharinwirot University Prasanmit is located in the heart of the city in the Asoke area. The transportation is convenient with the MRT, and there are several office buildings and job opportunities nearby, making the condo market in this area attractive for both renting and buying/selling. Condos in this area are priced around 3-6 million THB, with a rental yield of 5-7% per year. The rental yield is quite high due to the presence of older condo projects (5-10 years) that are still in good condition and have many students renting because of their proximity to the university. New projects completed within the last 2-5 years also offer good returns of about 4-5% per year, with most rentals being 1-bedroom units.

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                Kasetsart University has become a university connected to the green line of the BTS. The potential from the development of the BTS has led to a surge of condos popping up along the train line and around the station. Condo prices in this area are around 2-3.5 million THB, which is quite affordable, especially since it is right next to the Kasetsart University station, providing easy access to the city. Additionally, there is a private university, Sripatum University, located next to the Bang Bua BTS station. The rental yield in this area is quite high, with yields around 5-8% per year. Even though there are many dormitories in this area, there is still considerable demand for renting condos due to the superior amenities and attractive room decor.

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                Thammasat University is located in an area that, while outside the city, continues to see new condos being launched as students increasingly choose to live in condos for safety and better amenities compared to dormitories. Although rental prices are higher, they are considered worth it. The rental yield is around 7-9% per year, which is significantly higher than areas near universities in the city due to the more challenging transportation to this university. Students are thus compelled to find dorms or condos to live in, explaining the higher demand around Thammasat compared to universities in the city. Rental prices range from 6,000 to 10,000 THB, comparable to off-campus dormitory rents, and with condo prices around 1-2 million THB or approximately 50,000-60,000 THB per square meter, the rental income can cover the condo mortgage. After four years of study, it may be possible to rent out or sell for profit. However, the resale prices for second-hand condos are around 50,000-70,000 THB per square meter, not much different from new condo prices, making rental investment more suitable than resale in this area.

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Find rental second-hand condos near Thammasat University >> Link