Where are Condominiums in Bangkok Priced Below 80,000 Baht/Sq.m.?

Apr 04, 2019 | view 29,127

Where are Condominiums in Bangkok Priced Below 80,000 Baht/Sq.m.?

The situation regarding the launch of new condominium projects from 2018 to the present (Q1/2020) has been analyzed by the application “TERRABYTE,” which helps developers access housing market analysis data more easily. This time, TerraBKK has delved into the data to find the answer to the pressing question: Where are Condominiums in Bangkok Priced Below 80,000 Baht/Sq.m.?

According to data from TERRABYTE, there are over 39 condominium projects totaling 19,597 units priced between 60,000 and 80,000 Baht per square meter from 2018 to the present (Q1/2020). The majority of these are located in the outskirts of Bangkok, particularly in Samut Prakan, which accounts for 19.4% of the market. The top five areas in Bangkok are:

Chaeng Watthana-Don Mueang-Ladprao: 11.7%
Ladprao-Ramkhamhaeng-Bang Kapi: 10.6%
Pinklao-Taling Chan-Phra Ram 7: 9.8%
Kalpaphruek-Ekkachai: 7.8%
On Nut-Srinakarin-Bang Na: 4.9%

It can be seen that most of these are located in the outer areas of Bangkok, which are expected to support the future expansion of various subway lines. This presents a great opportunity to own a condominium. It is believed that the price of condominiums will definitely increase in the future. It is recommended to carefully consider detailed project information before making any purchasing decisions.

Is it possible that condominiums in Bangkok priced between 60,000 and 80,000 Baht/Sq.m. could be located in the CBD of Bangkok? According to data from TERRABYTE, there are 7 condominium projects in the Ratchada-Ladprao-Huai Khwang area, which is considered the new CBD for Bangkok residents, making it a highly sought-after location.

The appeal of each project can be checked as follows:

You should now have the answer from TERRABYTE regarding where to find condominiums in Bangkok priced below 80,000 Baht/Sq.m. Given the current demand for housing in Bangkok, it is hard to deny that condominiums are replacing traditional housing options at price points accessible to working individuals. It is clear that available land for development in Bangkok is decreasing daily, so it is not surprising to see condominium prices rise in the future, possibly making it difficult to find options priced below 80,000 Baht per square meter. ---TerraBKK