Location is Key!
When buying real estate in Bangkok, or any other major city, the number one deliberation has to be that of location! The importance of locality is not something that should be underestimated when considering any property purchase anywhere in the city.
Smart investing is done with the head, not with the heart. When it comes to the Thai capital, the best real estate investments are to be found within close distance of either the BTS or MRT stations.
Bangkok can be an incredibly tough city to navigate for anyone residing away from the Skytrain or Metro lines. Savvy investors know that the only way to get a decent return on their investment is to purchase property that is closest to the city’s Mass Transit System.
Investing in Bangkok’s Southern Districts
If you are looking to purchase real estate in the southern area of Bangkok, then you will no doubt be checking out properties in the Silom and or Sathorn part of the capital. The Sathorn area is also known as the Central Business District of Bangkok, or CBD.
Silom Road is blessed with a BTS/MRT intersection, connecting stations Sala Daeng (BTS) to Silom (MRT) by a footbridge. Purchasing real estate in these areas is a smart move, but the shortage of land means that property prices are not cheap; something which is reflected by the high rental fees. We will now look at four well-appointed condominiums in this area.
Silom Grand Terrace Condominium
Located in the heart of Bangkok along the Silom road, Silom Grand Terrace is just 200m from both the BTS Sala Daeng and Silom MRT stations.
Despite being only a Grade B quality building, the property commands the type of rental prices reserved for Grade A condominiums along the Sukhumvit road. However, investing in Silom Grand Terrace would be a wise move as its location is hard to beat for the southern areas of Bangkok. Due to the scarcity of land here, and subsequently condos and apartments, a building like the Silom Grand Terrace is a rarity and therefore in relative high demand.
Sathorn – Bangkok’s Central Business District
Sathorn is the recognized CBD area of the capital. Even though Bangkok is a huge sprawling metropolis having several areas where there are concentrations of office buildings and commercial towers, Sathorn is still the largest of them all. Many multinational companies base their HQ’s along this road, which why Bangkok’s buy-to-let investors see Sathorn real estate as a safe bet.
The high concentration of multinational companies here also means there are plenty of well-paid expats on generous packages, many of whom will have substantial housing allowances to boot, and therefore residing in high-end luxurious Bangkok accommodation. Little surprise then why high-end investors in real estate often choose Sathorn as the area in which to purchase their condos.
Two excellent examples are “The Met” and the “Empire Place”. Both of these high-end luxury condominiums boast fantastic facilities, and include huge swimming pools, large fitness areas, and beautifully landscaped grounds.
The Met Sathorn Condominium
Anyone investing in the Met Sathorn is indeed buying into one of Bangkok’s most luxurious buy-to-let properties around on the South Sathorn road. Located only a few hundred meters from the Chong Nonsi BTS station, The Met
Condominium offers easy access to both the BTS Skytrain and the MRT Metro lines, as well as ease of access to financial, marketing, and a plethora of other multi-nationals businesses.
The Met is a high rise construction set on seven rai 40 sq.wah. (11,360 sq.m.) of land. It has 66 Storeys, housing 370 world-class units. The condo’s facilities include:
- 2 tennis courts
- 50M pool with cabanas & Jacuzzi
- Aerobics room
- BBQ area
- Covered Parking (725 vehicles)
- Functions room
- Games room
- Libraries
- Playground
- Private lift access
- Sauna & steam
- Separate drop-off points and lobbies,
- Sky terraces with satellite gymnasiums (world-class)
- 24 hours security
The Empire Place Condominium
The other high-end condo offering a great investment opportunity is The Empire Place.
This Art Deco and Neo-Gothic styled construction has a striking resemblance and ambiance to the dramatic buildings of New York and Chicago in the early 20th century. Investing in an Empire Place condo would provide returns of around 5% in the current climate, although with longer term ownership this would increase. A 5% return fairs well with similar luxurious properties in other major capitals of the world.
The Empire place is a high rise construction set on a five rai, 178-square-wah plot. It has 45 stories housing 493 luxurious units from one to four bedrooms, all with private balconies. The common areas are beautifully decorated with stone, wood, and glass. Facilities include. Best CBD For Anxiety UK