Bangkok has long been known as a thriving metropolis and a hub of commerce, culture, and entertainment in Southeast Asia. With its bustling streets, towering skyscrapers, and vibrant nightlife, it's no surprise that the city has also become a hotspot for property investment.

In recent years, Bangkok's property market has seen a surge in demand, with both local and international investors eager to capitalize on the city's growing economy and rapid development. In this article, we'll explore why Bangkok is a hot property market you can't afford to miss and offer tips on investing in this dynamic city.

1.0 Why Bangkok is a Hot Property Market

1.1 Booming Economy

Thailand's economy has been growing steadily over the past few years, despite the challenges posed by the COVID-19 pandemic. Bangkok's thriving economy is driven by various sectors, including finance, exports, manufacturing, tourism, and real estate.

1.2 Strong Demand for Property

Bangkok's property market is driven by both local and international demand. The city's growing population and rising middle class have fueled the demand for residential properties, while the influx of international businesses and expats has further driven the need for space.

1.3 Affordable Property Prices

Compared to other major cities in the region, such as Singapore, Hong Kong, and Tokyo, Bangkok's property prices are still relatively affordable, where you still can afford to buy a property in the central business district with just RM1,000,000 (approx. USD 220,000), and this has made the city an attractive destination for property investors looking for high returns on investment.

2.0 Investing in Bangkok's Property Market

2.1 Choose the Right Location

When investing in property, location is key. In Bangkok, different areas command different price ranges. Some of the most popular areas for investment usually revolve around the central business district (CBD) within the Sukhumvit area and the riverside. These areas offer a mix of residential and commercial properties, with excellent transport links and access to amenities. Bangkok property within CBDs will cost around 200,000 - 300,000 THB/SQM, which only cost about 100,000 THB/SQM a decade ago, especially those nearer to the BTS Skytrain will be worth a lot more as the BTS is one of the main modes of transportation to transit within the city. Meanwhile, properties in the suburbs will just cost about 60,000 THB/SQM, where prices haven't grown much over the years, which is suitable for those who are looking to buy for own stay.

2.2 Understand the Market

Before investing in Bangkok's property market, it's essential to understand the local market conditions and regulations. Working with a global investment company like DWG or a reputable real estate agent can help you navigate the market and identify investment opportunities that align with your goals.

You will need to understand terms like off-plan property, secondary market, and other factors such as:

What’s the rental market like?
What’s the property trend in the city?
What’s the property trend outside of the city?
What are the developments and forecasts of the Bangkok property market?
How does the country’s economy play a role in affecting the property market?

2.3 Consider the Property Type

Bangkok offers a wide range of property types, from luxury condominiums to commercial office spaces. When choosing a property type, consider your investment goals, budget, and target market. You will want to know what property type is the most popular in Bangkok, where different parts of Bangkok will have different preferences. Those living in CBDs typically opt for studio and 1-Bedroom units due to the price, convenience, and lifestyle. Those living near the suburbs will choose affordability and comfort over accessibility to the city center with bigger units ranging from 2-4 bedrooms.

2.4 Conduct Due Diligence

Investing in property always carries a degree of risk, and it's essential to conduct due diligence before making any investment decisions. While DWG Malaysia has already done due diligence and invested before introducing anything to the mass market. It is still best to personally do due diligence, which may include researching the developer's track record, conducting a thorough inspection of the property, and taking a trip to Bangkok to assess the local market conditions.

3.0 Conclusion

Bangkok's property market is a massive investment opportunity, offering high returns on investment, affordable prices, and a thriving economy. Whether you're a local or international investor, you can't afford to miss the city's dynamic property market. By understanding the market, choosing the right location, and seeking professional advice, you can take advantage of the opportunities available and build a successful property investment portfolio in Bangkok.

Good news! We’re hosting an event related to a very exciting Bangkok property on 28 May 2023 @ 10:30 AM - 5:30 PM in TROVE Johor Bahru. Grab this opportunity to explore Bangkok’s property and understand if it’s suitable for you. You can click on the link below or call 012-993 3226 / 012-993 3228 to RSVP today!

CLICK HERE TO RSVP

Featured