Considering the fact that Bangkok is a booming hub of business, it is a smart move to invest in a condominium purchase within this city. Though, there are a variety of factors to weigh in before spending your savings into real estate.
One of the factors to consider is the location of the condominium that you are looking to spend on. Whether it is for your own stay or a buy-to-let, you need to be aware of the location.
For your condominium to not lose its value over time, the right decision to make is to invest in ones that are located in Bangkok’s CBD (Central Business District). The districts can be narrowed down into 3 simple choices: Silom/Sathorn, Wireless Road/Lumpini and Early-Sukhumvit (Nana - Phrom Phong’s areas). These areas are saturated in terms of employment rate, as well as the fact that public transports are readily available with BTS/MRT lines built. Hence, to make a smart investment is within Bangkok’s CBD.
One of the best investments spots of the 3 Bangkok’s CBD is at Charoenkrung, where you’ll find yourself various condominiums! Charoenkrung is an old town that is becoming more and more popular within the realm of real estate.
According to the estimated Living Score of this area; the walking, driving, transit and eating scores are incredibly high. This guarantees convenience for people within the area. Not to mention that the employment rate is also quite high.
The returns received from selling a 1 bedroom/studio room in a condominium within Charoenkrung area is estimated to be around 8.94 million baht. Two bedrooms condo is priced at 12.82 million baht.
Though, if you are not looking to sell your condos, allowing others to rent your room will earn you tremendous profits. The estimated rate of rent per month within the Charoenkrung area is around 30,000 - 45,000 bath since these rooms are located close to the CBD (Silom/Sathorn). Investing in this area will not disappoint you with the returns on your spending.
Investing in a room within Charoenkrung area not only grants you the easy public transport channels but since it is considered an old town, there is beauty everywhere! Investors within this area are mostly foreigners who are enamoured by the culture and the timeless architecture of Charoenkrung, the perfect clash of vintage and modern.
The price of real estate within the Charoenkrung-Sathorn area has been increasing by 8% every year due to the decreasing empty spots. This is why this area is second to none when it comes down to investment.
With the best view of the river, the high rise building comes with many facilities such as a swimming pool with 360 degrees view, Kids Club, as well as valet and automated (up to 80%) parking. At the property, you’ll be granted the lifestyle that you deserve.