yellowfart• 1y
Im not a specialist but almost all of Bangkok modern condos includes facilties like gym, swimming pool, also services like security, all of this comes with a price, so that might be part of the answer. Fields in popular aeras (and around BTS/MRT) must be expensive also I guess. I think Thais take super long mortgage (40 years?), and well, good buisness owners are super rich.
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karsten_aichholz • 1y
Not in the real estate business, but have been here for a couple of years. It really depend son the neighborhood. Take Rachadaphisek for example - rents there have actually gone down over the 9 years that I stayed in the area.
I assume the major effect is commuting times and number of commuters. With more and more people moving to the city and commuting times getting insanely long (I recently read the average is 3 hours a day), people are more and more willing to pay a premium for downtown places.
But yeah, there's a lot of buildings with low occupancy rates. I remember seeing a new place that was charging double what a place with similar facilities, 400m further away from the MRT and5 years older was charging. Double! At the same time, the occupancy rate was 25%...
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comrade_of_mine • 1y
There are plenty of condos along the BTS and MRT line start at 10k which is still convenient and takes around 30 minutes commute to downtown.
I'd recommend Huai Kwang and Suthisarn MRT. 2Stops to Central Rama9 and 3 Stops to Sukhumvit MRT. Sapan Kwai is great too. Pretty close to Victory monument also plenty of food and places to chill. I gave a quick look and found this place for 12,000 Baht. Silom and Sathorn are CBDs for millionaires, CEOs and Japanese expats only.