If you are contemplating getting some inner-city living space in downtown Bangkok, you certainly aren’t alone, as many property investors are drawn to the unique ambience that central Bangkok offers, especially along the banks of the Chao Phraya River. Of course, the condo market in Bangkok is congested, yet if you know what to look for, there are some real bargains to be had.
Bangkok is such a huge and diverse metropolis, you are the only one who knows where you want to base your life, and there are some stunning areas, both inside the city and in the suburbs. Sukhumvit Road, from Soi 39 right up to Phrakanong, offers some luxury condo developments – prices are high, yet appreciate, making for a good long-term investment. One project, The River Condo is a prime example of luxury accommodation, and with all the amenities that you would expect from a 5-star living community, you are centrally connected, living in a tranquil, natural setting. If you want to be near the CBD, Silom is the area to look, where you have Lumpini Park and other green gardens where you can relax.
Long Term Investment
Whether you are planning to keep your condo as your urban living quarters, or are looking to find tenants, acquiring a luxury condo unit in the heart of Bangkok is never going to be a bad investment. Avoid developments that are still in the planning stage, as there are plenty of finished developments to choose from, and if you are not planning to occupy the unit, you need to source a good local property management company, one that can find suitable tenants and ensure the unit is in good order.
If you would like to view a range of condo developments in Bangkok, Google is your best friend, and a couple of hours web browsing will give you a shortlist of developments to visit. Make a list of questions before each visit and take images on your phone, and don’t forget to look at the immediate area outside of the development and the amenities nearby. Online searching will save you both time and money, and there are many quality condos on the market, so do allow a few days to see some that seem to tick your boxes.
If you buy wisely, your asset will appreciate in value, while giving you luxurious living in one of the best cities on the planet.