Newly built average condos generally cost around 90,000 baht per square meter while super luxury condos can cost more than 250,000 baht per square meter. Naturally, condos in high-demand prime areas like Lumpini or Silom are going to cost far more than suburban districts.
Foreigners are legally able to purchase up to 49% of the registrable area of a Condominium Project (Foreign Quota). The remaining 51% can only be owned by Thai nationals or Thai entities. Therefore foreigners looking for a straightforward and hassle free property in Bangkok , is advised to consider buying a condo .
In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared). This would be the price of a basic condo away from the BTS / public transport and built by a developer such as Lumpini.
If you truly want a luxurious apartment , you should also expect to pay approximately 30,000 baht, or 925 dollars per month. Within Bangkok , cost of renting usually goes up depending on how close you are to a MTR or Sky train station.
Most statistics say yes, as the Bangkok crime rate is lower than that of many U.S. cities, and violence against tourists is rare.
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand , with no requirement to apply for an extension of stay. You will also be able to apply for an extension of stay and Permanent Resident status for your non- Thai family members.
Areas in central Bangkok such as Chidlom, Langsuan, Ratchadamri and Sala Daeng are considered prestigious addresses where many billionaires invest in real estate to add to their collection, or to make a profit in the future.
Average wages in Bangkok is pretty high compared to other areas of Thailand. Currently, the average wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD. Bangkok has some of the highest average salaries among ASEAN members capitals.
Most of the new condominium projects today are designed and built with modern techniques and durable materials to endure the ordinary wear and tear of everyday use. Modern condos will likely remain in good shape even after 50 years .
Under Thai law, up to 49% of the unit area of any condominium may be owned by foreigners . Provided the requisite Thai -owned percentage within a given development is maintained, a condominium unit can be fully and legally titled in the name of a foreigner .
E-commerce, medical services and engineering have the highest – paying jobs across all career levels in Thailand , according to a report by employment portal JobsDB. While medical services and engineering were well- paying fields, e-commerce was found to be the only industry that ranked high at all career levels.
Yes, condos generally appreciate in value. That’s true of any piece of property—as long as it doesn’t have wheels or come from a trailer park. But, if you’re trying to decide between a condo or a house, keep in mind that a single-family home is usually going to grow in value faster than a condo will.
Bangkok has joined the list of the 100 most expensive cities for expatriate workers for the first time on the strong baht, economic growth and more stable politics, based on cost of living surveys by ECA International. Bangkok rose 32 places from last year.
You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time.
As the capital city of the country and one of the major financial hubs of South East Asia, Bangkok is actually quite expensive if you want a Western style apartment with all mod cons like airconditioning, and if you want to be located near a Skytrain or underground MRT station.