Plus Property, as expert with one-stop solution service for real estate management in Thailand, has revealed, according to the firm research and development department, the latest result on condo bangkok market that condominium near rail routes within 500 meters has increased the rent-price ratio up to over 92%. This proves that condominiums along rail lines are excellent locations, especially around inner Sukhumvit until Thonglor. The premium condos of a market leader like Sansiri receive very good feedbacks as well.
In accordance with the study, condos located along BTS and MRT possess the high rental rate. They gain popularity among the Japanese because they respond to the lifestyle of the family and single people. Since the Japanese love to stay together in a community to have the feeling of warmth and life security, the location near BTS in Sukhumvit area can fulfill the needs of Japanese housewives quite well. Supermarkets, shopping malls, restaurants, schools and hospitals are all nearby. You can take a public transport very conveniently even if you don’t have a car. The room size the Japanese will make up their mind for depends mainly on the necessity. For example, those who are still single will go for a room with living space of 40-50 sq.m. But the family will usually select a 2 bedroom unit.
Although Sukhumvit is very famous for the Japanese, some of them also rent or buy secondhand condos along rail lines in other locations e.g. Sathorn, Phaholyothin, Ratchadapisek and Rama 3. Those locations are not as popular as Sukhumvit area though. It is expected that there will be 100 more BTS and MRT new stations in service in the future. To date, there are just 50 stations.
Besides, the research shows that the average rental growth in Bangkok is generally rising up to over 12%. It points out that the rental market is still in demand for both tenants and investors. Because there are currently many projects with a variety of residences and many real estate agencies offer full services, tenants and investors all have more opportunities and options.
Apart from the quality of project management, the heart of service of real estate agency is “trust” in the best investment advisory and consultancy service as well as some offer in buying, selling and rental for both Thais and foreigners. If you are looking for a full service property advisor such as buying and selling land, single house, secondhand townhouse, condominium and house for sale Bangkok including any kind of real estate management services in Bangkok and other provinces, Plus Property, an experienced property expert with over 15 years of property management business, provides you a wide range of trustworthy services relying on facts of the product rather than just advertisement. For those interested in our services, please visit our official website at www.plus.co.th now at any time.
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