Besides the glitz of new launches, Bangkok also offers a variety of value-for-money property options, but just where can you find the cheapest condominiums to buy and rent in Bangkok?
Propertydata.asia set out to answer that question in its latest research based on its database of more than 53,000 individual units, and discovered that like every city the cheapest options can usually be found on the outskirts and in the suburbs.
The cheapest districts for apartments and condominiums in Bangkok are concentrated in the north, east and west of the city. All of them are between 20 kilometres and 35 kilometres to the Siam and the central business district, and include (in order of cheapness) Sapan Sung, Lak Si, Bang Khat, Prawet and Don Mueng.
Compared with the THB469 monthly sqm rental rate for a median apartment in Bangkok, and THB95,000 selling price per sqm, the cheap apartments in these areas are between 60 percent and 80 percent less expensive.
Bang Khae and Lak Si are the Bangkok property markets (with more than 100 available units) with the lowest rents and selling prices. Renal rates for a 30 sqm unit in Bang Khae can be had for a little over THB3,000 per month.
Another question often asked is where are the cheapest condominiums in Bangkok located within walking distance to the mass transit system?
The answer is, as expected, easy but not entirely correct. The cheapest condos and apartments can indeed be found at the terminal stations of the BTS network, with apartments around Bang Na and Bearing stations offering the cheapest selling and rental prices. These stations are a 28 minute journey from Siam.
Apartments located close to the newest BTS extensions on Bangkok Thonburi side of the river, Talat Phlu, Wutthakat, and Bang Wa, enjoy a shorter trip time of about 23 minutes but prices here are already significant higher.
Well-connected and still affordable rents and prices can be found around Mo Chit, with a connection to the MRT and only 14 minutes to Siam station.
An unexpected finding is that condominiums and apartments close to Victory Monument station, which is quite central located and only a 6 minute journey to Siam, offer surprisingly low rental and selling prices.
Lukas Schnider of propertydata.asia, told PropertyGuru.com: “An insider tip [for anyone looking for value-for-money accommodation in Bangkok] is to check the very affordable rents and prices around the very centrally located BTS Station Victory Monument. A cheap studio apartment is available forTHB2 million or to rent for THB7,500 per month.”
Andrew Batt, International Group Editor of PropertyGuru Group wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
