Editor: Cheyenne Hollis
Pages 58, Dot Property Magazine ISSUE 026 Q1 2019
KHLONG TOEIThe Khlong Toei district borders Sukhumvit in the north and the Chao Phraya River in the south stretching from the Asoke to OnNut BTS stations. The area had the highest amount of rental properties listed on the DotProperty Network every month of 2018. A number of new condo developments completed close to BTS stations created a spike in both supply and demand. One-bedroom units priced between THB10,000-THB20,000and two-bedroom units with a THB20,000-THB 35,000 price point received the highest demand. Developer watch: Several AP Development projects, including Life Sukhumvit 48, RhythmSUKhumvit 42, Rhythm Sukhumvit 36-38 andRhythm Sukhumvit 50, dominate the Khlong Toei district. All of these projects have been completed in the past few years.WATTHANAThe Watthana district covers the same east-to-west stretch as the Khlong Toei district, but its southern border is Sukhumvit Road and the northern border is Khlong Saen Sep. The district recorded the second most condo rental inquiries in Bangkok last year. However, the amount was less than half of what long Toei generated. The most in-demand unit type throughout the Watthana district was for one- and two-bedroom condos priced at THB20,000-THB 35,000. There was also good demand for condo rental units at THB50,000-THB100,000.Developer watch: The race is on to build projects on both Thong Lor (Sukhumvit 55) andEkkamai (Sukhumvit 63). Sansiri is leading the charge with The Monument Thong Lo, Kuhn By YOO Condominium Thong Lo, and XT Ekkamai. Meanwhile, both Major Development and AP Development have a completed condo and an under-construction project along Ekkamai.PATHUM WANThe Pathum Wan district covers some of Bangkok’s most upscale neighborhoods such as Siam, Ploen Chit, and Chit Lom. Landherr is scarce and expensive which means both property and rental prices are higher here than anywhere else in Bangkok. Two-bedroom units were the most in-demand condo rental type but inquiries were spread fairly evenly between the THB20,000-THB 35,000, THB 35,000-THB50,000 andTHB100,000+ segments. Developer watch: Thailand’s most expensive development, 98 Wireless, is located in the Pathum Wan district. However, all eyes are on One Bangkok these days. The massive mixed-used project across from LumphiniPark is being developed by TCC Group and Frasers Property. It will have a total of three ultra-luxury condominiums when it is finished along with multiple hotels and grade A office buildings.