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Date of article: Q1 2019

KHLONG TOEI The Khlong Toei district borders Sukhumvit in the north and the Chao Phraya River in the south stretching from the Asoke to On Nut BTS stations. The area had the highest amount of rental properties listed on the Dot Property Network in 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-THB35,000 price point received the highest demand. Developer watch: Several AP Development projects, including Life Sukhumvit 48, Rhythm Sukhumvit 42, Rhythm Sukhumvit 36-38 and Rhythm Sukhumvit 50, dominate the Khlong Toei district. All of these projects have been completed in the past few years. WATTHANA The Watthana district covers the same east to-west stretch as the Khlong Toei district, but its southern border is Sukhumvit Road and northern border is Khlong Saen Saep. The district recorded the second most condo rental enquiries in Bangkok last year. However, the amount was less than half of what Khlong Toei generated. The most in-demand unit type throughout the Watthana district was for one- and two-bedroom condos priced at THB20,000-THB35,000. 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) and Ekkamai (Sukhumvit 63). Sansiri is leading the charge with The Monument Thong Lo, Khun 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 WANT Pathum Wan district covers some of Bangkok’s most upscale neighbourhoods such as Siam, Ploen Chit and Chit Lom. Land here 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 enquiries were spread fairly evenly between the THB20,000-THB35,000, THB35,000-THB50,000 andTHB100,000+ segments. Developer watch: Thailand’s most expensive development, 98 Wireless, is located in the Pathum Wan district. However, all eyes areon One Bangkok these days. The massive mixed-used project across from Lumphini Park 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.

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