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Currency : 1 US Dollar is worth about 33 baht.
Condominium Prices in Bangkok - End November 2007
An interesting small survey was published in the Bangkok Post dd. 13 November 2007. The survey reported by Aquarius Estate Co. Ltd., a developer of low- and high-rise condomiums in Bangkok and Koh Samui, offers insight in the current prices levels of condomiums in Bangkok.
106 condominium project, totalling more than 50,000 units are coming into the market in 2007 (about 20,000 units became available in 2006). Just looking around the Sukhumvit area, possible even more will become available in 2008.
Prices were given for different location in Bangkok. Two expensive areas clearly stand out. Condominium properties in the so-called Central Business District (Lumpini-Silom-Sathorn-Rama IV area) are the most expensive (very few were actually built) at around 90,000-115,000 baht per square meter.
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A lot of construction at present along Sukhumvit Road. This development off Soi 23. |
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The other expensive area is along 'central' Sukhumvit. Prices per square meter average around 90,000 baht. Further to the east (extended Sukhumvit) along the BTS skytrain line, prices averaged lower at 50,000 baht per square meter. For the rest of Bangkok, prices seem to be mostly in the 50,000-60,000 baht per meter range. Quite clearly a lot of condominiums have been built along the skytrain route on Sukhumvit Road.
54% of the new available condominiums have been sold.
As a long-term price reference, we remember that prices before the economic crisis in 1997 were mostly in the 30,000-50,000 baht per square meter range.
Related : Renting Property in Bangkok | Buying Property in Bangkok
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