Bangkok is the capital of Thailand and has established itself as a business and tourist center in Asia. It attracts over 30 million tourists every year, and Bangkok Airport handles in excess of 35 million people a year. Bangkok is brimming with culture and History, floating-markets; shopping centers; street restaurants; lively streets and a crazy nightlife that attract people from Asia, the Middle East, and the world. In Bangkok, many people purchase their own residential properties affording them the opportunity to live among the nine million people who represent 13% of the Thai population.
Bangkok ranks ninth on the list of the top 10 emerging world cities, according to new research from real-estate consultancy Jones Lang LaSalle (JLL). Over the years, Bangkok has seen many major infrastructural developments which include the growth of its mass transit lines (BTS Skytrain and MRT Subway). Investors look to the main areas that make up the most promising investment opportunities inside Bangkok, largely due to their easy access to mass transit lines in the city: Ploenchit, Asoke, Phrom Phong, Ratchada, and Ari.
Bangkok has an extensive range of real estate properties suitable for all budgets and annual Rental income range from 3%-4% and short term rental income range from 10% to 15%.
Budget accommodation is located mainly in the center of Phra Khanong, outside of the center of Huang Kwan, or on the other side of the Choa Phraya River. Here you will find condominiums and homes ranging from Thai homes to contemporary and elegant homes, young professional businessmen, or HENRY (high performance but not wealthy). With the recent incursion of foreign investors, these CBD apartments are usually built in small one to two bedroom apartments designed for residents and young families. In the beautiful areas of Prompong and Thonglor, new building development is well underway. In and around Bangkok, there are numerous villas and projects that offer townhouses and large villas outside the center of the municipality.
Real estate market in Bangkok is divided into several popular areas. Access to the workplace is the main factor of popularity in a region.
Most of the municipal employees work in the CBD areas that are now expanding to the Silom; Sukhumvit; and Sathorn areas. Sukhumvit has popular properties, and locations that are close to commercial buildings near Emporium, a large luxurious mall for shopping; Terminal 21, a group of “mixed-use” complexes, and “Centralworld”, a shopping mall. All are well linked via the BTS subway line that connects the capital.
Popular destinations for business people are Silom, and Sathorn, which easily links the office and more restaurants, hotels and unique shops, as well as parks and regular events. Silom and Sathorn are fast becoming a popular tourist attraction site.
If you leave the city, you can choose the new “Icon-Siam Mixed Development”, situated along the banks of the Chao Phraya. Also, located near the Chao Phraya River about 5 km from the city center are numerous Asian and luxurious properties such as the Menam Residences and the Four Season Private Residences.