With a population of over 15 million people in its metro area, Bangkok is a huge city with dozens – if not hundreds – of different neighborhoods.
The city’s vibrant culture, world-class amenities, and strategic location in the heart of Southeast Asia make it an attractive destination for property investment.
But with so many neighborhoods to choose from, each with its own unique characteristics and investment potential, where should you focus your search?
Here’s a closer look at the top five areas for buying and investing in property in Bangkok.
Ratchathewi
Ratchathewi’s central location is its biggest selling point. It’s right in the geographic center of Bangkok.
Situated just north of the commercial district of Siam and east of the government center of Dusit, Ratchathewi boasts unparalleled connectivity.
The Airport Rail Link’s terminal station is located here, as are three different BTS Skytrain stations, making it a breeze to get around the city. Victory Monument is arguably the most cosmopolitan part of the district.
Despite these locational advantages, property prices here are still affordable compared to other prime areas of Bangkok. The average condo in Ratchathewi costs around 200,000 baht per square meter, offering good value for money.
The area has a good mix of residential options catering to various demographics. Many local Thai families call Ratchathewi home, giving it a more authentic vibe compared to expat-heavy areas.
At the same time, the neighborhood’s proximity to shopping hotspots like Pratunam and Siam attracts its fair share of tourists and international residents.
As more people discover Ratchathewi’s winning combination of location, affordability, and local charm, property prices are poised to appreciate.
Investors can find solid rental yields in Ratchathewi along with some of Bangkok’s highest occupancy rates. Especially in newer condo developments close to transit stations.
Sukhumvit
Running through the heart of Bangkok, Sukhumvit Road, the Cosmopolitan lifestyle destination, is lined with a dizzying array of restaurants, bars, shops, and attractions catering to a diverse international crowd.
The Sukhumvit area encompasses multiple sub-markets, each with its own rather unique character and property dynamics.
The most sought-after addresses are generally found in the Nana, Asoke, Phrom Phong and Thong Lo neighborhoods.
Here, luxury condos with top-notch facilities command premium prices, often exceeding 250,000 baht per square meter, especially if they are within a short walk of a BTS station.
These high-end properties are popular with expats, high-flying professionals, and wealthy Thais who appreciate the area’s cosmopolitan vibe and convenient access to lifestyle amenities.
As you move further down the Sukhumvit line towards On Nut and Phra Khanong, prices become more reasonable while still offering good connectivity.
These neighborhoods are popular with young Thais and budget-conscious expats who value the area’s lively atmosphere and community feel.
