BANGKOK’s cheap apartments
Based on the a database with over 53’000 individual units, propertydata.asia focused in this property market survey on the cheap segment of Bangkok’s propertymarket.
Where are the cheapest condos in Bangkok available?
| North | East | West |
|---|---|---|
| Don Mueang (36) | Prawet (32) | Bang Khae (40) |
| Lak Si (41) | Saphan Sung (44) |
Compared to the 469 THB monthly sqm rent for the median apartment in Bangkok and 95’000 THB selling price per sqm, the cheap apartments in these areas are 60-80% less expensive. Bang Khae and Lak Si are the local property markets (>100 available units) with the lowest rents and selling prices.
| District | Selling sqm price | Monthly rent pre sqm | ||
|---|---|---|---|---|
| (40) Bang Khae | 26’000 | 44’000 | 82 | 120 |
| (41) Lak Si | 22’000 | 46’000 | 90 | 133 |
| (44) Saphan Sung | 20’000 | 26’000 | 100 | 180 |
| (36) Don Mueang | 17’000 | 21’000 | 103 | 125 |
| (32) Prawet | 19’000 | 25’000 | 100 | 203 |
Where are the cheapest condos in Bangkok in walking distance to a public mass transport system (BTS, MRT) available?
The answer is as expected easy but not entirely correct. The cheapest condos and apartments can indeed be found at the last stations of the three BTS arms, Sukhumvit line north & east, and Silom line south.
| Sukhumvit line (nord) | Sukhumvit line (east) | Silom line (south) |
|---|---|---|
| Victory Monument BTS (N3) | Bang Na BTS (E13) | Talat Phlu BTS (S10) |
| Mo Chit BTS (N8) | Bearing BTS (E14) | Wutthakat BTS (S11) |
| Bang Wa BTS (S12) |
The apartments around Bang Na (E13) and Bearing station (E14) offer the cheapest selling and renting prices and these stations are a 28min ride from Siam central station away.
Apartments located close to the newest BTS extension on Bangkok Thonburi side, Talat Phlu (S10), Wutthakat (S11), Bang Wa (S12), are with a trip time of about 23 min only a little bit closer to Siam station, but the prices are already significant higher.
Well connected and still affordable rents /prices are found around Mo Chit Station (N8), with a connection to the MRT (subway) and only 14min distance to Siam central station.
A not expected phenomena are the condos and apartments close to Victory Monument station (N3), quite central located (only a 6 min. ride to Siam) and still surprisingly low rents and selling prices.
| Station | Selling sqm price | Monthly rent pre sqm | ||
|---|---|---|---|---|
| Bang Na BTS (E13) | 38’000 | 44’000 | 177 | 233 |
| Bearing BTS (E14) | 38’000 | 44’000 | 177 | 233 |
| Victory Monument BTS (N3) | 46’000 | 87’000 | 207 | 293 |
| Mo Chit BTS (N8) | 68’000 | 80’000 | 180 | 283 |
| Talat Phlu BTS (S10) | 57’000 | 64’000 | 250 | 286 |
| Wutthakat BTS (S11) | 63’000 | 68’000 | 239 | 273 |
| Bang Wa BTS (S12) | 63’000 | 68’000 | 239 | 273 |
For how little you can buy or rent a cheap 30 sqm studio apartment in Bangkok?
To compare the areas, we calculated the average price of a typical 30 sqm studio apartment of the cheap segment in each location. The monthly rents starts at only 3’000 THB and you can purchase a condo for less than 700’000 THB.
| District | Selling price | Monthly rent |
|---|---|---|
| (40) Bang Khae | 1’050’000 | 3’050 |
| (41) Lak Si | 1’020’000 | 3’400 |
| (44) Saphan Sung | 690’000 | 4’200 |
| (36) Don Mueang | 570’000 | 3’400 |
| (32) Prawet | 660’000 | 4’600 |
The monthly rents for apartments in walking distance to a BTS station starts at 6’000 THB and purchase prices for a studio start at 1.2 THB.
| District | Selling price | Monthly rent |
|---|---|---|
| Bang Na BTS (E13) | 1’230’000 | 6’150 |
| Bearing BTS (E14) | 1’230’000 | 6’150 |
| Victory Monument BTS (N3) | 2’000’000 | 7’500 |
| Mo Chit BTS (N8) | 2’220’000 | 7’000 |
| Talat Phlu BTS (S10) | 1’820’000 | 8’050 |
| Wutthakat BTS (S11) | 1’970000 | 7’700 |
| Bang Wa BTS (S12) | 1’970’000 | 7’700 |
Best value for money!
A insider tip is for sure the very affordable rents and prices around the very central located BTS Station Victory Monument. A cheap studio apartment is available for 2 mio THB or 7’500 THB per month.
database The data collection sources on public available property listings (asking prices). The calculated prices and benchmarks are based on an evaluation of asking prices. Transaction prices may differ from asking prices, especially in not very liquid markets. propertydata.asia is using thousands of public property listings to generate analyses and market overviews of the monitored property market. Overall Bangkok about 53’000 properties (apartment and condos) are in the database for the 2th. quarter 2014. The data is segmented geographically as well in accordance with the property segment and therefore supports the project developer, real estate agent, and homeowner with a precise market overview.
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Download more detailed surveys and data for every relevant district or BTS/ MRT station as pdf file. |
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