Bangkok condo & apartment survey covers the rental and buying property market in Bangkok metropolitan area. propertydata.asia is using thousands of public property listings to generate market overviews and benchmark property prices for apartments and condos in each market segment.
Influence of an BTS/ MRT station on the property value
The rental price difference between apartments in reach of an BTS Station to a similar one without a station in walking distance (500m) is around 40%. A MRT station has a smaller effect on the rent compared to an BTS station.
The price difference between condos in reach of an BTS Station to a similar one without a station in walking distance (500m) is up to 50%. A MRT station has a slightly smaller effect on the price compared to an BTS station.
BTS sukumvit line
The allocation of the rental prices on the sukumvit line results in a M-shaped double tip. The highest rents are asked around Siam (CEN) and Chitlom (E1) as well as between Phrom Pong (E5), Thong Lo (E6), and Ekkamai (E7). The prices decreases on each end of the sukumvit line with a low at Bang Na (E14)
The M-shaped double tip allocation is even more significant when we compare the selling prices for condo. High prices can be found between Phaya Thai (N2) and Phloen Chit (E2). A second Tip is located around Phrom Pong (E5) and Thong Lo (E6) stations.
BTS silom line
The rental prices have a linear decrease from the highest rents around Siam (CEN) towards Thonburi. Surprisingly we can see a slightly higher rental price range around the new stations Wutthakat BTS (S11) and Bang Wa (S12). Probably caused by new housing developments in this area.
The selling prices follow the same schema like the rental prices. High prices around Siam (CEN) until Sala Daeng (S2) and Chong Nonsi (S3). The high end segment is strongly represented around Ratchadamri (S1) and Sala Daeng (S2) stations.
MRT blue line
The MRT line shows two different price sides, lower rental prices from Bang Sue (18 BAN) to Phra Ram 9 (9 RAM) and a significant higher rental price level from Phetchaburi (8 PET) to Sam Yan (2 SAM).
The selling price allocation is along the MRT blue line more heterogeneous. There are several stations with higher selling prices, like Si Lom (3 SIL), Lumphini (4 LUM), Phetchaburi (8 PET), Ratchadaphisek (13 RAT), and Bang Sue (18 BAN).
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 more than 30’000 properties (apartment and condos) are in the database for the second quarter 2013.
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.
Download this survey and find some more detailed data for every relevant station as pdf file.