BANGKOK Q2 2014 property market report
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. The generated benchmarks are based for Q2 2014 on over 53’000 individual units (condos and apartments).
The highest condo prices are found in Pathum Wan district (7) and Ratchathewi district (37), with the hotspots Siam, Chidlom, Ploenchit, and Lumphini, Ratchatewi and Phaya Thai. The districts Pathum Wan (7), Khlong Toei (33), and Watthana (39) have the highest rental prices (high end segment over 800 THB/ sqm mt). Ratchathewi district (37) offers the widest price range (48’000-137’000 THB/sqm). The cheapest rents and values can be found in Bang Na (47) Suan Luang (34), Bang Kapi (6) and Wang Thonglang (45) district.
Location is one of the main driver for the property prices, but not only the macro-location like the districts, also the micro-location has a large impact on the property valuation. So is the value of a condo in a 500m radius around a BTS or MRT station station 40-60% higher compared to a similar condo without a station in walking distance.
The offered median rental apartment in Bangkok has an monthly rent of 35’000 THB and is 62 sqm large. The resulting sqm rent is 469 THB/sqm month.
Rental prices for apartments / condos in Bangkok Q2 2014:
- high end segment: >80’000 THB
- expensive segment: 50’000 – 80’000 THB
- upper midfield: 35’000 – 50’000 THB
- lower midfield: 21’000 – 35’000 THB
- cheap segment: 10’000 – 21’000 THB
These figures are for each individual district and bts/mrt station as pdf download available. >>> go to the download center
The offered median freehold condo in Bangkok has an asking price of 5.2 Mio THB and a size of 51 sqm. The resulting sqm price is 95’000 THB/sqm.
Asking prices for condos in Bangkok Q2 2014:
- high end segment: >15.7 Mio THB
- expensive segment: 7.9 – 15.7 Mio THB
- upper midfield: 5.2 – 7.9 Mio THB
- lower midfield: 3.4 – 5.2 Mio THB
- cheap segment: 1.9 – 3.4 Mio THB
These figures are for each individual district and bts/mrt station as pdf download available. >>> go to the download center
1-bedroom apartments have the biggest share with 58%/ 49% out of the 53’800 surveyed properties. Approx. 30% 2-bedrooms and approx. 10% 3-bedrooms apartments form together with the 1-bedrooms properties over 95% of all offered properties. Studio apartments have in Bangkok only in the rental market a small 3% share.
The rent of the “median” apartment in Bangkok is 35’000 THB and is 62 sqm large. The resulting sqm rent is 469 THB/sqm THB/sqm month.
The “median” condo in Bangkok has a value of 5.2 Mio THB and a size of 51 sqm. The resulting sqm price is 95’000 THB/sqm.
The benchmark prices vary in some cases quit remarkable if you focus only on apartments within or outside the reach of an BTS/ MRT station.
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 25%. A MRT station has a little bit smaller effect on the rent compared to an BTS station.
These figures are available for each individual location as pdf download. >>> go to the download center
| rental price / m2 | 10% pctl | 30% pctl | Median | 70% pctl | 90% pctl | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| – BTS | 288 | THB/m2 | 414 | THB/m2 | 514 | THB/m2 | 625 | THB/m2 | 809 | THB/m2 |
| – MRT | 297 | THB/m2 | 392 | THB/m2 | 447 | THB/m2 | 515 | THB/m2 | 625 | THB/m2 |
| – not nearby station | 209 | THB/m2 | 294 | THB/m2 | 382 | THB/m2 | 500 | THB/m2 | 676 | THB/m2 |
The price difference between condos in reach of an BTS Station to a similar one without a station in walking distance (500m) is 50%. A MRT station has a slightly smaller effect on the price compared to an BTS station.
These figures are available for each individual location as pdf download. >>> go to the download center
| selling price / m2 | 10% pctl | 30% pctl | Median | 70% pctl | 90% pctl | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| – BTS | 67’000 | THB/m2 | 91’000 | THB/m2 | 112’000 | THB/m2 | 134’000 | THB/m2 | 171’000 | THB/m2 |
| – MRT | 67’000 | THB/m2 | 89’000 | THB/m2 | 99’000 | THB/m2 | 113’000 | THB/m2 | 140’000 | THB/m2 |
| – not nearby station | 39’000 | THB/m2 | 58’000 | THB/m2 | 73’000 | THB/m2 | 94’000 | THB/m2 | 135’000 | THB/m2 |
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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