BANGKOK Q4 2013 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 Q4 2013 on almost 50’000 individual units (condos and apartments).

The highest condo prices are still found in Pathum Wan district (7), with the hotspots Siam, Chidlom, Ploenchit, and Lumphini. The districts Pathum Wan (7), Khlong Toei (33), and Watthana (39) have the highest rental prices. Ratchathewi district (37) offers the widest price range (50-1220’000 THB/sqm) in the midfield property segment. The cheapest rents and values can be found in 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 30’000 THB and is 60 sqm large. More useful are these figures separated for each market segment:

Rental prices for apartments / condos in Bangkok Q4 2013:

- high end segment: >80’000 THB
- expensive segment: 45’000 – 80’000  THB
- upper midfield: 30’000 – 48’000  THB
- lower midfield: 20’000 – 30’000  THB
- cheap segment: 10’000 – 20’000  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 4.2 Mio. THB and a size of 52 sqm. More useful are these figures separated for each market segment:

Asking prices for condos in Bangkok Q4 2013:

- high end segment: >14.9 Mio. THB
- expensive segment: 7.0 – 14.9 mio THB
- upper midfield: 4.2 – 7.0 mio THB
- lower midfield: 2.5 – 4.2 Mio THB
- cheap segment: 1.3 – 2.5Mio 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 59%/ 50% out of the 50’000 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 30’000 THB/ month and has a size of 60sqm. The resulting sqm rent is 451 THB/sqm month.
The “median” condo in Bangkok has a value of 4.2 Mio THB and a size of 52sqm. The resulting sqm price is 78’000 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

The price difference between condos in reach of an BTS Station to a similar one without a station in walking distance (500m) is 40-60%. 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

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 50’000 properties (apartment and condos) are in the database for the 4th. 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.