The public transport network (BTS, MRT) is for Bangkok one of the most relevant drivers for the property market, especially for new housing projects.
In this survey you can discover the property value range for condos as well as the rental price range for each individual BTS and 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 40%-50%. A MRT station has a smaller effect on the rent compared to an BTS station.
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), Chitlom (E1) and Phloen Chit (E2) as well as between Phrom Pong (E5), and Thong Lo (E6). The prices decreases on each end of the sukumvit line with a low at Bearing (E14)
The M-shaped double tip allocation is even more significant when we compare the selling prices for condos. High values can be found between Phaya Thai (N2) and Phloen Chit (E2). A second tip is located around Phrom Pong (E5), Thong Lo (E6), and Ekkamai (E7) station.
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 as well as Saphan Taksin (S6).
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. Again Phetchaburi (8 PET) to Sam Yan (2 SAM) shows a higher price range than the other station, only the Area around Bang Sue (18 BAN) has similar high valuations. The highest prices are clearly located around Si Lom (3 SIL) station.
|Download more detailed surveys and data for every relevant district or BTS/ MRT station as pdf file.|