Thailand’s Thong Lo: Property Prices surges up to 40% while Return of Investment is set at 6.6%
Thailand properties near public transport options such as high-speed trains tend to be popular and not to mention expensive, especially so if it is near the Thong Lo BTS Station.
Earlier this year, the Bangkok Post reported a 40% surge in Sukhumvit Soi 39 and Thong Lo’s condominium prices for the past five years, based on the Nexus Property Marketing Company’s research. This 40% surge in price started from THB 183,000/sqm and jumps to a staggering 255,000 baht/sqm.
Prices went up continuously due to limited land and a high demand from both local and foreign investors, said Nalinrat Chareongsuphong, Nexus Property’s managing director.
As a result, new projects have been garnering high yields from rents and sales. In line with the Bangkok Post’s report, people who bought a property in 2013 and rented it out generated about 6.6% return in investment in Thong Lo. Ekamai had the highest rental yield at 7.7%, followed by Phayon Yothin at 7.2%, and Langsuan as well as Phaya Thai reaching 5.6%, respectively.
Aside from high rental yields, investing in a condominium along Thong Lo also generates capital gains from sales since the prices regularly increase, especially in the luxury property market. Thong Lo has the highest return on investment reaching 66% from rent and sales — a definitely win-win investment.
One project that has attracted a lot and which presents itself as the most popular property near Thong Lo BTS Station is Sansiri’s Quattro. This Thailand property provides a luxury retreat and an enjoyable comfort in the midst of Thailand’s busy streets.
Condominium for Rent/Sale Extremely near Thong Lo BTS Station: Quattro by Sansiri
From the award-winning Thailand property developer Sansiri, Quattro stands as one of the most sought-after condominiums for rent and sale Thong Lo. However, being near Thong Lo’s BTS station, Quattro is not exempted from the high prices. Although with its price, you can guarantee quality and convenience.
This Thailand property has a monthly rent further ranging from THB 45,000 to THB 85,000 with an area of 50 to 100 square metres.
Each unit at Quattro is complete with basic appliances such as a washing machine, refrigerator, microwave, rice cooker, toaster, and a kettle. It also comes with a water heater, kitchenware, and cutlery. Furthermore, its facilities include:
2 swimming pools with kid’s pool
Exercise room with equipment
Garden with leisure area
Chill out terrace
Wi-Fi at facilities floor
24-hour security by Guard Service
Video door phone in the unit
It even has exclusive services such as:
Shuttle Car Services (London Cab Service, Free Shuttle Service )
From Quattro by Sansiri, it takes only 2 minutes to walk to the Market Square (TOPS Supermarket, 24-hour Starbucks, Burger King, and other various restaurants).
Completed in 2012, this Thailand property consists of two buildings with 36 floors and 446 units. The average selling price of Quattro by Sansiri is THB 245, 635/sqm. This is 74.9% higher than the current average selling price in the Vadana region (THB 140,407/sqm), which is likewise another 138.8% higher than the average price in Bangkok (THB 102,848/sqm).
The Trend for the Next Three Years
Condominium prices in the Thailand property market are projected to further increase up to 8-10% over the next three years. For properties at the city centre, a 12-15% increase is expected. Thailand rentals for short-term term is expected to earn a higher annual yield, but investing in condominiums for sale in inner Bangkok provides higher capital gains from sales.
Thus, running a rental condominium business or sales around the area is advantageous. For more information about Quattro by Sansiri, send us a message here.
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