Pre-owned Condominium Market in CBD
Central Business District (CBD) is the area that has the most activities of social and economic in Bangkok because this area is the location of embassies, main offices, Export center, Major Shopping mall, 5 star hotels. Moreover, it is the most complete transportation both railways, BTS, MRT and BRT including toll way, port that make this area is the most perfect business district.
CBD included 3 main locations
Silom – Sathorn location : Bang Rak district, Sathorn district
Sukhumvit – Chid lom – Ekamai location: Pathum wan district, Watthana district, Khlong Toei district.
Rama III – Yan Nawa location: Yan Nawa district, Bang Kho Laem district.
Pre-owned condominiums market in CBD is the area that is highest condos price in Bangkok. Most price per room is about 4-10 million baht (about 60,000 – 110,000 baht/sqm).
The result from research by area as follow
When consider by area, you will found that pre-owned condominiums in Silom – Sathorn location have the highest sale price in CBD. Most have the sales price about 6 – 15 million baht (about 90,000 – 150,000 baht/sqm) and most size of room is about 40 – 100 sqm. But if you want cheap pre-owned condominium in CBD lower than 40,000 baht/sqm, you can find it in Rama 3 but it will be old building more than 20 years.
Room size in this zone has from size of 27 sqm to 400+ sqm by price is different according to size and location. The room that its price is lower than 3 million baht still remaining in Rama 3 such as P.S.T. City Home, Lumpini Place. Its price is about 35,000 – 50,000 baht/sqm.
For those who interest to rent condominium in CBD for housing, Rent rate is about 20,000 – 50,000 Baht/month (about 400 – 600 baht/sqm/month). Lower rent still remaining in Rama 3 and old project more than 10 years in Silom – Sukhumvit such as Diamond Tower Silom, Richmond Palace, Ari Place (Sukhumvit 26).
And for those who interest to buy for investment, Terra Adviser recommends you to buy Studio type that has size of 27 – 40 sqm. This room type able to give returns about 6 -7% per year whereas other types give returns rate about 4 – 6% per year (Median returns rate whole zone about 5 – 7% per year)