Bangkok, Thailand’s vibrant capital, is an increasingly popular destination for luxury property investors from around the world according to a new report in Luxury Lifestyle Magazine. With a growing number of expats and affluent investors seeking out slices of luxury real estate in the city, the demand for high-end apartments and condominiums is at an all-time high. As the city continues to expand, the Thai property market is enjoying an impressive surge.
Luxury Property Investors Flock to Bangkok
Bangkok has always been the chosen haunt of the Thai elite. But now the well heeled from around the world are following them there.
The city has a lot to offer in terms of culture, food, and attractions. At peak times of the year the city has 14 million inhabitants making it one of the most populated cities in the world. But its appeal goes far beyond great food, spectacular temples, and friendly locals that it’s known for around the world.
Bangkok’s popularity for luxury property investors is increasing due to the city’s ongoing development. Urban developments, roads, and facilities, especially in trendy and upscale neighbourhoods, are continually being improved, making Bangkok a great place to live and work. The city can also offer a great work-life balance.
When it comes to connectivity, Bangkok’s Suvarnabhumi Airport is one of the busiest airports in Southeast Asia. It’s well-connected to the city center and has flights to other parts of Thailand, Asia, and around the globe. The Airport Rail Link (ARL) is an express train service that connects the airport to the city center in just 15-20 minutes. The ARL runs from 06:00 to midnight and offers both non-stop express services and regular commuter services. Taxis are also available for those who prefer not to take the train.
Now, a trend of rising Google searches for “Bangkok property for sale” is just the latest evidence that a surge of more and more investors are looking to join the Thais and invest in luxury properties in the city.
There are many spectacular penthouses and homes in some of the city’s trendier neighbourhoods. Sathorn, Sukhumvit, and Silom offer buildings with stand-out facilities like rooftop infinity pools, spacious verandas, and fitness centres. Affluent buyers are flocking to buy luxury properties in these neighbourhoods when looking to either move to or invest in Bangkok.
Meanwhile, the market for affordable condos in Bangkok is increasingly saturated forcing developers are moving towards the luxury property segment. The city has seen a dramatic spike in the number of new luxury property developments going up, and this, in turn, has led to an uptick in interest from well-heeled investors from across the globe. But with limited space for development, demand for luxury properties still remains higher than the number of high-end properties available leading to ever-increasing prices.
Bottom line
Bangkok is becoming an increasingly popular destination for luxury property investors from around the world. With ongoing development, proximity to the international airport, and the saturation of the market for affordable condos, the demand for luxury properties is on the rise and prices are increasing. If you’re considering investing in a luxury property in Bangkok, neighbourhoods such as Sathorn, Sukhumvit, and Silom are a great place to start your search, and with good connectivity from the airport, it’s easy to get around the city.
