Why Do People Rent Condos In Bangkok, Thailand?
Bangkok is a city with a long history and rich culture. As the capital of Thailand, Bangkok has become the hub for all sorts of entertainment, and a home to an ever-growing expat community. Bangkok is a large and densely populated city with a modern skyline, tropical weather, affordable cost of living, and plenty of things to do. It's no surprise that Bangkok is one of the top destinations for expats worldwide. That being said, it makes living in a condo community even better, as you get to live among people from different backgrounds, potentially meeting a great social or business connection. This is why many young adults opt for condos when they want to live in a vibrant city like Bangkok. When renting property in Bangkok, condos are one of the most popular choices for people who want an urban lifestyle equipped with all the conveniences as many condos for rent in Bangkok even have a 7-Eleven or Family Mart right on its first floor. Additionally, condos are easy to rent. Many people search for cheap condos in Bangkok to rent on short-term leases, which can be beneficial if you don’t intend on staying in one place for long. It's not always easy to stay in a big and busy city, but Bangkok manages to make it enjoyable. Not to mention the fact that you get to enjoy breathtaking views of the city of angels, whilst living in a condo.
1. How Is The Condo Life In Bangkok, Thailand?
The first thing that might come to your mind when you think about life here is the humidity. Bangkok is a tropical country, so it's not surprising that it gets hot and humid. Does living in a high-rise condo affect this? Honestly, yes. It can get really hot sometimes in Bangkok, but that’s why many condos have open balconies, with some of them stretching wide, giving you ample space to enjoy the air, or even have a garden. Living in a condo means you can also easily take a dip in the pool to cool off anytime you need.
As for transportation, The BTS, which is Bangkok’s Skytrain System, makes transportation in the city extremely convenient. The BTS conveniently runs through central Bangkok, and is even connected to many popular shopping malls for direct and easy access. It also helps you escape Bangkok traffic on your way to work. Developers know how important the BTS is, which is why you will notice an abundance of condos near BTS stations, all over the city.
If you haven’t tasted Thai food in Thailand, then you haven’t truly tasted Thai food yet. Since Condos are usually situated along main roads, it’s relatively easy to pass by food markets and street food. In On Nut alone, you’ll find a food market below the BTS, which is just a walking distance away from a few condominiums.
2. What Is The Rental Price For Condos in Bangkok? 2021 - 2022
✦ Average Rental Price for Bangkok Condos
Any condo with more than 3 bedrooms will be challenging to find. And the condo units you will find with more than 3 bedrooms will tend to be penthouses. However, a condo doesn’t always have to be small. You can still find many with 1-2, and even 3-4 spacious bedrooms, along with big balconies. Prices of condos for rent may vary, depending on the condominium's completion date and location, particularly in relation to the condo's proximity to the main road and the BTS Skytrain System. But just how much is a nice condo in Bangkok? Here are some examples of average prices of condominiums in Bangkok:
Condominium Units | Average Monthly Rental Price |
Studio | 23 SQ.M - 35 SQ.M | THB 14,000 - 25,000 | USD 430 - 760 |
1 Bedroom - 2 Bedrooms | 50 - 60 SQ.M | THB 30,000 - 35, 000 | USD 912 - 1,064 |
3+ Bedrooms | 200 - 400 SQ.M | THB 70,000 - 150,000 | USD 2,129 - 4,562 |
Duplex Condo | THB 120,000 | USD 3,650 |
Luxury Condo Penthouse | 300 - 400 SQ.M | THB 150,000 - 300,000 | USD 4,562 - 9,124 |
3. Where The Nicest Condos Are Located In Bangkok, Thailand
You will find that most expats in
Bangkok choose to live within
Sukhumvit,
Silom and
Sathorn. This is mainly because these places are within Bangkok's CBD. Additionally, many might say it’s where all the fun and entertainment happens. For this reason, a majority of the best condos in Bangkok are located within these areas as well. In Sukhumvit, you will specifically find great condos in:
These are the most popular Sukhumvit neighborhoods for expats looking to buy or rent real estate in Bangkok. However, other places such as
On Nut,
Phra Khanong, and
Bang Na have begun to attract notice as well. You'll be able to enjoy a terrific expat community if you choose the proper location.
4. Should You Rent a Condo in Bangkok, Thailand? 2021-2022
What are the advantages of living in Bangkok? What makes Bangkok special? This city can provide you with a lovely combination of the past, present, and future. Bangkok is both current and traditional at the same time. One of Thailand's most well-known characteristics is its low cost of living, and while this may not always be the case, you will be surprised to experience the affordability Bangkok offers, whether you live in a cheap condo in Bangkok, a 1 bedroom condo for rent, or a really nice one. It is very much possible to live a luxurious and incredibly comfortable life in Bangkok without breaking the bank.
Moreover, Bangkok is just a 1-2 hour drive away from
Pattaya, 4 hours from
Hua Hin, and
more. And as previously mentioned, there are a lot of business opportunities in the city of Bangkok. This makes it relatively easy to find a job as a foreigner. If you’re looking to rent a condo in Bangkok with your partner and only one of you has a job, it won’t be long till the other finds one too.
5. What Is The Cost of Living In Bangkok?
Numbeo, the world's largest cost of living database, estimates that renting in Bangkok will cost you 73.70% lower than renting in New York City. Additionally, without rent, Bangkok has a 50.06% lower cost of living than New York. And without rent, a single person's average monthly expenses would cost around ฿19,653.30 / $597.73, whereas a family of four would, on average, spend ฿70,776.12 / $2,152.56 a month.
Still, these are all simply estimations. Your cost of living in Bangkok would largely depend on how you love to live. However, as mentioned earlier, it is very much possible to live comfortably in Bangkok without spending a whole lot of money.
6. Difference Between Apartment For Rent and Condo For Rent in Bangkok
Condominiums and apartments for rent are two different types of properties in Bangkok. A condominium is an individually owned residential building, each unit belonging to a separate owner. It usually consists of two or more units with common amenities such as corridors, laundry rooms, lobbies, pools, and gyms. Typically, investors purchase condo units with the intention of renting them out for a profit.
An apartment, on the other hand, is a type of residential dwelling that rents by square footage or floor space. Renters in an apartment complex share common indoor areas in the same way as condo residents do. Unlike condos, however, the majority of apartment buildings are owned by a single person, which is probably the biggest difference between the two properties.
If the property is closer to the BTS, there is a 95% chance that it’s a condo. Most of the time, condominiums are around 100 meters away from the BTS. You will find little to no apartments along the road to the BTS. This is because the land price is more expensive due to the convenience that is offered. It would not be worth it for an apartment owner to spend millions of baht for the land and the building just to have it rented as it would take too many years to make all of that money back. That is why it is more practical and wise to have a condominium built close to the BTS instead of an apartment, because the goal of condominiums is for units to be sold, and then rented, which makes for more profit. Apartment owners would rather build their buildings further from the BTS or main road. For this reason, a majority of condominiums are built by developers. Therefore, if you find a property that is situated deeper into the soi of Bangkok, that’s most likely an apartment.
7. How To Rent a Condominium In Bangkok?
Rental properties, which of course would include condominiums, in Bangkok are listed on a monthly basis, with a common rental length of 1 Year or more. Although, you can also discover condos that can be rented for shorter periods of time, such as 3-6 months. Before deciding on a place, it is important to let the agent or the property owner know how long or short you wish to stay. Please do keep in mind though that the landlord of the rental condo has the final say.
In Bangkok, if you wish to rent a place for only 3-4 months, then it is recommended that you consider renting an apartment. When renting apartments, renters will be able to sign short leases with flexible periods of notice if they choose this residential property.
In Thailand, the usual deposit is 2 months.
✦ What’s Usually Included In Condo Rent?
You’ll be glad to know that a majority of condominiums in Bangkok come fully furnished, and even equipped with electronic devices, and a few appliances.
➥ TV
➥ Fridge
➥ Microwave
➥ Washing machine (50% of the time)
In Bangkok, tenants are not responsible for common area and management fees, nor are they accountable for property insurance or residential taxes.
✦ What’s NOT Included In Condo Rent?
➥ Other essential household items: bedding, utensils, etc.
➥ Utility costs: electricity, water, WIFI
Air conditioner servicing is another common cost that is sometimes forgotten. It is your responsibility to have and pay for your aircon to be cleaned by specialists every 3-6 months, especially during the summer.
8. How Do I Find a Condo In Bangkok, Thailand?
The best way to find the right condo for you to rent is by working with real estate consultant agencies. Property agents are typically local experts who can help you uncover a variety of rental possibilities and negotiate the best rental rates for you.
The best part is that it is the landlord who pays the real estate agent / agency’s expenses. This means consultation is free. No finder’s fee or contract drafting fees either. You will be able to easily find the perfect condo you’d like to rent.
Before you work with property agents, however, please be informed that working as an agent in Thailand does not require a "Professional Real Estate License." Therefore, please double-check the credentials of the expert you wish to work with, and check their
social media, as well as website for
reviews.
AccomAsia has 26 years of proven track record of experience in luxury properties. We have had the privilege to serve over 10,000 international families, including Executives, Expatriates from Top international companies in Thailand, and the Embassy community. A variety of premium quality condos and properties, especially in the CBD area are available for your selection. Our experienced team can match a client's insight needs with the right
properties.
The following are typical services provided by a real estate agent:
➥ Property sourcing and scheduling viewings
➥ Rental process assistance
➥ Preparing lease agreements, inventory lists, and photo inventories to support them.
➥ Assisting with the property's check-in and check-out procedures.
9. What Facilities Do High-End Condos Provide In Bangkok?
The facilities in high-end luxury condos in Bangkok differ quite a bit from the usual condominium buildings. Here are some facilities that set them high above others.
10. Is Bangkok, Thailand Pet-Friendly?
✦ Pet Friendly Bangkok Properties For Rent
In a few areas in Bangkok, Thailand, pets are not permitted. Pets are not prohibited on most Thai transit systems and public spaces, such as the MRT, BTS, and local parks. Despite this, Thailand is growing increasingly pet-friendly. In fact, just in October of 2021, Grab launched
GrabPet, which is a new service that offers a Grab ride for pets and their owners at reasonable prices. Not only that, but there are a number of pet friendly condos that have been built, and in fact, are being built more now, as of 2021.
BTS Phrom Phong ( 900 M )
MRT Sukhumvit
BRT Arkhan Songkhro ( 92 M )
