What is the average house price in Bangkok?

Last updated on June 18, 2025

Authored by the expert who managed and guided the team behind the Thailand Property Pack

Yes, the analysis of Bangkok's property market is included in our pack

As we reach mid-2025, Bangkok's property market shows distinct price variations across different areas and property types.

Typical houses in Bangkok range from THB 2.6 million for studio condos to over THB 10 million for detached homes, with significant differences between central business district properties averaging THB 242,000 per square meter versus suburban areas at around THB 127,000 per square meter.

If you want to go deeper, you can check our pack of documents related to the real estate market in Thailand, based on reliable facts and data, not opinions or rumors.

Quick Summary:

Bangkok house prices in 2025 range from THB 2.6 million for studio condos to THB 10+ million for detached homes, with central areas commanding THB 242,000 per sqm versus THB 127,000 in suburbs.

The market shows steady growth with luxury condos appreciating 6% annually in prime areas like Sukhumvit, while emerging districts like Rama 9 offer better value at THB 100,000-150,000 per sqm.

Property Type	Average Price Range	Price per sqm
Studio Condo	THB 2.6 million	THB 120,000-150,000
1-Bedroom Condo (CBD)	THB 4.5 million	THB 242,000
2-Bedroom Condo (CBD)	THB 11 million	THB 242,000
Townhouse	THB 4-7 million	N/A
Detached House	THB 10+ million	N/A
Luxury Condo (Prime Areas)	THB 30+ million	THB 300,000+
Suburban Condo	THB 2.6-4.5 million	THB 127,000

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Thailand. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Thai real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Bangkok, Chiang Mai, and Phuket. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

Fact-checked and reviewed by our local expert

✓✓✓

Chalinna Salvin 🇹🇭

Co-Founder, Best BKK Condos

Chalinna, a Thai local, is the co-founder of one of Thailand's top real estate agencies for foreigners. She's also an expert on all the districts in Bangkok and knows the city's top development projects inside out. When it comes to negotiating, she's got you covered and will make sure you get the best deal possible. We spoke with her and added her insights to this blog post to bring a personal touch to our analysis.

How much does a typical house cost in Bangkok today?

As of June 2025, typical house prices in Bangkok vary significantly based on property type and location.

Studio condos start from THB 2.6 million (USD 71,470), while 1-bedroom condos in the central business district average THB 4.5 million (USD 120,114). Two-bedroom condos in prime areas reach THB 11 million (USD 303,209).

The average house price increased from 5.513 million THB (USD 162,147) per unit in 2023 to 6.733 million THB (USD 198,029) in 2024, representing a 22% increase. Detached houses and townhouses typically range from THB 4-10 million, with luxury properties exceeding THB 10 million.

It's something we develop in our Thailand property pack.

How do prices vary by property type?

Bangkok's property market shows distinct pricing patterns across different property types.

Condominiums in the central business district command the highest prices at THB 242,000 per square meter, while suburban condos average THB 127,000 per square meter. Newly built average condos generally cost around 90,000 baht per square meter, while super luxury condos can exceed 300,000 baht per square meter.

Low-rise houses in Greater Bangkok average THB 7.0 million (USD 190,000), while townhouses typically range from THB 4-7 million. An average one-bedroom condo with few amenities in Bangkok's suburbs generally costs about 1 million baht to 2.5 million baht.

Luxury and super-luxury condos, as well as branded residences with prices ranging from 320,000-350,000 baht up to 400,000-500,000 baht per square meter, are performing very well with sales over 80%.

Which neighborhoods are most expensive, affordable, and up-and-coming?

Bangkok's neighborhoods show dramatic price variations based on location and development status.

The most expensive areas include Lumpini, where condos often cost above 300,000 baht per square meter, and Silom district. Sukhumvit, particularly areas like Asoke, Thonglor, and Phrom Phong, command premium prices between THB 150,000-300,000+ per square meter.

More affordable options include Bang Na, Ratchada, and areas further from the city center where prices may be closer to THB 100,000 per square meter. You can buy an apartment at S&S Sukhumvit, in a suburban yet fast-growing area, for just 70,000 baht (~US$2,500) per square meter.

Up-and-coming areas include Rama 9, Ratchada, and Huai Khwang, which represent the "New CBD" with prices ranging from THB 100,000-150,000 per square meter. The Ari district shows strong demand with rising property prices and good investment potential.

What are real examples of current purchase prices?

Current market examples provide concrete pricing references for different property types in Bangkok.

Property Type	Location	Price (THB)
Studio Condo	General Bangkok	2.6 million
1-Bedroom Condo	CBD	4.5 million
2-Bedroom Condo	CBD	11 million
3-Bedroom Luxury Condo	CBD	30+ million
Low-rise House	Greater Bangkok	7.0 million
Detached House	Prime Areas	10+ million
Suburban Condo	Outer Bangkok	1-2.5 million

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How have house prices changed over the past 5 years and last year?

Bangkok's property market has shown steady growth over the past five years with some recent acceleration.

The House Price Index for single-detached houses in the capital region rose by 2.41% year-on-year (1.40% inflation-adjusted), while townhouse prices increased by 3.19% (2.27% inflation-adjusted). The condominium segment experienced notable deceleration, with price growth slowing from 7.20% year-on-year in Q3 2024 to 2.46% (1.45% inflation-adjusted) in Q4 2024.

The average house price increased from 5.513 million THB in 2023 to 6.733 million THB in 2024, representing a 22% increase. In the past decade, the average price of a condo in Bangkok rose by more than 40%, but the pace of price increases has slowed, with a rise of 30% on average in the past five years and 10% in the past three years.

The resale value of condos in Sukhumvit has been climbing at an average rate of 6% annually over the past three years.

What are the price forecasts for 1, 5, and 10 years?

Property price forecasts for Bangkok show moderate growth expectations across different timeframes.

Dr. Sopon predicts that in 2025, the overall housing market in Bangkok and its vicinity will increase by about 10% compared to 2024. Experts predict an annual price appreciation rate of 3% to 5% for condos in Bangkok in 2025.

For the medium term (5 years), continued gradual appreciation is expected, with the House Price Index projected to reach higher levels driven by economic growth and infrastructure development. Thailand's economy is expected to continue its steady growth trajectory, with the World Bank projecting a GDP growth of 3.6% in 2025.

Long-term forecasts (10 years) suggest steady, moderate growth, barring major economic shocks. The market benefits from ongoing urbanization and the migration from rural areas to Bangkok, which continues to drive housing demand.

How do Bangkok prices compare to other major Southeast Asian cities?

Bangkok's property prices position it competitively within the Southeast Asian market context.

Finding a centrally located condo in Bangkok for less than $7,000 per square meter is a challenge, especially if you want to be within walking distance of a BTS station. This price gap is striking, especially considering that Kuala Lumpur is geographically close to Singapore, where condos in prime areas start at $15,000 per square meter.

Compared to other regional markets, Bangkok often commands higher prices than Kuala Lumpur but remains significantly more affordable than Singapore. However, Malaysia imposes higher taxes on rental income and capital gains, which could impact net returns, while Bangkok's higher price-to-income ratio suggests properties may be less affordable relative to local incomes.

It's something we develop in our Thailand property pack.

What is the average cost per square meter by area and property type?

Cost per square meter varies dramatically across Bangkok's different districts and property categories.

Area/Type	Price per sqm (THB)	USD Equivalent
CBD (Central Business District)	242,000	$6,720
Sukhumvit Premium	150,000-300,000+	$4,170-$8,330+
Silom/Sathorn	130,000-220,000	$3,610-$6,110
Rama 9/Ratchada	100,000-150,000	$2,780-$4,170
Ari/Phahonyothin	100,000-160,000	$2,780-$4,440
Suburban Bangkok	72,000-127,000	$2,000-$3,530
Luxury/Super-Luxury	320,000-500,000	$8,890-$13,890

infographics rental yields citiesBangkok

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Thailand versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What additional fees and costs should buyers expect?

Property purchases in Bangkok involve several mandatory fees and taxes beyond the listing price.

Transfer fees have been temporarily reduced to 0.01% (from 2%) for properties up to THB 7 million until June 2026 for Thai buyers. Mortgage registration fees are similarly reduced to 0.01% (from 1%) for properties up to THB 7 million.

Stamp duty remains at 0.5% of the sale price or appraised value. Withholding tax (capital gains) is 1% of sale price for individuals and 20% for corporate sellers. Land & Building Tax ranges from 0.02%-0.1% for residential properties.

Legal fees typically cost 1-2% of the purchase price, varying by law firm. Many condos require management fees covering upkeep costs, staff, and other expenses, with expect to pay around 500 baht per square meter of space on an annual basis. Foreigners may face additional remittance and compliance costs.

How do mortgages work for locals and foreigners?

Mortgage availability and terms differ significantly between Thai nationals and foreign buyers.

For Thai locals, loan-to-value ratios can reach up to 100% for first homes under THB 10 million (2025-2026). Interest rates typically range from 4.9-5.9% per year, with terms up to 30 years. Requirements include stable income, good credit, and down payment.

Foreign buyers face more restrictions. Eligibility is possible for condos but stricter for landed property, with LTV typically 50-70% for condos in Bangkok. Interest rates range from 5-8% (can reach 12% via brokers). Requirements include long-term visa, local income, good Thai credit rating, or Thai spouse as guarantor.

Alternative financing options include overseas mortgages or specialized property loan services for up to 50% of condo value. Interest rates for mortgages in Thailand typically range from 3% to 5%, depending on the lender and borrower's credit profile.

What are the smartest investment choices right now?

Current market conditions favor specific property types and locations for different investment strategies.

Prime condos in Sukhumvit, Silom, and Sathorn offer high rental demand, strong expat appeal, and good liquidity. Investing in mid-range condos in Bangkok can yield annual returns between 4% and 6%, with Central Bangkok condos offering consistent rental yields within this range.

New and off-plan projects often provide discounts and higher appreciation potential. Up-and-coming areas like Rama 9 and Ratchada offer lower entry prices, higher rental yields (5-7%), and strong growth prospects.

Family zones like Bang Na and Udom Suk work well for long-term rental or resale, especially near international schools. Boutique condos in areas like Ari and Phahonyothin offer limited supply and strong resale value.

It's something we develop in our Thailand property pack.

Which areas offer the best value and potential returns?

Bangkok's property market offers varying value propositions depending on investment goals and budget.

Rental yields range from 4-6% in central areas, up to 7% in new business districts. The average rental yield for condos in Bangkok is estimated to be between 4% and 6% annually, varying based on factors such as location, unit size, and market demand.

Best value options include suburban condos and townhouses for entry-level buyers, with areas like Rama 9, Bang Na, and Lat Phrao offering growth potential. These areas provide more affordable entry points while still maintaining good connectivity to central Bangkok.

For luxury investment, Sukhumvit, Riverside, and Phrom Phong properties offer capital appreciation and prestige. Super-prime condos and prime condos have achieved sales of over 80%, indicating strong performance in the luxury segment.

The increasing number of expatriates residing in Bangkok, which grew by 7.1% in 2024, particularly from China (28%), the Philippines (25%), and Japan (14%), supports rental market growth and investment potential in prime locations.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Bangkok's property market in 2025 presents a mature landscape with diverse opportunities across different price segments and locations.

While central areas command premium prices, emerging districts offer better value propositions for investors seeking growth potential and higher rental yields in Thailand's dynamic capital city.