Is buying a property in Sathorn a good investment?

Last updated on December 20, 2023

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

If you've admired the modern skyscrapers and financial hub of Sathorn, you may have envisioned securing a property in this dynamic Bangkok neighborhood, enjoying its corporate environment and cityscape.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Thailand, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Sathorn?

Sathorn, nestled in the heart of Bangkok, has evolved into a magnet for property buyers, offering a blend of attributes that set it apart from other real estate markets in the city.

When we delve into what makes Sathorn stand out, it's important to consider its journey to becoming a sought-after location.

Initially, Sathorn's rise to prominence in Bangkok's real estate scene began in the early 2000s. This was largely driven by its strategic location and development of infrastructure.

Sathorn's central position in Bangkok provides easy access to both the financial district and lifestyle hubs, making it a prime spot for those seeking convenience and connectivity. The extension of the BTS Skytrain services to Sathorn further bolstered its appeal, offering residents quick and hassle-free commutes.

Comparatively, Sathorn offers a unique blend of modern urban living and serene residential options. Unlike areas like Sukhumvit, which are known for their bustling nightlife and tourist appeal, Sathorn strikes a balance.

It's home to a mix of high-rise luxury condos, commercial buildings, and quaint residential areas. This diversity attracts a wide range of buyers, from young professionals to families looking for a peaceful yet connected urban life.

The area has also become synonymous with a cosmopolitan lifestyle. Sathorn is dotted with a plethora of international restaurants, chic cafes, and lifestyle amenities that cater to a diverse, global community.

This cosmopolitan flair is something you might not find as prominently in other districts like Silom or Phra Khanong, which have a more localized vibe.

However, it's crucial to understand that Sathorn's popularity isn't just a passing trend. The continuous development of commercial and residential properties indicates sustained growth and interest.

The demand for properties in Sathorn remains robust, backed by both the local market and international investors. The area's enduring appeal lies in its ability to offer a balanced lifestyle - a blend of business and leisure, modernity and tranquility.

Sathorn attracts a varied demographic. It's particularly appealing to expatriates and professionals working in multinational corporations, given its proximity to several embassies and international businesses. Its upscale residential options are also a draw for well-to-do Thais who seek a blend of luxury and convenience.

Yet, it's important to acknowledge some drawbacks. The very factors that make Sathorn attractive - like its central location and upscale developments - also contribute to higher property prices and living costs.

Additionally, the area can experience traffic congestion, a common challenge in central Bangkok areas.

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Why is Sathorn a nice place to live?

Living in Sathorn offers a unique and enriching experience, marked by a vibrant lifestyle and a blend of cultural influences.

As you consider making Sathorn your home, it's helpful to explore various aspects of life in this dynamic area.

Sathorn is known for its cosmopolitan culture. This area is a melting pot of local Thai traditions and international influences, creating a lively and diverse environment. The lifestyle here is modern and sophisticated, with an array of dining options ranging from street food stalls to upscale restaurants.

You'll find a mix of traditional Thai eateries alongside international cuisines, reflecting the area's global character.

The expatriate community in Sathorn is substantial, thanks to the presence of several multinational companies, embassies, and international schools. This diverse expat presence contributes to the area's multicultural vibe, making it a comfortable place for foreigners to settle.

Living in Sathorn does come with a higher cost compared to other parts of Bangkok. The area is known for its luxury condominiums and high-end living options.

However, the range of accommodations means you can find something that fits your budget, though it's generally on the pricier side due to the prime location and quality of living.

Safety in Sathorn is generally good, with well-maintained streets and reliable public services. Like any major city, it's wise to be cautious, especially at night, but the area is considered safe for both residents and visitors.

In terms of amenities and facilities, Sathorn is well-equipped. You have access to reputed educational institutions like St. Andrews International School and Bangkok Christian College.

For healthcare, top-notch hospitals such as BNH Hospital and St. Louis Hospital offer excellent medical services. Shopping enthusiasts will appreciate the proximity to high-end shopping centers like Central Silom Complex and The Mall Thapra.

The infrastructure in Sathorn is one of its strong points. The roads are well-maintained, and utilities like electricity and water supply are reliable.

Internet connectivity is excellent, with many providers offering high-speed options, essential for both work and leisure in today's connected world.

Accessibility is another highlight of living in Sathorn. It's well-connected to other parts of Bangkok, making commuting relatively straightforward. The area is served by the BTS Skytrain (with stations like Surasak and Chong Nonsi), which links Sathorn to various parts of the city.

For longer distances, the MRT system and Bangkok's extensive bus network offer additional options. Traveling to major transport hubs like Suvarnabhumi Airport or Don Mueang International Airport is also convenient, with expressways and public transport routes directly connecting Sathorn to these locations.

How much does it cost to buy real estate in Sathorn?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Thailand.

Buying a property in Sathorn is an investment that attracts a wide range of buyers due to the variety and quality of residential options available.

In Sathorn, the residential properties are diverse. You can find everything from modern apartments and condominiums to more traditional houses and, on the higher end, luxury villas. Each type caters to different lifestyles and preferences, making Sathorn a versatile choice for many.

Apartments and luxury condos are particularly in high demand in this neighborhood. This demand is driven by the area's appeal to both expatriates and well-to-do locals, who are drawn to the convenience, modern amenities, and the prestige associated with living in one of Bangkok's prime areas.

These properties often offer facilities like swimming pools, gyms, and security services, aligning with the lifestyle aspirations of the residents.

The property market in Sathorn features both new developments and resale properties. In recent years, there has been a surge in new condominium projects by reputed developers, catering to the increasing demand for upscale living spaces.

These new developments often come with a higher price tag due to their modern design, amenities, and the prestige of the location.

Speaking of prices, the cost to buy property in Sathorn can vary widely. The price per square meter for an average apartment or condo ranges from approximately 150,000 to 300,000 Thai Baht.

Although this can go much higher for luxury properties. This wide range is reflective of the diverse types of properties available, from more modest apartments to high-end, luxurious condos.

Over recent years, property values in Sathorn have shown a steady increase. This trend is attributed to the area's ongoing development, its status as a prime location, and the consistent demand for housing in this part of Bangkok. The appreciation in property values is also buoyed by the area's well-developed infrastructure and the lifestyle it offers.

Looking ahead, there are several factors that could influence the real estate market in Sathorn. Upcoming developments, both residential and commercial, and city planning changes can play a significant role.

For instance, new transportation projects or the development of community spaces can increase the attractiveness of the neighborhood, potentially driving up property values.

Predicting the future of the Sathorn real estate market, one might expect a continued interest in this area, especially if the trend of urban development, infrastructure improvements, and the influx of international residents continues. Properties in Sathorn are likely to remain a good investment due to these factors.

Where is the best area to buy a property in Sathorn?

When considering the best area to buy property in Sathorn it's essential to understand that Sathorn is not a monolithic area.

It has various sub-areas, each with its unique atmosphere, types of properties, and price ranges.

Let's start by exploring the different parts of Sathorn. The area near Sathorn Road, which is the main thoroughfare, is known for its bustling business environment. This area is dotted with high-rise office buildings, luxury condominiums, and five-star hotels.

The properties here are typically modern apartments and condos, appealing to professionals who want to live close to their workplace. Prices in this area tend to be on the higher side due to the prime location and the modern amenities these properties offer.

Moving towards the outskirts of Sathorn, the atmosphere becomes more residential and tranquil. Areas like Yen Akat and Soi Suan Plu offer a more laid-back lifestyle. These areas are characterized by a mix of older houses, new low-rise condos, and townhouses.

The prices here can be more affordable compared to the heart of Sathorn, making them attractive to families or individuals seeking a quieter environment but still wanting to stay within Sathorn

In terms of up-and-coming areas within Sathorn, one notable area is the vicinity around the Chong Nonsi BTS station. This area has seen a surge in development in recent years, with new condominium projects and commercial spaces popping up.

It's becoming a trendy spot for younger professionals and expatriates, drawn by its blend of accessibility and lifestyle options. The properties here are a mix of mid-range to luxury condos, offering modern living spaces with good connectivity to the rest of Bangkok.

For those looking to buy property in Sathorn, the areas around Narathiwas Road and Suan Plu Street are worth considering.

Narathiwas offers a nice balance between residential comfort and accessibility to the business district, making it ideal for those who want a peaceful living environment without being too far from the city center.

Suan Plu, on the other hand, has a more local feel with a bustling street market, smaller shops, and a range of dining options, providing a more authentic Bangkok experience.

Conversely, certain parts of Sathorn may not be advisable for everyone. Areas immediately adjacent to the main Sathorn Road might not appeal to those looking for a quieter, more residential atmosphere due to the heavy traffic and the business-centric environment.

Additionally, properties in these areas can be quite expensive, and the hustle and bustle might not suit everyone's taste.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Thailand.

Area	Atmosphere	Property Types	Price Range	Suitable For
Near Sathorn Road	Bustling business environment	High-rise condos, luxury apartments	Higher	Professionals, luxury seekers
Yen Akat & Soi Suan Plu	Residential and tranquil	Older houses, new low-rise condos, townhouses	More affordable	Families, those seeking quieter environment
Chong Nonsi BTS vicinity	Trendy, developing	Mid-range to luxury condos	Moderate to high	Young professionals, expatriates
Narathiwas Road	Residential, accessible	Mix of properties	Varied	Those seeking balance of comfort and accessibility
Suan Plu Street	Local, bustling	Various	Varied	Seekers of authentic Bangkok experience
Adjacent to Sathorn Road	Busy, business-centric	Expensive apartments	High	Those preferring urban lifestyle, less suitable for peace seekers

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Is there a strong rental demand in Sathorn?

Sathorn exhibits a strong demand for rental properties, which can be attributed to its unique blend of business and leisure amenities.

This demand encompasses both short-term and long-term rentals, although the specifics vary based on the target demographic and the type of property.

The target demographic for rental properties in Sathorn is quite diverse. It primarily includes expatriates working in multinational corporations, diplomats, and professionals in sectors like finance and law, given Sathorn's proximity to numerous embassies and corporate headquarters.

Additionally, there's a growing demand among young professionals and urbanites drawn to the lifestyle Sathorn offers.

When it comes to the profiles of potential tenants, expatriates often look for long-term rentals that offer a sense of stability and comfort. They typically prefer modern condominiums or serviced apartments that are fully furnished, with amenities like gyms, swimming pools, and high-speed internet. Security is also a major consideration for them.

On the other hand, young professionals and urbanites might lean towards more affordable options, yet still place a high value on modern amenities and convenient access to public transportation.

Specific areas within Sathorn that are particularly attractive for rentals include those near BTS stations like Chong Nonsi and Surasak. These areas provide easy access to the rest of Bangkok, making them ideal for people who prioritize connectivity.

Another sought-after area is the quieter, more residential part of Sathorn, such as Yen Akat, which appeals to those seeking a calmer environment while still being close to the city center.

Amenities play a crucial role in reducing vacancy rates. Properties that offer facilities like fitness centers, pools, high-security measures, and proximity to local amenities like restaurants, parks, and shopping centers are more likely to attract and retain tenants.

These features not only provide convenience but also enhance the overall living experience, making the property more desirable.

Regarding potential returns on investment, properties in Sathorn can offer attractive yields, although the exact numbers depend on various factors like the property's location, size, and amenities.

Generally, rental yields in Sathorn can range from 4% to 6% annually, which is quite competitive compared to other areas in Bangkok.

In terms of property types, modern condominiums, especially those close to BTS stations, are experiencing increasing demand. These properties not only cater to the lifestyle preferences of the target tenant groups but also offer better potential yields due to their popularity and convenience.

As Sathorn continues to develop and attract a diverse population, these types of properties are likely to remain in high demand, potentially offering higher returns for investors.

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Is it easy to buy a property as foreigner in Sathorn?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Thailand.

Buying property in Sathorn, Bangkok, as a foreigner comes with certain challenges and considerations, primarily due to Thailand's regulations and the unique aspects of its real estate market.

Firstly, it's important to understand the specific regulations and restrictions for foreign buyers in Thailand. Foreigners are not allowed to own land in their name; however, they can legally purchase condominium units.

In condominiums, up to 49% of the unit space can be owned by foreigners. This makes condos in areas like Sathorn particularly appealing to foreign investors.

Another option is to set up a Thai company to purchase land or a house, but this process is complex and requires adherence to strict legal requirements.

The purchasing process in Sathorn for foreigners typically involves several key steps. Once you've chosen a property, a reservation agreement and a deposit are usually required. This is followed by a due diligence process to ensure the property's legal status is clear.

The final step is the signing of the sales agreement and payment of the remaining balance. Transfers of property to foreigners usually take place at the Land Department.

One of the primary risks associated with property investment in Sathorn, or anywhere in Thailand, is the potential for legal complications, particularly related to property ownership rights and the legitimacy of land titles.

It's also crucial to be aware of the market dynamics and local real estate trends to avoid overpaying for a property.

Classic pitfalls or common mistakes that people face when buying property in Thailand include not conducting thorough due diligence, misunderstanding the legal restrictions on foreign ownership, and underestimating the total costs involved, including taxes and maintenance fees.

A unique aspect to be aware of is the difference in measurement units; Thailand uses the 'Rai, Ngan, and Wah' system, which can be confusing for those accustomed to square feet or meters.

Working with a local real estate agent or lawyer is highly recommended. They can provide invaluable assistance in navigating the complexities of the Thai real estate market, ensuring legal compliance, and aiding in communication.

Common exit strategies for property investors in Sathorn include selling the property after a period of appreciation or renting it out to generate rental income.

The rental market in Sathorn can be quite lucrative, especially if the property is in a desirable location and well-maintained.

However, it's important to stay informed about the local property market trends and potential shifts in demand to time your exit effectively.