Should you buy a condo in Bangkok now? (Sept 2025)

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

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

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 Bangkok. 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 Bangkok'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.

What are condo prices right now across Bangkok's main areas, and how do they compare to five years ago?

As of September 2025, Bangkok condo prices average THB 150,000 per square meter citywide, representing significant growth from the THB 100,000-120,000 range seen five years ago.

Premium zones like Sukhumvit, Thonglor, and Phrom Phong now command THB 180,000-300,000+ per square meter, while central business districts including Sathorn and Silom range from THB 130,000-220,000 per square meter. Trendy expat areas like Ari typically price between THB 120,000-180,000 per square meter.

New business districts such as Rama 9 and Ratchada offer more accessible entry points at THB 100,000-150,000 per square meter, while outer suburbs remain the most affordable at THB 72,000-100,000 per square meter. The Bangkok condo market has experienced year-on-year growth averaging 3.4-7%, though growth slowed after 2022 before recovering strongly in the past two years.

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

How much rental income can you realistically expect in different neighborhoods, and what yields are typical?

Bangkok's condo market delivers gross rental yields averaging 6.05% overall, with significant variations across districts and property types.

Central and prime areas like Sukhumvit and Thonglor generate yields of 3.5-5.5%, while emerging districts including Huai Khwang, Phra Khanong, and Chatuchak deliver higher returns of 6-8.5%. Budget suburbs often achieve 7-8% yields, particularly for studios and smaller units that attract young professionals.

For concrete examples, a one-bedroom unit worth THB 120,000 in Sukhumvit typically rents for THB 22,000 per month (yielding approximately 5.5%), while the same investment in Rama 9 might rent for THB 15,000 monthly but deliver a higher yield of around 7% due to lower purchase prices.

These rental yields make Bangkok competitive compared to other major Asian cities, especially when combined with the city's stable currency and growing economy.

Which areas of Bangkok currently give the best balance between price, rental demand, and long-term growth?

Emerging business districts provide the optimal investment balance in Bangkok's current market landscape.

Rama 9, Huai Khwang, Phra Khanong, and Chatuchak districts offer the sweet spot of affordable entry prices combined with high rental yields ranging from 6-8.5%. These areas benefit from ongoing infrastructure development, including new mass transit connections and commercial developments that drive both rental demand and long-term appreciation potential.

Prime corridors like Thonglor, Phrom Phong, and Sathorn deliver superior long-term value appreciation prospects but at the cost of lower rental yields due to higher acquisition prices. These established areas appeal to investors prioritizing capital growth over immediate income generation.

The emerging districts particularly attract young professionals, expatriates, and local workers who value proximity to business centers while seeking more affordable rents than prime locations demand.

If you're buying to live in, what are the pros and cons compared to renting a place instead?

Factor	Buying	Renting
Financial Benefits	Equity building, price appreciation, tax benefits	Lower upfront costs, no property taxes
Flexibility	Customization freedom, long-term stability	Easy relocation, no long-term commitment
Costs	High capital outlay, maintenance, fees	Monthly rent only, no repair costs
Risk	Market value fluctuations, slower liquidity	Rent increases, potential displacement
Control	Full property control, renovation rights	Limited modifications, landlord dependence
Investment	Wealth building through appreciation	No equity, rent as pure expense
Maintenance	Full responsibility for repairs/upkeep	Landlord handles major maintenance

If you're buying to rent out, how strong is tenant demand and what rental rates are achievable?

Tenant demand remains robust across Bangkok, particularly in transportation-accessible areas, expat-friendly neighborhoods, and emerging business districts.

New developments in prime areas command premium rents but face increased competition from similar properties, while older units in high-demand districts often rent more quickly due to better value propositions. Young professionals and expatriates drive consistent rental demand, especially for one-bedroom units and studios in well-connected locations.

Current achievable monthly rents for one-bedroom condos include THB 22,000-35,000 in Sukhumvit and Thonglor areas, THB 15,000-22,000 in Rama 9 and Huai Khwang districts, and THB 10,000-15,000 in outer suburban locations. Studios typically rent for 20-30% less than one-bedroom units in the same buildings.

Properties with modern amenities, good building management, and proximity to BTS or MRT stations achieve higher rents and lower vacancy periods in Bangkok's competitive rental market.

If you're buying to resell later, how easy is it to find buyers and what factors drive resale value?

Liquidity in Bangkok's condo resale market varies significantly by location, building quality, and market conditions, with prime areas offering the fastest turnover.

Condos in prime, well-known areas and new buildings with quality amenities typically achieve the highest liquidity, while properties in emerging districts may require longer marketing periods but often deliver stronger price appreciation. Buyer demand centers on location proximity to mass transit, building quality and age, available facilities, and overall neighborhood development.

Typical resale timeframes range from 3-6 months for prime units in established areas to up to one year for properties in less desirable locations or older buildings. Factors that accelerate sales include competitive pricing, modern facilities, good building management, and strong transport connectivity.

The Bangkok condo resale market benefits from both local buyers seeking upgrades and foreign investors attracted to the city's growth prospects and relatively affordable prices compared to other Asian capitals.

What scenarios could play out in the Bangkok condo market over the next five years?

The Bangkok condo market faces multiple potential scenarios through 2030, with stable growth being the most likely outcome based on current fundamentals.

The base case scenario projects steady price growth of 2.5-5% annually, supported by continued urbanization, infrastructure development, and Thailand's tourism recovery. Mass transit line extensions could significantly boost prices in outer districts currently served by new BTS and MRT connections, particularly benefiting areas like Bearing, Samrong, and stations along the Pink and Yellow lines.

Upside scenarios include accelerated foreign investment due to Thailand's improved visa policies and economic recovery, potentially driving 5-8% annual appreciation in prime areas. However, risks include potential oversupply in both budget and luxury segments, global economic volatility affecting foreign buyer demand, and possible changes in property ownership laws or taxation policies.

Infrastructure expansion remains a key catalyst, with ongoing projects likely to transform accessibility and desirability of previously peripheral areas over the next five years.

What property types offer the best investment potential right now, and why?

Mid-range condos in emerging business districts currently offer the strongest investment potential in Bangkok's market.

Studios and one-bedroom units deliver the highest rental yields because they target young professionals and foreigners who represent the most active rental demographic. These property types rent fastest and typically generate yields of 6-8% in well-located buildings with good facilities and management.

Older buildings in prime locations with lower price per square meter present attractive opportunities for value investors willing to accept slightly lower rental rates in exchange for superior long-term appreciation potential. Properties in established areas like Thonglor or Sathorn often provide the best combination of steady rental income and capital growth prospects.

New developments in emerging districts like Rama 9, Huai Khwang, and Phra Khanong balance modern amenities with affordable entry prices, making them ideal for investors seeking both current income and future appreciation as these areas continue developing.

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

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.

Is now a good time to buy a condo in Bangkok, and what economic or policy factors matter most?

September 2025 presents favorable conditions for Bangkok condo purchases, with multiple positive factors supporting market momentum.

The combination of stable pricing, solid rental returns averaging 6-7%, and ongoing infrastructure investment creates an attractive investment environment. Thailand's tourism rebound continues strengthening rental demand, while mass transit extensions and government development incentives support long-term growth prospects.

Key supportive factors include the Thai government's continued infrastructure spending, stable political environment, and policies encouraging foreign investment in real estate. The baht's relative stability and Thailand's economic recovery following global uncertainties also provide positive backdrop for property investment.

However, investors should monitor global economic volatility, potential changes in property ownership laws or taxation policies, and oversupply risks in certain luxury market segments. Overall, current fundamentals support cautiously optimistic investment decisions in Bangkok's condo market.

What are the taxes, fees, and ongoing costs you'll face when buying and owning a condo?

Bangkok condo ownership involves several upfront and ongoing financial obligations that buyers must factor into their investment calculations.

Initial transaction costs include a 1-2% transaction fee based on the sale price, a 2% transfer fee typically split between buyer and seller, and potential income tax on sale using a sliding scale up to 3% depending on holding period and profit margins. Foreign buyers must also budget for legal fees and currency exchange costs when transferring funds from overseas accounts.

Annual ongoing costs include property tax of approximately 0.02-0.1% of assessed value and common area maintenance fees ranging from THB 35-80 per square meter monthly, depending on building amenities and management quality. Utility costs, insurance, and potential property management fees for rental properties add to total ownership expenses.

These costs generally total 3-5% of property value in the first year, then 2-3% annually thereafter, making them manageable compared to total investment returns in Bangkok's current market conditions.

What's the full step-by-step process of buying a condo in Bangkok as a foreigner or local?

The Bangkok condo purchase process follows a structured sequence that typically takes 4-8 weeks from initial reservation to final ownership transfer.

1. **Property selection and reservation:** Identify target property, negotiate price and terms, pay reservation deposit (usually 1-5% of purchase price)2. **Contract signing and deposit:** Execute formal purchase agreement, pay additional deposit (typically 10-30% of total price), establish timeline for due diligence and closing3. **Due diligence period:** Verify building permits, ownership documents, building management quality, check for liens or legal issues, arrange financing if needed4. **Foreign buyer compliance:** Transfer purchase funds from overseas account in foreign currency, ensure compliance with 49% foreign ownership quota, engage legal counsel for document review5. **Final payment and transfer:** Pay remaining balance and all transfer fees/taxes, attend Land Office for official ownership registration, receive ownership documents and keys6. **Post-purchase setup:** Arrange utilities connection, building registration, property management if rental investment, insurance coverage

Foreign buyers must use reputable agents and legal counsel familiar with Bangkok's property laws and ensure all documentation meets Land Department requirements for smooth ownership transfer.

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

How easy is it to resell a condo later, and what's the typical timeframe to find a buyer?

Bangkok condo resale success depends heavily on property location, building condition, market timing, and pricing strategy.

Properties in prime zones with strong transport connectivity typically find buyers within 3-6 months when priced competitively, while older buildings or those in less desirable locations may require 8-12 months or longer. New buildings with modern amenities and professional management generally achieve faster sales than older properties requiring renovation or those with poor building maintenance.

Market momentum significantly affects resale timelines, with strong demand periods reducing sale times by 30-50% compared to slower market conditions. Factors that accelerate sales include competitive pricing relative to similar properties, modern facilities and good building reputation, proximity to BTS or MRT stations, and professional marketing through established real estate agencies.

Sellers should expect to invest in minor renovations or staging to maximize appeal and consider offering flexible payment terms or incentives during slower market periods to attract serious buyers more quickly.

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.

Sources

1. Amazing Properties - Bangkok Condo Market Outlook June 2025
2. CondoDee - Bangkok Condo Prices Guide 2025
3. BambooRoutes - Bangkok Average Condo Price Per Sqm
4. Global Property Guide - Thailand Rental Yields
5. PropertyHub - Bangkok Condo for Sale
6. Knight Frank - Bangkok Condominium Market Q1 2021
7. Bangkok Post - Bangkok Condo Price Index Up 3.4%
8. Global Property Guide - Thailand Price History
9. Agent Condo - Bangkok Condo Investment Rental Yield
10. Agent Condo - Bangkok Condo Prices 2025 Forecast