How much is a condo in Bangkok?

Type Price per Square Meter
Luxury 180,000 – 250,000 baht
High End 100,000 – 170,000 baht
Mid Market 70,000 – 100,000 baht
City Condo Lower than 70,000 baht

How much does a condo cost in Thailand?

In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared). This would be the price of a basic condo away from the BTS / public transport and built by a developer such as Lumpini.

Can a foreigner buy a condo in Bangkok?

Foreigners are legally able to purchase up to 49% of the registrable area of a Condominium Project (Foreign Quota). The remaining 51% can only be owned by Thai nationals or Thai entities. Therefore foreigners looking for a straightforward and hassle free property in Bangkok, is advised to consider buying a condo.

How much does condo cost in Bangkok?

Newly built average condos generally cost around 90,000 baht per square meter while super luxury condos can cost more than 250,000 baht per square meter. Naturally, condos in high-demand prime areas like Lumpini or Silom are going to cost far more than suburban districts.

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How much is an apartment in Bangkok?

Between 2,500-4,000 baht per month ($84-$120) will rent you a one room ‘apartment’ in a Thai-style building. The buildings are usually clean and well taken care of, and some have security too.

Is it worth buying a condo in Bangkok?

The reason why most foreign nationals consider buying condos in Thailand, particularly in Bangkok, is because the selling price for a condo for sale in Bangkok, or even a luxury condo in Bangkok and other cities and provinces in Thailand are generally more affordable than in many other countries, especially as there …

Is it easy to buy a condo in Thailand?

Buying a condo is generally the only way foreigners are allowed to purchase real property in Thailand outright. Other options include negotiating a long term lease (up to 30 years) or buying real property using a Thai dummy corporation, a practice which, although common, is technically illegal.

What is a good salary in Bangkok?

The average Thai salary is less than 20,000 baht a month, and most Thais manage to survive on that quite well. Yes, they will often be sharing an apartment or a house with family or friends, but they do live a reasonably comfortable lifestyle.

Where do the rich live in Bangkok?

Pathumwan is a mix of local and foreign residents in academics, the medical profession, diplomats at foreign embassies, business professionals and a sprinkling of wealthy retired people who keep pied-à-terres in Bangkok. “Some of Thailand’s wealthiest families live in Pathumwan,” Mr.

How many condos can a foreigner own in Thailand?

Under Thai law, up to 49% of the unit area of any condominium may be owned by foreigners.

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Can I live in Thailand permanently?

Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.

Is Bangkok Dangerous?

Bangkok is generally a safe city, but there are a few things to be aware of: In recent years, Bangkok has been the site of political protests that have occasionally turned violent; check your embassy’s advisory travel warnings before leaving.

Can a foreigner buy a condo in Thailand?

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

How Long Will 1000 dollars last in Thailand?

1000$ could last less than a week. You can eat for about 3$ a day – so 90$ a month. The rest on alcohol lol! So if you live live a poor Thai, you could manage 2 months or more.

What is considered rich in Thailand?

A reasonable ballpark would be a hundred million dollars to be considered rich in Thailand, including the person’s or household’s business valuation, investment portfolio, residential property and other asset classes.

How much is average rent in Bangkok?

Housing- Average Rents

That translates to approximately 154 to 308 dollars per month. Apartments that more closely resemble the western comforts start at about 15,000 baht, or 462 dollars per month.

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Notes from the road