The real estate market of the Land of Smiles is characterized by its many and varied offers. It is hard to decide between the many villas for sale in the seaside resorts or the condos for rent in Bangkok.
Here are a few tips to help you choose the best location for your residential investment, by city.
Bangkok, the World’s most Visited City
For the 4th consecutive year in 2018, Bangkok has been the most visited city in the world. It is the point of arrival of most of the tourists of Thailand thanks to its two major airports, and welcomes many expatriates.
Bangkok’s residential real estate market is very dense. Buyers and tenants can choose from many offers in all corners of the city.
Sukhumvit is a preferred residential area for expatriates. There are many properties located on the BTS (Bangkok Skytrain) axes, which allows for rapid transit to the center. On Nut and Phrakanong districts are the most affordable while Thong Lo and PhromPhong districts are the most expensive.
On the other side of the city, the Silom / Sathorn area hosts the Lumpini Park. There are several embassies, office buildings and luxury condominiums, and thanks to the MRT (Bangkok Underground), the zone is connected to the business district of Rama IX.
All these facilities make Silom / Sathorn the ideal area for wealthy professional expatriates.
Between Sukhumvit and Silom / Sathorn, Ratchathewi is a central area with shopping malls including Siam Paragon, MBK and skyscraper office buildings. It is also here that the two BTS lines cross with the Airport Link, making Ratchathewi close to all transport, attractions and shops.
Pattaya, a major tourist destination
Pattaya is a major tourist destination. But the city is more than just the center and its Walking Street. There are very good places to live in Pattaya all year round, in quiet residential areas.
Living in Central Pattaya allows you to be close to activities, shops and major highways. However, the proximity of the Walking Street and the passage of tourists makes this area a noisy place to live. This is why we recommend a lesser known, quieter neighborhood for expatriates : the Pratumnak-Jomtien area.
This southern district is close to the Big Buddha and Jomtien beach, cleaner and more pleasant than the main beach of Pattaya. You can find properties at 9 000 THB per month (270 €*) for rent or between 3 000 000 THB and 5 000 000 THB (90 000 € to 150 000 €*) for sale.
Phuket, the Andaman Pearl
The Andaman Pearl is the island of Thailand with the highest number of visitors. Each beach has its own atmosphere, and offers can be found just about everywhere.
Depending on the needs, the atmosphere and the budget wanted, the place will not be the same. The center of Patong is the gathering place of tourism with its festive spirit. This area is ideal to be close to everything : beach, shops and water activities, and even recommended if you don’t have a car or a scooter to move around.
For more peace and quiet, Kata, Karon and Nai Harn in the South of the island host a good expatriate community, with peaceful and authentic beaches. Bangtao beach is an attractive area for the wealthier, with restaurants, hotels and luxury beach clubs nearby. Finally, Kamala hosts the Millionaire’s Mile : as its name indicates, one can find many luxurious villas on the cliffs overlooking the sea.
Koh Samui : luxury villas and five-star hotels
Both natural and modern, Koh Samui is a postcard island considered an upscale destination with its luxury villas and five-star hotels.
Chaweng and Lamai are large and lively beaches, with restaurants, bars, markets… all the facilities you need to live all year round with your family and without getting bored. Being the two most famous areas, they offer the largest choice of apartments and villas.
Koh Samui villas are often luxurious and individual with private swimming pools. With sometimes 4 or 5 bedrooms, you can find them especially in Bophut, a district of choice for expatriates with its traditional “Fisherman’s Village”. The beach is more modest, but quieter than Chaweng. The mountainous topography makes it possible to settle in the heights, with a panoramic view of the sea and the neighbouring islands. However, it is necessary to have the financial resources, because for such properties the prices can exceed 18 000 000 THB (500 000 € *).
Only 2h30 away from the capital, Hua Hin is historically appreciated by the Thai royalty. The city is famous for its 11 golf courses including the Black Mountain and the Banyan.
Of all the destinations presented, Hua Hin is the least known to tourism. This is why it is the best choice for a quiet life away from the crowds. In the center, there are condominium apartments around the beach and the night markets of Cicada and Tamarind.
If you’re looking for a bit of adventure, you will find Hua Hin villas for sale built close to the golf courses for example in Black Mountain, Palm Hills or Banyan, between 3 000 000 THB (100 000 € to 200 000 € *). The offer of villas is cheaper than in Phuket or Samui, but it is recommended to have a car to get to the city center.
Thaï Property Group is a network of local real estate agencies, experts in Asia residential and rental properties. For any information about properties in these cities, do not hesitate to contact them !
* Prices in EUROS are rounded and given as an indication (actual prices in THB) based on the exchange rate at the time of this publication.