Plus Property conducted a real estate survey in regards to luxury condominiums in Bangkok recently and the results showed that there continues to be strong demand from both Thai and foreign customers for these types of units.
The property and facilities management company noted that prices for luxury condos rose 30 per cent in the past five years.
The research showed that there have been 22 luxury condominium projects put on the market since 2011. The majority of these projects are in the central business district with 75 per cent being found in the inner Sukhumvit and Silom-Sathorn areas.
Demand for world-class conveniences rises in Thailand
“Luxury condominiums are receiving good response due to their unique design, luxury, international image, use of premium materials, tastefully designed and foreign imported furniture, and warranty,” Anukul Ratpitaksanti, Deputy Managing Director, Plus Property Company says.
“These properties also have more extensive conveniences and facilities than other properties, including swimming pools, Jacuzzi, fitness facilities with 360 panoramic views, automatic parking facilities, sky lounges, movie theaters, pet zones, playgrounds, and limousine services.
Some properties even offer parking more than 100 percent parking, and charging stations for electric vehicles.”
One reason property developers are choosing to focus on luxury projects in these areas is due to mid-level and budget properties currently being affected by weakening purchasing power.
