"Can I buy property in Thailand?"

Thai property laws are a topic of concern for international property buyers, saying it's "confusing" or "convoluted". But don't worry, buying property in Thailand is relatively straightforward and the laws aren't as difficult to follow or understand as you think. Today, we're going to give you a brief walkthrough of the different Thai property laws, the restrictions, and details of foreign property ownership in Thailand.

Is it possible for foreigners to buy property in Thailand?

To answer that question, plain and simple, it IS legally possible for foreigners to buy property in Thailand. Foreigners are allowed to own property with some restrictions. Foreigners are allowed to own condos but are prohibited from entirely owning land (such as villas or townhouses).

Foreigners can follow these three rules on property ownership in Thailand:

1. Foreigners can own condos.
2. Foreigners can't own land in Thailand entirely.
3. Structures and buildings located on a plot of land, however, are permitted.

The easiest method of a foreigner owning real estate as well as having their name registered on the title deed (known in Thai as "chanote", โฉนด) is to actually buy a condo. Make sure to also verify that the title deed is real and that it is indeed designated as the official title deed of the actual property, all of which can be done at the land department.

Note that over the years, foreign buyers and lawyers have been able to come up with alternative measures towards ownership structures to get around the strict Thai property ownership restrictions. These alternatives offer "indirect control" over investments and enjoyment of land ownership benefits.

Can foreigners own villas, houses, or townhouses, or land?

As stated before, foreigners are legally prohibited from owning land under their name in Thailand. Fortunately, Thailand's legal framework offers some ownership and control alternatives to foreigners. While direct ownership and title deed registration is not possible, alternative holding structures allow foreigners to enjoy and "indirectly" control land usage.

The most common methods of ownership structures used for "indirectly" owning or enjoying landed property usage are usually buying a leasehold or buying property through a Thai company.

Foreigners' land acquisition for residential purposes

A foreigner bringing in money of no less than 40 million THB (1.13M USD at the time of writing), as specified in the Ministerial Regulation, into the Kingdom of Thailand for investment may apply for acquisition of land, not exceeding one rai, for residential purposes provided that permission has been granted by the Minister. According to section 96 bis of the land code, the land acquisition application must comply with rules and conditions established in the Ministerial Regulation. Furthermore, the land size in any acquisition for residential purposes must not exceed 1 rai (1600 sqm.).

Foreigners' land acquisition for commercial purposes

In the case of setting up a company, a foreigner can establish a company that owns land, but the majority of the company's shares must be held by Thai nationals. Thais must hold more than 51% of the shares. In this case, the land ownership will be in the name of the company, not in the name of the foreigner.

The three simplest ways for a foreign buyer to own property in Thailand

1. Buying a condo

Buying a condo is the simplest and most hassle-free method for foreigners to own a property in Thailand. Foreign owners of the condo will be registered on the title deed and will benefit from a special freehold title known as the "Condominium Freehold" title.

Simply put, the Condominium Freehold Title is the division of a residential building into individual condominium units, each of them benefiting from co-ownership of common areas and co-owner association (such as juristic management office or building amenities).

In compliance with the Condominium Act B.E. 1979, condos are required to ensure that only 49% of the condo's registerable area can be foreign-sold (also known as Foreign Quota), while the remaining 51% must be Thai-owned. If the foreign quota of the condo is sold out, foreigners can only acquire condo units in the building on a leasehold basis.

2. Buying Leasehold Property

One alternative is to simply acquire land on a leasehold basis, in which the maximum lease on land period in Thailand is 30 years (with an addition of two subsequent renewals, making the total lease 90 years).

Despite a leasehold not offering ownership rights, it does offer the leaseholder exclusive rights to the use of that property. Leasehold rights are registered on the title deed and will easily allow the foreigner to enjoy a property without the hassle of ongoing additional paperwork.

This solution may be intriguing for retirees looking for a holiday home.

3. Buying property through a Thai company

Certain buyers might prefer a holding structure with more ownership rights as compared to a leasehold title. In this case, foreigners can set up a Thai company for property acquisitions, this method sitting in the "grey area" of the Thai legal system. However, this method is not recommended by the Thai government and land offices overseeing overseas property transfers.

For a company to be considered "Thai Entity", at least 51% of the shareholding must be Thai-held. The authorities' main concern is that the unauthorized use of "Nominee Thai Shareholders" are essentially "Fake investors" used to facilitate property acquisitions.

Provided that foreigners comply with the law (using real shareholders and/or Thai partners), however, this options also offers a good degree of indirect ownership and control. This ownership structure is typically used by investors to buy landed property such as villas with a spouse or foreign developers acquiring developable land plots.

4. Factors to consider for foreign land ownership

The following are other requirements for foreign land ownership in addition to the maximum investment of over 40M baht or the 49-51 ownership ratio:

• The investment must remain in Thailand for over five years.
• Permission must be granted from the Ministry of Interior.
• Land size for industrial or agricultural purposes must not exceed 10 rai (16000 sqm.).
• Invest must be buying Thai government bonds, buying Real Estate Investment Trust (REIT), or investing in a BOI-promoted business.

Why does Thailand impose these foreign property ownership regulations

Though these regulations may seem strict and inflexible, they are in place to protect Thailand's social and economic development.

First off, the regulations are in place for the protection of certain strategic national interests, most notably agricultural land (protection of food supplies) and land with mineral deposits (mineral deposits, for instance).

Secondly, the Kingdom's real estate, even in the capital of Bangkok, is relatively affordable and is a potential influx of overseas investors could bring an unintentional property price inflation.

In order to avoid such situation in London, Hong Kong, or New York where property prices have risen as a result of international buyers, Thailand enforces these laws in hopes to maintain balance and minimize disruption, ensuring no Thais are displaced and "priced out" of their housing needs.

Potential changes to foreign real estate laws in Thailand

The economic shock as a result from the COVID-19 pandemic has sparked a potential change in foreign property ownership laws in 2021, with proposals for a change serving as an opportunity revive the affected real estate market in Thailand.

Changes to the 49% foreign quota ratio

Foreigners could potentially be allowed to own between 70 to 80% of the condominium, albeit with some restrictions on annual general meeting voting rights.

Foreigners might be allowed to buy landed property

The landed properties would have to be part of a "housing project" and would be subject to the foreign quota ratio in which only 49% of a low-rise housing compound may be foreigner-owned.

Land lease extensions

Land leases could potentially be extended from the usual 30 years to 50 years.

Are these changes confirmed?

Despite being a good sign for Thailand's real estate market, keep in mind that these legal changes are merely speculation at this point. The idea of foreign real estate ownership is a relatively controversial topic. Thailand is still facing a third wave of COVID-19 and the Thai government's attention is likely to be more immediate.

Should foreigners buy condos or landed property?

It all comes down to the buyer's personal lifestyle preferences or investment plans.

Landed property tends to offer excellent value on a price-per-square-meter basis, with an additional advantage in the form of greater control over the land and building. On the other hand, due to the shared nature of condos, renovation and privacy can be severely restricted.

Conversely, condos offer the simplest and flexible property type, allowing a hassle-free acquisition with a straightforward "exit strategy" for foreign buyers. As a result of essential support services provided by the condo such as security, key-holding services, and maintenance, they tend to be attractive turkey rental investments. The convenience and flexibility offered by condos make it an excellent choice for various foreign buyers.

Conclusion

If you have made it this far in the article, then you'll know that buying property in Thailand for foreigners is nowhere as difficult or intimidating as it seems, even with the remaining placement of the existing Thai real estate laws and regulations. All you will need to do is remember to follow the rules and you should be able to buy your desired properties easier than you expect!

Have further questions? Contact us!

We hope we answered most, if not all of your questions regarding foreigners' guide to buying property in Thailand. However, if you still have further questions, don't hesitate to speak up! Our property consultants will be very happy to assist you. In the meantime, let us know what you think in the comments below!

"How do I get an FET in Thailand?"

Foreign buyers who are looking to purchase a new condo in Thailand will have to comply with a series of strict regulations and documents will be required as per the Thailand Condominium Act, one of which is the Foreign Exchange Transaction (FET) Form.

What is the Foreign Exchange Transaction Form (FET)?

The Foreign Exchange Transaction Form (FET) (formerly known in Thai as the Thor Tor 3, ต.ท.3) is an official statement by an authorized Thai bank of the exchange of foreign currencies into THB. It is essential when transferring money from overseas for purchasing Thailand real estate, complying with the Bank of Thailand (BOT)’s Foreign Exchange Policy. Simply put, the FET document is proof of foreign currency transfer into Thailand along with its conversion to Thai baht by a Thai bank.

The FET form must be shown to the Land office and must include the foreign buyer’s name identified as either a sender or receiver of the money from an overseas bank.

Contents of an FET form

1. Transferred amount as foreign currency.
2. Transferred amount converted into THB.
3. Name of money sender.
4. Name of money receiver.
5. Purpose of money transfer.

Getting an FET Form

While transferring money from overseas into Thailand for purchasing real estate may seem relatively easy, it is easier said than done as foreign buyers will have to follow a very specific set of procedures to do so.

To get the FET form that follows the regulations of the Bank of Thailand and the requirements of the Land Office, foreign buyers will have to ensure the following:

1. The condo’s full price is transferred as a foreign currency, the transferred condo full price as a foreign currency will then be converted to THB by the receiving Thai bank.
2. Said transfer should include the foreign buyer’s name, sender, receiver, or at the very least in the purpose of transfer.
3. Mention the purpose of transfer in the bank application form of the remittance transfer.

It’s also worth noting that an FET form will only be offered for transfers exceeding 50,000 USD. Otherwise, read on to see what are your alternatives in case your transfer amount is below 50,000.

Example of a purpose of transfer note

“Money transfer for the purchase of [unit number], on [floor], in condominium [full condo name] on behalf of [Mr./Ms. Full name according to passport]”

How does failure to submit a completed FET form affect your transaction?

If at any point in time a foreign buyer or his/her lawyer is unable to present an FET form during discussions of purchasing a property at a designated land office, however, this will result in the purchase being denied by the Land Officer. The FET form may also be needed by local banks when a foreign seller wishes to transfer the proceeds of a property sale back to their home country.

An Alternative: Credit Note/Bank Letter of Guarantee

Once the foreign buyer and/or their lawyer has met the aforementioned three requirements, they will be able to go to a branch of whichever is the Thai bank that received their (converted) foreign currency in order to request for an FET form or at least an equivalent.

If a foreign transfer amount falls below 50,000 USD, however, local banks may instead provide a credit note or a bank letter of guarantee, both of which are still approved by the land office. Upon receiving a credit note or bank letter of guarantee, foreign buyers must then confirm their bank includes the received amount of foreign currency, the amount converted to THB, as well as the purpose of transfer.

FAQ

Can I bring foreign currency into Thailand in cash to buy a condominium?

Yes, you can. However, please remember to declare the cash for this exact purpose at Thai customs upon your arrival. The Thai customs will then issue a document to present to [any Thai bank] once you exchange the foreign currency to convert it into THB. Banks do not accept large amounts of foreign currency cash unless there is a Thai Customs-provided supporting documentation.

Can a foreign buyer still get an FET form if they transfer money to a representative (law firm/property agent/friend)?

Provided that you still meet the aforementioned three requirements in getting the FET form, the representative of the foreign buyer should still be able to get the FET form as usual.

Is an FET form still needed when buying off-plans or new builds?

An FET form is still needed, which means a foreign buyer must follow the transfer guidelines when they transfer money to a project developer’s account.

Is an FET form needed for permanent or long-term residents in Thailand?

There may be some possible exemptions from the usual FET form requirement if the buyer turns out to be a permanent resident or a long-term expat resident. However, buyers are still required to show the source of funds and will have to prepare a different set of documents. Please make sure to consult a lawyer if you have further concerns.

Conclusion

If you made it this far into the article, you will know by now that getting the FET form is not as daunting or intimidating as it seems, even with the existing Thai real estate laws. Just remember to follow the rules, then you will be able to complete your property transactions easier than you ever imagined!

Any more questions?

Do you have any further questions and concerns regarding the FET form? Don't hesitate to speak up! Our property consultants will be very happy to help answer your questions.

In the meantime, let us know what you think in the comments below!

"Are rooms available?", "Are there Conditions?", you're at the right place!

Greetings to all the pet owners out there, those who have a pet and those WANTING a pet alike, welcome once again to PropertyScout! We're sure many of you have a lot of questions when it comes to owning a pet while also living in a condo room such as "are pets permitted in this condo?", "will the noises and smell be distracting to neighbors?", "can pets go to the common area?", as well as tons of other questions.

Look no further as PropertyScout will now help you find the answers you're looking for!

What are "Pet Friendly Condos"?

As the name suggests, a pet-friendly condo is a type of condo in which pets are permitted, such as generals like dogs, cats, or others such as hamsters, birds, or snakes. Simply put, condo developments in which tenants can bring in pets, all of which must comply with rules and regulations of the juristic office.

Q&A

"How easy or difficult is finding a pet-friendly condo?"

The first question that always comes to mind for pet owners is how easy or difficult it is to find a pet-friendly condo, and we're here to tell you that it isn't as difficult as it seems, as multiple developers are making more and more of these types of condos due to more people having pets in the present day. Additionally, houses are considerably more difficult to make due to higher costs and the scarcity of land, making more and more people lean towards condos.

Types of pets permitted

Most would allow non-noise-making/distracting animals such as fish, rabbits, mice. However, if one wants to bring in a dog or cat, it must not weigh over 10-15 kilograms, a pet certificate is also required from a vet and must be annually health-checked.

Where can "pet-friendly" condos be found?

Pet-friendly condo units are widely spread across Thailand AND in Bangkok. Known locations for these pet-friendly condos include the city, near the suburbs such as Ekamai or Thonglor (or even in those suburbs themselves), and in other provinces such as Phuket. In some cases, they could be located right by the park, malls, other mix-used properties, or even Suvarnabhumi Airport in Bangkok.

If you live in the middle of the city, there are accessible areas near the condo in which tenants can take their pets out for a walk. Even if you live by the suburbs, you can still take your pets out for a walk even with the lack in facilities available.

Which location is suitable for pet owners?

Most suitable locations tend to be close to a park such as Chatuhak Park or Benjakitti Park, as they include a walkway for pets to take a walk and for meeting with friends, or other mix-used programs, especially True Digital Park, in which pet owners are also permitted to bring in their pets for a walk.

Can I use the common area?

In most pet-friendly condos, the common area is usually accessible as per the condo's policies, with zone separations between the owners and the pets. However, some condos' common areas use the whole area for both the owners and pets without zone separation.

The usable common area tends to be a small park for people to take a walk. For the pool, however, it is reserved only for the pet owners. This means owners will have to find their own pool for the pets, provided that owners must be responsible for cleaning up after their pets.

Can I take pets with me on public transportation?

This is another question for tenants who live by public transportation such as taxis, the sky train, or other means of public transportation, "Can I bring my pets?". Pets are prohibited to be brought into the sky train, unless they serve as directory assistance for blind people.

For usual public transportation, you can call for a dedicated driver, such as using the "Grab" app, which specifically has a "Grab Pet" service, although it comes at a higher cost.

Price?

Most pet-friendly condos don't cost any more or less than the regular condos, due to prices varying depending on various factors such as the location, the facilities available, and many more.

If it's in the middle of the city, prices range from 4M THB to 30M THB, while some other locations' prices range from 1.8M THB and above (depending on if you bought the room during pre-sale or when the room is done being furnished).

Will there be any additional charges?

There will be a juristic office registration fee, mostly charged on a yearly basis, as well as a yearly subscription charge, and a damage insurance fee.

Conclusion

We hope we cleared up your questions and concerns with the information provided about location, fees, journey, and more. You can see now, that bringing your little ones with you to your condo may require minimum fuss, but isn't as bad as it sounds at all!

If you are looking for great prices on pet-friendly condos, nice rooms, good location, contact PropertyScout today!

Looking for a pet-friendly condo? Click here!

If you are looking for other properties, contact PropertyScout today!

Phra Khanong, the hippest neighborhood of upper Bangkok

Many people are familiar with the name 'Phra Khanong' from the famous Thai ghost tales of "Mae Nak Phra Khanong" which has become symbolic when mentioned about this neighborhood name. Phra Khanong has changed a lot over the years, especially in terms of transportation where the BTS sky train replaced the old way of travel at Phra Khanong station. Many also have changed the way of living from housing to more condominiums.

Get to know the Phra Khanong neighborhood 

Phra Khanong in the past traveled mainly by boat. After the road was invented and the public transportation service began to pass through, the district was considered one of the famous trading districts with a wide and very large neighborhood space. When the BTS Line passes through the Sukhumvit road just a few stations from popular areas like Thonglor and Ekamai, Phra Khanonghas become more popular with expat and the young generation making these their homes.

Places you shouldn’t miss in Phra Khanong

Shopping Malls

• Habito Mall 

A community mall with an open space located on Soi Sukhumvit 77 or Soi Onnut 1/1. This is definitely a new landmark to check-in for Instagrammer. Not only it offers a place to chill, shop and dine but also various activities to do. 

• Summer Hill

Mixed use community mall project with a walking distance from BTS Phra Khanong station, Summer Hill aims to be a hub of community lifestyle where everyone can enjoy the restaurants and shopping here.

Landmarks and Business Districts 

• St Andrews International School Bangkok 

An exceptional international school located an adjusted few BTS stations away from central Bangkok. St Andrews International School Bangkok in the Phra Khanong neighborhood offers an academic curriculum for high school students.  

• Bangkok University 

Bangkok University is one of the oldest and largest private universities in Thailand. There are two campuses in Thailand. The one in Phra Khanong neighborhood is the Kluay Nam Thai campus that offers international programs for students from all around the world.

Restaurants and Bars

• W District Community Mall 

Famously known for a spot for dining with an open space to chill out perfectly to end your night with the loved ones. Located next to BTS Phra Khanong station, W District Community Mall also offers W Market with plenty of food stalls, boutique shops and a weekend street market. 

How to get to Phra Khanong

Public Transportation

Easily traveled by BTS Sukhumvit line of Phra Khanong station which leads to upper sukhumvit area passing along Wattana district. As Sukhumvit road is always bustling and busy throughout the day, taking BTS to stop at this neighborhood is definitely an option.

By Cars 

There are 3 main roads in the area which are Sukhumvit, Sukhumvit 71 and Rama 4. It is only getting traffic during rush hour. Traveling by private car is considered comfortable as you can access many other main areas of Bangkok city such as Klongtoey, Wattana, Bangkapi and more. Also, Sukhumvit 71 is connected to Soi Sukhumvit 63 with Soi Ekamai 12 and Ekamai 22 accordingly.

Phra Khanong’s upcoming landmarks 

As mentioned, Phra Khranong has become more and more popular over the years with the rise of property development projects. In the next 5-10 years, we will see more residential projects than commercial projects, especially with a luxury condominium in the area. Commercial projects might focus more on a small community mall project such as Co-Working Space, an office space targeting the new generation and first jobbers.

How much the area cost in Phra Khanong

Phra Khanong has gained attention from expats, especially Japanese, Europeans and Americans. This caused the land price of Phra Khanong to rise accordingly. The price is starting at 220,000 baht/sqm. (On October 23, 2022). 

Rental price in Phra Khanong is starting from 13,500-18,000 baht per month only for a room from a condominium. However,  you can also find an apartment for rent starting at 5,000 baht, which is a very cheap price level. It is found in some projects that may have been launched for a long time or are condominiums in commercial buildings that the owners share for rent. This is suitable for people with limited budgets.

Recommend residences in Phra Khanong

The Line Sukhumvit 71 

High-rise condominium located in Soi Sukhumvit 71 with a total of 28 floors. You can easily spot this residential project from a far away. The property offers 5-star facilities such as EV-charging station, rooftop garden, library, 24-hour security office and more.

The selling price starting at THB 4,750,000

Looking for a rental at The Line Sukhumvit 71 click here 

Looking to buy The Line Sukhumvit 71 click here

WYNE by Sansiri 

Just a short walking distance from BTS Phra Khanong station, you will find WYNE by Sansiri located by the main road of Sukhumvit. The project comes with 1 and 2 bedroom unit styles. 

The selling price starting at THB 2,900,000

Looking for a rental at WYNE by Sansiri click here 

Looking to buy WYNE by Sansiri click here

Life Sukhumvit 48

Located on Soi Sukhumvit 48 with only 600 meters from BTS Phra Khanong station, Life Sukhumvit 48 is a high-rise condominium surrounded by top destinations such as Kluay Nam Thai hospital, Bangkok University, Shopping complex and more. 

The selling price starting at THB 2,700,000

Looking for a rental at Life Sukhumvit 48 click here 

Looking to buy Life Sukhumvit 48 click here

Don’t miss the Phra Khanong neighborhood

The Phra Khanong area has the opportunity to grow within years from the rise of  luxury residential projects targeting the new generation. This will attract people to pay a visit to the neighborhood even more and more.  

Looking for a property to buy or rent in Phra Khanong? Let PropertyScout help you! 

Bustling northeastern Bangkok Neighborhood that you should keep eyes on.

Named the fastest growing district of outskirt or northwestern part Bangkok, Chaengwattana definitely made it to the top of the list. With the extension of public transportation and surrounded by many government facilities, this neighborhood is a new home to many residents. As it is said that the whole area around Chaengwattana especially Chaengwattana Government Center or Chaengwattana Immigration office and the Muang Thong Thani area has become very popular over the years in terms of being a commercial district and residential areas.

Get to know the Chaengwattana neighborhood 

Chaengwattana, a location known as the center of government facilities such as Royal Thai Army Center, Immigration office and more. Located in Nonthaburi province or in the northeastern part of Bangkok and known for its rapid growth rate due to the expansion of the public transportation to the outskirts with distance of only 20 kilometers away from the city. It also has the potential to be an important source of trades. There are many educational institutions and nursing homes. Therefore, it is very suitable for living.

Places you shouldn’t miss in Chaengwattana

Shopping Malls

• Central Plaza Chaengwattana 

Or known in a short term as Central Chaengwattana, a shopping complex from Central group located on Chaengwattana road. First opened in 2008 and has become a popular destination for the neighborhood. There’s plenty of restaurants, clothing stores, office floors and many more. 

• Impact Arena Exhibition Hall 

A commercial complex located in Muang Thong Thani consisting of multiple arenas in one area. Impact Arena Exhibition Hall is well known for organizing world-class events and international events from concert to exhibition and conferences. 

• Beehive Lifestyle Mall 

A diverse community shopping mall in Muang Thong Thani area, another considerate choice if one doesn’t feel like going to the central mall. Beehive Lifestyle Mall has a variety of stores from restaurants to groceries stores.

Landmarks and Business Districts 

• Chaengwattana Government Complex 

A hub of government agency located on Chaengwattana road. Consisting of government agencies and offices in one area for the example of a very well known immigration office where everyone is here for a passport and also expats for any immigration documents. 

• Muang Thong Thani 

One of the biggest residential development projects in Nonthaburi. Muang Thong Thani is located in Chaengwattana district surrounded by living properties, schools, and a shopping complex. And super convenient with the location close to the toll-way connected to other nearby neighborhoods. 

Restaurants and Bars

• Hidden Backyard Cafe & Hangout 

If you drive along Liap Khlong Prapa road, you will easily spot this open-space restaurant located on the street. This is one of the hangout spots of Chaengwattana residency. The restaurant offers various choices of food and a cozy atmosphere.

How to get to Chaengwattana

By Public Transportation

In the near future, you can easily travel to Chaengwattana with the MRT pink line which is currently under construction. The aim is for a better convenience of public transportation for northeastern and outskirt residency. It has a major connection with the MRT purple line and is scheduled to be opened by February 2023.

By Cars 

Chaengwattana road plays a big role in Chaengwattana district. The area itself can be divided into 3 important sections connected to other neighborhoods of Ratchapruek road, Laksi and Bangken to RamIntra area. 

Firstly, at the Pak Kret Intersection is a Rama IV Bridge that crosses the Chao Phraya River to connect Chaiyapruek road and Chaengwattana road altogether. Secondly is Pak Kret and Khlong Prapa intersection which starts from Pak Kret intersection through the bypass road of Muang Thong Thani Convention Center. The road directly crosses the canal passing into the area of ​​Lak Si district in Bangkok. It is called Chaengwattana-Pak Kret road. And lastly, Khlong Prapa - Phithak Constitution Monument intersection which is starting from Khlong Prapa intersection or known as Chaengwattana-Prachachuen intersection through the Government Complex through Lak Si district via Vibhavadi Rangsit road which will then connect to Ramintra road.

Chaengwattana ’s upcoming landmarks 

The MRT Pink Line Project of Khae Rai-Minburi district will play a big role in the Chaengwattana neighborhood. The government has pushed to open the service by 2023. According to the development plan, it will be a monorail system with a starting point connecting the Purple Line at Nonthaburi Government Center Station. And in the future it will connect to the MRT brown line of  Khae Rai - Lamsalee running towards Tiwanon road.

How much the area cost in Chaengwattana 

The growth in residentials investment in Chaengwattana is still not very high. However, it can generate rental and resale returns at reasonable and cost-effective levels over time and in the near future. The current price on the market is now 120,00-150,000 baht/sqm. (on October 23, 2022). 

Also it was found that condominiums for rent in this area are quite affordable starting at 6,000-7,500 baht per month and 10,000 baht per month or more. The majority of the condominiums are the Studio and 1 Bedroom which does not exceed over 28-30 square meters.

Recommend residences in Chaengwattana

NICHE MONO Chaengwattana 

Located on Chaengwattana road only 120 meters from MRT Pink line, NICHE MONO Chaengwattana has a prime location surrounded by many convenience stores, office venues, shopping complex and many more. 

The selling price starting at THB 1,890,000

Looking for a rental at NICHE MONO Chaengwattana click here 

Looking to buy NICHE MONO Chaengwattana click here 

The Cube Plus Chaengwattana

Low-rise condominium located just opposite side from the Government Complex Center with a full option of facilities such as swimming pool, fitness and sauna, public garden area, CCTV and 24-hour security guards. 

The selling price starting at THB 1,640,000

Looking for a rental at The Cube Plus Chaengwattana click here 

Looking to buy The Cube Plus Chaengwattana click here 

Lumpini Ville Chaengwattana 10

2 Buildings of 8 story residential buildings with a total of 476 residential units, Lumpini Ville Chaengwattana 10 located in Soi Chaengwattana 10. The project was designed under the sports community concept for the residentials to blend their lifestyle in an urban healthy living way. 

The selling price starting at THB 1,90,000

Looking for a rental at Lumpini Ville Chaengwattana 10 click here 

Looking to buy Lumpini Ville Chaengwattana 10 click here 

The BASE Chaengwattana 

High-rise condominium located on Chaengwattana road was designed under Corner Window concept to bring more green scenery to the residentials lives. The project has a total of 24 floors with over thousands units. 

The selling price starting at THB 1,490,000

Looking for a rental at The Base Chaengwattana click here 

Looking to buy The Base Chaengwattana  click here 

NUE NOBLE Chaengwattana 

They said it takes only 20 steps walk from NUE NOBLE Chaengwattana to MRT Pink line Sri-rat station! This project is located on Chaengwattana road, a high-rise condominium with a total of 31 floors. The highlight is the rooftop garden with an opening space. 

The selling price starting at THB 2,000,000

Looking for a rental at NUE NOBLE Chaengwattana click here 

Looking to buy NUE NOBLE Chaengwattana click here 

Don’t miss the Chaengwattana neighborhood  

​​Besides Chaengwattana not yet having any connection to the BTS line, all areas are already reserved for commercial development, both office buildings, shopping centers and condominium projects. There is a high probability that new projects will emerge in the future making this area another neighborhood that you should keep your eyes one.  

Looking for a property to buy or rent in Chaengwattana? Let PropertyScout help you! 

Tao Poon, The future of Bangkok Transportation

TaoPoon, a perfect community area suitable for living  full of the transportation options such as TaoPoon Interchange Station, connecting both MRT Purple Line and MRT Blue Line, and not far from Bang Sue Central Station. This is an ideal of the future of Bangkok public transportation. 

Get to know the Tao Poon neighborhood 

In the past before MRT Tao Poon was established, this neighborhood was a large community consisting of government offices, shopping malls, markets, furniture shops that stretched all the way to Bang Pho district. Since the beginning of MRT Bang Sue station and the expansion of the MRT Purple Line and MRT Blue Line with the MRT Tao Poon as an interchange station that connects the two lines together makes traveling through Bangkok city both inbound and outbound more convenient and way faster. 

There is also a large commercial and office building such as SCG's head office located at MRT Bang Sue station and Gateway Shopping Mall which is not too far from Tao Poon area. Those places help to increase convenience for residentials. It also increases the chances of generating a return on investment from rentals. The expanding of MRT station has helped to fill the neighborhood and get more popular among the years.

Places you shouldn’t miss in Tao Poon

Shopping Mall 

• Gateway Bang Sue Shopping Mall 

An urban shopping mall complex features many restaurants and clothing stores, Gateway Bang Sue is a top hangout spot for Tao Poon residency. You can actually walk from the MRT Tao Poon Station!

Landmarks and Business Districts 

• SCG’s Head Office 

SCG’s Head Office or main office is one of the first few sustainable buildings in Bangkok guaranteed by LEED Leading in Energy And Environmental Design from The United States of America. Located on Thai Cement Road, easy access via MRT Tao Poon station. 

• Bang Sue Grand Station  

Bang Sue Grand Station or so called Bang Sue Central Station aims to be Bangkok's new railway hub in the northern part of the city. It is linked to the MRT Bang Sue station which is just a few stops away from MRT Tao Poon.

How to get to Tao Poon

By Public Transportation

There are 2 major MRT stations in this area. The first one is the MRT Purple Line of Tao Poon-Khlong Bang Phai Section which connected Bangkok and Nonthaburi altogether. The second one is MRT Blue Line of Tao Poon-Tha Phra section and Chaloem Ratchamongkhon station which goes along the former MRT line of Bang Sue - Hua Lamphong station. In the future, we will see the expansion of the MRT Purple Line of Tao Poon - Rat Burana station and the MRT Southern Purple Line which is expected to open in 2026.

By Car 

There are 2 main roads in Tao Poon area which are Bangkok-Nonthaburi road and Pracharat Sai 2 road, with MRT Tao Poon located between the intersection of the two lines.

Bangkok-Nonthaburi road starts from Pracharat Sai 2 road aligned with Tao Pun intersection in Bang Sue District and ends at the Tiwanon and Nakhon In road at Tiwanon Intersection. And the second road is Pracharat Sai 2 road starting from Tao Poon intersection going through Bang Pho to the end at WongSawang intersection. You can also travel to the Tao Poon neighborhood  by using the expressway. In this area is Si Rat expressway located at the intersection that is slightly past the MRT Bang Son station.

Tao Poon’s upcoming landmarks 

Tao Poon district at the moment might not be seen as much going on in the area except the public transportation is growing. However, with a lot of predictions from investors, this neighborhood plans to be a new CBD of northern Bangkok as other main districts Silom or Satorn are getting crowded. And as a result of the expansion of major transit MRT lines and the under construction of mega projects of both office buildings and the National Assembly, we will see a lot of upcoming project landmarks in Tao poon for sure. 

How much the area cost in Tao Poon

Despite the rise of residential projects due to the expansion or MRT line, the cost of living in Tao Poon is still considered affordable. However most of the property development plans are mid-scale projects. The price is now currently at 115,000 baht/sqm. (on October 24,2022). The rental price could start from 6,000 baht/month and most accommodations are housing or low-rise condominium projects. 

Recommend residences in Tao Poon

Lumpini Place Tao Poon Interchange 

Only 120 meters away from MRT Tao Poon and 1.2 km from Grand Bang Sue Interchange station, Lumpini Place Tao Poon Interchange has a prime location in the neighborhood surrounded with other facilities such as schools, shopping malls, MRT station and more. 

The selling price starting at THB 1,980,000 

Looking for a rental at Lumpini Place Tao Poon Interchange click here 

Looking to buy Lumpini Place Tao Poon Interchange click here 

Niche Pride Tao Poon Interchange

About 750 meters from MRT Tao Poon, Niche Pride Tao Poon is a high-rise condominium with a total of 38 floors and 700 units. The project comes with full facilities of lobby, salt water swimming pool, fitness and 24-hour security guards. 

The selling price starting at THB 2,990,000 

Looking for a rental at Niche Pride Tao Poon Interchange click here 

Looking to buy Niche Pride Tao Poon Interchange click here  

Rich Park Tao Poon Interchange 

An upper class high-rise condominium with a total of 28 floors, Rich Park Tao Poon Interchange is only 550 meters away from the main shopping complex Gateway Bang Sue. Considering this project super convenience with the location with everything you’re looking for in your neighborhood. 

The selling price starting at THB 2,490,000 

Looking for a rental at Niche Pride Tao Poon Interchange click here Looking to buy Niche Pride Tao Poon Interchange click here

The Privacy Tao Poon

Emerged design of well being and smart life concept, The Privacy Tao Poon offers an urban lifestyle blending with comfort. The project is a high-rise condominium with a total of 36 floors and 468 units surrounded by many top landmarks such as MRT stations, SCG Building and more. 

The selling price starting at THB 2,190,000 

Looking for a rental at The Privacy Tao Poon click here 

Looking to buy The Privacy Tao Poon click here

IDEO Mobi Bang Sue Grand Interchange 

High-rise condominium of 32 floors offers the residentials various room types from Studio Bedroom to 2-Bedroom. Designing under the ‘Futuristic Art Deco’ concept with the highlight of sky infinity edge pool overlooked northern Bangkok skyline view. 

The selling price starting at THB 3,290,000 

Looking for a rental at IDEO Mobi Bang Sue Grand Interchange click here 

Looking to buy IDEO Mobi Bang Sue Grand Interchange click here

Don’t miss the Tao Poon neighborhood  

Anyone looking for a residential area in the north of Bangkok that is still a community with a homey local neighborhood but not too busy and crowded? Tao poon is definitely the one. Easy to commute to central Bangkok via many MRT lines, this is an alternative option you shouldn't miss. 

Looking for a property to buy or rent in Sathorn? Let PropertyScout help you! 

Hello! Today PropertyScout would like you guys to update the Top 7 Rooftop Pool Condos in 2023. If you love panoramic views, the High Rise condominuim would be firstly come up in your mind and definitely will come with Rooftop Pool that you can enjoy the panoramic view while swimming, that's amazing right? So, let's see what projects we've gathered!!

If you're looking for a residential place of your desire at a reasonable price, and making sure you get what you paid for, feel free to contact PropertyScout, our team will be happy to help answer your questions.

How much exactly is "JUST RIGHT"?

You all have probably ran into countless problems, often asking yourselves, "WHICH TYPE OF ROOM SHOULD I BUY?" or "WHAT KIND OF ROOM WOULD BE SUITABLE FOR ME?". Join us today as we give you a look at the various types of rooms to choose from!

Types of Rooms

Studio: Single room, 20-28 sqm, 1-2M THB

A studio room is typically 20 to 28 square meters. Most of the time, the zones of the room aren't clearly separated from each other, to which the bedroom and living room are combined. As for the kitchen, some are separated by a wall, while some are just a blank area in which a slide door can be installed as well.

Best for: Lone tenants who only need a simple condo to back to after work.

Price: Best for those whose budget isn't very high, coming at approximately 1-2M THB, no more than 3M THB, the standard price for studio rooms.

Not suitable for: Cooks or those who just like spacious areas, due to lack of space.

Interested in a nice studio room? Click here!

1 Bedroom: Includes one bedroom, 30-64sqm, 2-5M THB(varies)

This type of room, as the name suggests, includes one bedroom in addition to one bathroom, kitchen, and a living area, all of which measures 30 to 64 square meters. Zones in this room are clearly separated, particularly the bedroom from the living room. However, the rest depends on the condo design itself as to whether or not the kitchen and living room would be separated from each other or will we have to renovate them ourselves afterwards.

Best for: 1-2 tenants, particularly couples, since this type of room is considerably larger and more spacious than the studio rooms. Most importantly, this type of room is perfect for cooks, as one does not have to concern themselves with smell issues.

Price: Best for those who have a mid-to-high budget, since the 1-bedroom type of room varies depending on the overall size of the room in square meters. For instance, if one is interested in a 30 square meter room, that would be approximately 2-5M THB.

Not suitable for: Those who estimate prices that aren't too high, particularly families.

Interested in a 1-bedroom? Click here!

1 Bedroom Plus: Bonus multipurpose room, 32 sqm, same price range as 1 Bedroom (varies)

While similar in size as a standard 1 bedroom, coming in starting at 32 square meters, what a 1 bedroom plus brings to the table is one additional medium-sized empty room, the multipurpose room. Depending on the tenant, it can be anything from an additional bedroom to a personal office, a fitness area, or a room for kids.

Best For: 1-2 tenants, especially families who are recently married or are expecting a child.

Price: Best for those who have a mid-to-high budget, much like the standard 1 Bedroom, with the price range being relatively close and varying depending on the overall room size in square meters.

Not suitable for: Lone tenants who may desire a smaller, more compact room.

2 Bedroom: Two bedrooms, 40-100 sqm, 3M THB and up (varies)

There are 2 bedrooms within this type of room, coming in at 40 to 100 square meters. However, the rooms themselves come in at varying sizes, some having a master bedroom and a smaller bedrooms, while in some cases both bedrooms are relatively large, with some even including one or two bathrooms. If there are two bathrooms, one will be within the main bedroom and the other would be outside.

Best for: Parents with one child, or for staying with friends, as clear room separation greatly provides privacy.

Price: A 2 Bedroom's starting price is 3M THB and above. Keep in mind that prices will vary depending on various factors such as width, overall square meters size, and location

Interested in a 2 Bedroom?

Duplex: Two-story condo, over 4m tall, 5M THB (varies)

A Duplex is another name for a two-story condo, as we've been accustomed to calling. The room is over 4 meters in height, making it suitable for people who want a nice, big, comfortable room comparable to that of a house. As for the second floor, it is a free-to-decorate multipurpose room, which typically become a bedroom or an additional living room.

There will be two separated bedrooms, depending on the design of the condo development itself.

Best for: Those who want a house-like vibe, thanks to its height and spaciousness, as well as those who want the bedroom separated from other areas of the room.

Price: Starting price for a duplex room is 5M and above, depending on the size of the room and the location.

Not suitable for: People who don't like heights or those who feel as if privacy is lacking.

Interested in a Duplex room? Click here!

Penthouse: Most luxurious, over 100 sqm, 25M THB and up

Finally, the room that everyone says is nice and spacious, as close to a house as one could possibly get, so luxurious, that can be none other than a penthouse, which is the rarest in any condo development due to its luxurious exclusivity, coming in over 100 square meters in size.

Usually, a penthouse is located closer to the very top of the condo development, due to it requiring a huge amount of space and privacy. Bedrooms are separated into at least three bedrooms, and accommodations are more than enough. However, additional decorations are limited only to the tenants' desires.

Best for: Those who want privacy and a spacious area, as well as those who prefer staying inside the room more than outside, or those who are inviting friends and families to stay in this luxurious environment.

Price: A penthouse is a huge leap in the way of price, coming in significantly higher than most rooms at 25M THB and above.

Not suitable for: Those on a budget and not asking too much out of their stay in the way of additional accommodations or decorations.

Interested in a penthouse? Click here!

Comparisons

Conclusion

In conclusion, each type of room varies in terms of room size, square meters, price, and suitability in staying in which one can easily pick their desired room with the information provided. We just want to say choosing our desired condo size is crucial as that would be your place of residence for the foreseeable future, or you can even list it out for rent or sale as well.

We hope this article helped you in your decision making, and if you would like to learn more, please get in touch with us, we can't wait to see you again in our next blog post.

If you have any questions or further inquiries regarding buying, selling, renting real estate properties, or you're looking for a residential place of your desire at a reasonable price, and making sure you get what you paid for, feel free to contact PropertyScout, our team will be happy to help answer your questions.

Ladprao - Neighborhood of a dream as a hub of transportation

Ladprao is jokingly known as one of the worst traffic jams in Bangkok city. But with a lot of options of public transportation these days, Ladprao is becoming a popular area to live. There are so many reasons why we should make Ladprao a home which is accessible to both BTS and MRT, dining spots, and fun landmarks all around! 

Get to know the Ladprao neighborhood 

Let us guide you to one of the most popular districts in northern Bangkok, Ladprao has been growing over the past years. From a very well known area of shopping complex such as Central Plaza Ladprao and Union Mall being a big name there to a living neighborhood everyone wants to live.

With the easy accessibility of BTS and MRT lines, residential projects have been established for over the last couple years. And to avoid heavy traffic during rush hour on Ladprao main road, there is no denial that condominiums in this neighborhood are only getting busier. 

Places you shouldn’t miss in Ladprao

Shopping Malls 

• Central Plaza Ladprao
  Central Plaza Ladprao has been a major spot in the Ladprao neighborhood for as long as we all can remember. When talking about why visiting this area, one of the reasons must be to visit Central Plaza Ladprao. This shopping mall offers a wide variety of shopping from high-end brands to street food vendors and dining experiences. Laoprao locals are definitely going to recommend you to pay a visit here.

• Union Mall
  Another shopping spree with a walking distance from Central Plaza Ladprao, Union Mall is well known for retail shopping and affordable clothing items. It has everything you need when it comes to every type of costume. It is popular among Asian tourists as well.

Landmarks and Business Districts 

• Magic Land Playground
  Magic Land Playground, or well known in Thai as Daen Niramit, was the first outdoor amusement park in Thailand that operated for almost 25 years. However, it was shut down in 2000, but the place itself has become one of the landmarks in the area that most people must have heard of.  

• Somdet Ya Park
  Located by the intersection of Vibhavadi Rangsit and Phaholyothin road with a walking distance from Central Plaza Ladprao, Somdet Ya Park can also be reached by MRT Phaholyothin, which is right by the park.

Restaurants and Bars

• Blue Sky Bar Centara Grand at Central Plaza Ladprao 
  A rooftop bar on the top floor of Centara Grand Hotel at Central Plaza Ladprao that offers a panoramic view of northern Bangkok, serving stylish dishes and five-star cocktails.  

• Suan Bua Centara Grand at Central Plaza Ladprao Bangkok
  Offering authentic Thai food cuisine under the concept of "food is a medicine", Suan Bua, located at Centara Grand hotel at Central Plaza Ladprao. Suan Bua also offers a private dining room for those who would like to gather or host a private dinner along with their loved ones.

How to get to Ladprao 

By Public Transportation

You can reach Ladprao area by both BTS and MRT station. The BTS skytrain station of Ha Yaek Ladprao is definitely the main one and just a few mins away is MRT Phaholyothin station. The BTS station goes along the Sukhumvit line directly. It is not only super convenient to travel outside of Bangkok to upper northern stations that stop at Kukot station, but also easy to commute to the city center as well.

By Car

You can access the Ladprao neighborhood via Ladprao road that is connected to many main roads of northern Bangkok. Starting from Ladprao intersection, which is the intersection between Phaholyothin road and Vibhavadi Rangsit roads. Towards the southeast side is an intersection with Ratchadaphisek Road passing through Chokchai 4 and Pradit Manutham road.

Ladprao’s upcoming landmarks 

The extension of the BTS Green Line from Mo Chit to Khu Khot station caused the private sector a lot of investment in Ladprao neighborhood, with the prediction that this district has the opportunity to become a new business center or New CBD (New Central Business District) of Bangkok city. One of the reasons is that the intersection station connecting BTS and MRT immerses people from the Vibhavadi Rangsit side and Chatuchak area towards the city center. In the future, we are likely to see a lot of mix-used building property projects and residential condominiums.

How much does the area cost in Ladprao?

With the area getting more and more popular everyday due to the extension of BTS Green Line, the price at Ladprao is now starting between 215,000-250,000 baht/sqm. (as of October 16, 2022). And there is a possibility that it will rise in the near future with more high-rise and upscale residential projects currently in development. 

The rental price in Ladprao area is a vast majority. It could range from 8,000 baht/month and above, since you will find many types of accommodations from apartment, mid-scale building, low-rise to luxury high-rise condo.

Recommended residences in Ladprao

Life @ Ladprao

An ideal condominium for the adaptive generation with a prime location close to both BTS Ha Yaek Ladprao and MRT Phaholyothin, Life @ Ladprao is literally perfect for those who love convenience. The highlight of this project is green urban space with over 3,200 square meters.   

The selling price is starting at THB 3,890,000 

Looking to rent at Life @ Ladprao? click here 

Looking to buy Life @ Ladprao? click here

M Ladprao

Designed under the concept of urban and cubism, M Ladprao offers you a comprehensive variety of on-site facilities. M Ladprao is a high-rise condominium with a total of 43 floors and a roof, which comes with a prime location as 5 minutes from MRT Phaholyothin and only 1 minute from Central Plaza Ladprao shopping mall. 

The selling price is starting at THB 6,200,000 

Looking to rent at M Ladprao? click here

Looking to buy M Ladprao? click here

The Origin Ladprao 15 

A low-rise condominium with a total of 8 floors and 163 units, The Origin Ladprao 15 offers the perfect balance for those seeking privacy and convenience as it’s only 600 meters away from MRT Ladprao. 

The selling price is starting at THB 3,290,000 

Looking to rent at The Origin Ladprao 15? click here 

Looking to buy The Origin Ladparo 15? click here

Don’t miss the Ladprao neighborhood  

Needless to say, if anyone is looking for a convenient area of public transportation to stay, Ladprao is definitely the one. Being a hub of both BTS and MRT station and on top with the intersection of main major roads of northern Bangkok, no one does it like this neighborhood.

Looking for a property to buy or rent in Ladprao? Let PropertyScout help you!