Bangkok is one of the world’s top tourist destinations. Bangkok attracts millions of tourists every year and as a result, there is a high demand for condos including new developments, rentals, and resale property market in the city. In recent years, we have seen a massive increase in property prices in Bangkok due to the consistent development and economic growth in Bangkok.
So why is Bangkok a great city to invest and live in? Firstly, if you’re a foreigner, you have the right to own freehold condos in Bangkok according to the property ownership law in Thailand. This allows you to not just own, but resell or pass-on condos without restrictions. From the recent statistics, investors can make up to 4-6% gross rental yield on condos in Bangkok City Center. This is why Bangkok attracts a number of foreigners and is known as a multicultural city.
On top of that, Bangkok simply has everything you need in one place. The city center (known as Sukhumvit Road) has everything from street food stalls to michelin star restaurants located in world-class hotel chains. You can also enjoy your evenings with a glass of cocktail while experiencing the most beautiful skylines and views of the city. Bangkok city center also has some of the largest and most recommended shopping malls, hospitals and International schools.
Transportation is key in Bangkok city, you have the options of taking taxis, motorbikes, or the sky trains located all within your reach. If you prefer a more calm and peaceful neighbourhood, then The Chao Phraya Riverside residences would definitely tick your boxes. At Right Key Estate, we have a wide range of inventory with different price ranges and qualities. Our local agents know the city in and out and are welcome to help you discover your perfect home.