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Apr 20, 2015

Bangkok property - yields on larger apartments moderately good


Last Updated: Apr. 20, 2015
BANGKOK - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 135,440 718 6.36% 3,386 17.95
60 sq. m. 214,620 1,000 5.59% 3,577 16.66
85 sq. m. 257,040 1,314 6.13% 3,024 15.46
120 sq. m. 436,560 1,837 8.05% 3,638 15.31
250 sq. m. 863,000 3,525 4.90% 3,452 14.10
Districts researched:
Bangkok: Bangkok: Sukhumvit Road, Silom, Sathorn, Riverside, Rama III, and Central Lumpini
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Rental yields in Bangkok range from 5.0% to 8.0%. Over the past three years, we’ve seen yields on medium-sized apartments (120 sq. m.) rise significantly.

In most countries´ major cities, smaller apartments earn higher rental yields than bigger apartments.  That´s not true in Bangkok. A 60-square metre (sq.m.) apartment in Bangkok’s central location now earns gross rental yields of around 5.6%, while a 120-sq.m. apartment also centrally located, earns gross rental yields of around 8.0%.

Yields have risen at the luxury end of the market, though since last year they have fallen for the large sizes, such as 250 sq. m.

The apartments included in our survey are located in Bangkok’s upscale residential areas which includes Sukhumvit Road, Silom, Sathorn, Riverside, Rama III, and Central Lumpini.

The Thai price index for single detached houses rose by 4.9% (4.11% inflation-adjusted) during the year to end-Q4 2014. The condominium index soared by 14% (13.18% inflation-adjusted), and is actually a more relevant index.   Condominiums are what Bangkok people, including foreign homebuyers and expatriates, tend to live in.  The price index for townhouses rose by 6.60% (5.82% inflation-adjusted).

Round trip transaction costs are low in Thailand. See our Property transaction costs analysis for Thailand and Property transaction costs in Thailand, compared to the rest of Asia.






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