Pros and Cons of Buying a House for Sale in Bangkok
For those looking for a house for sale in Bangkok, we have outlined the pros and cons of a Bangkok house for sale to give you a few pointers as you look for your next Bangkok home.
Due to the scarcity of land for sale in prime locations of Bangkok, developers find it challenging to seek new space to build homes. When they do find a suitable land plot, the price of land is so high that they must necessarily build luxury houses to make it financially feasible. Therefore, there are a limited number of individual houses for sale in a compound in the CBD, Sukhumvit, Silom or Sathon road area. Most of the developments in prime locations are townhouses or 3- to 4-storey houses built in order to maximise the usable area as the spaces are limited. (View Housing Project Listings)
This is especially true for those looking for a house for sale in Bangkok in a compound or gated community. As a result, most single houses are built in secondary prime locations such as Ratchada, Rama 9, Town in Town, Pattanakarn or further down the Sukhumvit area. In exchange for being in a secondary location, buyers will get the luxury of a larger space and those houses for sale in Bangkok are still in the downtown area and less than 30 minutes away from major amenities like large shopping malls, schools, and hospitals. (View House Listings)
In terms of price, if the average price of luxury condominiums for sales in Bangkok today is approximately at THB 330,000 per square meter in a prime location, buyers could get a better price per square metre by buying a luxury downtown house in a secondary location starting approximately at THB 120,000 per square metre. Condominiums, however, remain a popular choice among non-Thais as the Thai law prohibits foreigners to own land title deeds.
On the other hand, apart from the expanded space, the owner of a house for sale in Bangkok has the flexibility to design their own home and be able to keep pets as well as expanding new usable area upon the original land. However, do take note that most single houses are not built in prime locations, therefore, the buyers are recommended to have some form of personal transportation.
Another factor to consider is the difference in facilities. Due to limited space, many housing developments in prime locations may lack the full breadth of facilities, but make up for them in terms of quick access to the metropolitan-living. While many single housing projects will include at least a private or common swimming pool and fitness gym that residents can share.
For those who prefer single houses for sale in Bangkok that are not located in gated compounds, it is necessary to review the level of security of the area. Extra steps should be taken to install CCTV cameras or hire a live-in housekeeper or security guard.
In conclusion, there are many points to consider before buying a house for sale in Bangkok, and the pros and cons above are only some of the highlights. Buyers are highly recommended to consult with their real estate agents to determine which style of housing is best for their unique criteria of needs.