Do you plan to buy a condo in Bangkok – it is not that easy to own a condo for yourself? Bangkok is one of the most visited cities in the world. The reason is that it is expensive, and foreigners cannot legally buy them in Thailand. As an “Alpha” city, it draws a diverse range of residents, including retirees, working professionals, families, and entrepreneurs.
The thing is the massive part of the city’s abundance of business and job opportunities for both Thais and foreigners. Bangkok’s allure is not solely financial or professional, as the city provides an excellent work-life balance. Bangkok is currently offering an enticing investment opportunity! Here we will discuss the reasons to buy or avail condo for rent in Bangkok.
Many modern condominiums are constructed in great locations near BTS or MRT stations, making commuting throughout the city simple. Various restaurants and businesses, including supermarkets and convenience stores, are frequently closed. Many condos include a 7-Eleven, and some also include eateries. Several condos in the Sukhumvit and Sathorn neighbourhoods are near parks like Benjakitti and Lumpini, where you may rest and exercise. Depending on your preferences and lifestyle, you can choose from a condo for rent in Bangkok in regions with a busy nightlife or quieter ones.
Interest Rates are Low
Interest rates are currently pretty low. Rather than keeping money in the bank, it makes sense to invest in real estate in Bangkok. Low borrowing rates are also an opportunity to get your foot on the property ladder. It could get the ideal opportunity to enter the real estate market, lock in a cheap interest rate, and begin accumulating equity.
Building Management can provide several additional services, including property maintenance (such as changing light bulbs or arranging for substantial upkeep), cleaning (they can connect you – up with a cleaning – woman), and even signing off on postal delivery!
While Bangkok is a pretty safe city, most Condos have on-site security officers who conduct routine inspections. Furthermore, key cards are required to access most apartment entrances and lifts. It enhances the Condo living experience by adding – a degree of comfort and security!
The fundamental distinction between condominiums and apartments in Bangkok is that condominium co-owners are jointly responsible for the upkeep of shared facilities. It does imply monthly CAM costs/maintenance fees (Common Area Maintenance). The funds are placed in a large pot to get utilised for repairing current facilities and purchasing excellent new items to share. Thus, it lowers the cost of luxury living.
Many people chose a smaller / boutique condo building for my Bangkok unit, which usually means more maintenance fees but fewer people to contend with for facility use. In reality, as my surrounding neighbours run the rat race, the communal facilities of those condos remain largely unspoiled – and at times – feel like my own.
Stability and a sense of belonging
Having a home allows you and your family the opportunity to form long-lasting relationships within the community, as well as a sense of belonging and establishment. It also provides educational and social continuity for your children.