Condominium Sukhumvit Best Location and Good Investment 2023

 

Sukhumvit is considered the golden district of Bangkok because it serves as a vital hub for business and trade. It offers a plethora of conveniences, including shopping malls, restaurants, hospitals, educational institutions, and an efficient public transportation system. This makes it a highly desirable location for both residents and investors.

In the year 2023, several new condominium projects have emerged in the Sukhumvit area. Each project has its unique features and advantages. This article will compile information about seven Sukhumvit condominiums from "The Bangkok Residence" to provide guidance to those seeking new, well-located, diverse-style condos that cater to all their needs.

 

Reasons to Invest in Sukhumvit Condos

Investing in condominiums in the Sukhumvit area is particularly attractive in 2023 due to various supportive factors, including :

Prime Location : Sukhumvit's high potential is due to its status as a central business and trade hub. It offers convenience and accessibility, with many condos located near the BTS and MRT transit systems.

Strong Housing Demand : The demand for housing in the Sukhumvit area remains consistent, coming from both residents and investors.

Growth Potential : Sukhumvit has continuous growth potential, as it is a constantly developing location in terms of business, trade, and residential spaces.

Increased Tourism : Thailand attracts a significant number of international tourists, which has led to an increased demand for residential options in the Sukhumvit area, especially in upscale condominiums.

E-commerce Business Growth : E-commerce businesses are continually expanding, increasing the demand for residential spaces, especially condos close to distribution centers.

Infrastructure Development : Continuous development of the mass transit system in the Sukhumvit area enhances convenience and attracts more residents and investors.

According to research from Kasikorn Research Center, condominium prices in the Sukhumvit area have shown an average annual growth rate of 6.5% over the past ten years (2013-2022). This growth rate is considered higher than the average rate for condominium prices in Bangkok. Therefore, investing in Sukhumvit condominiums, whether for purchase or rental, is an appealing option due to its potential for long-term growth and favorable returns for investors.

 

Average Condominium Prices in Sukhumvit Along the BTS Skytrain Line

The average condominium prices in the Sukhumvit area along the BTS Skytrain line can be divided into three segments as follows:

1. Early Sukhumvit Condominiums (Asok-Chit Lom): This segment represents the most important business and trade district in Bangkok. Many leading companies are based here, which drives up condominium prices. The average price in this area ranges from 5 to 8 million baht per unit.

2. Mid Sukhumvit Condominiums (Ekkamai-Thonglor): This segment combines residential and commercial areas, offering a range of conveniences. As a result, condominium prices in this area are relatively high but somewhat lower than in the early Sukhumvit segment, averaging between 3 to 5 million baht per unit.

3. Late Sukhumvit Condominiums (Bang Chak-Bearing): This segment is a developing residential and business area. Condominium prices in this area typically average between 2 to 4 million baht per unit.

 

These price ranges reflect the differences in property values along the Sukhumvit BTS Skytrain line, with higher prices in the central business district and gradually lower prices as you move away from the city center.

 

7 Great Sukhumvit Condominiums for Investment in 2023

In the year 2023, several new condominium projects have been introduced in the Sukhumvit area, and here's a brief overview of 7 promising projects that are worth considering for investment :

1.Noble Recole

Noble Recole - Starting at 6.4 million baht*

Noble Recole is a luxurious high-rise condominium located on Sukhumvit Soi 19, close to the BTS Asok and MRT Sukhumvit stations. This project consists of two towers, one with 37 floors and the other with 32 floors, offering a total of 512 units. The unit sizes range from 24 to 102 square meters. The design emphasizes modern elegance with simple yet beautiful architecture and high-quality materials. The development provides contemporary amenities, including a swimming pool, fitness center, library, green spaces, and ample parking. The units are designed to cater to the lifestyle needs of modern residents, featuring spacious living spaces and stylish decor.

 

2.Edge Sukhumvit 23

 

Edge Sukhumvit 23 - Starting at 6.8 million baht*

If you're in search of a new condominium in the Sukhumvit area that caters to every lifestyle, Edge Sukhumvit 23 might be the answer. This project is situated on Sukhumvit Soi 23, at the heart of a vibrant neighborhood with easy access to workplaces, shopping venues, entertainment spots, and numerous dining options. Edge Sukhumvit 23 offers a variety of unit sizes, ranging from 1-bedroom to 3-bedroom, designed to meet the diverse needs and lifestyles of residents. The design is modern and elegant, with a full range of amenities to provide convenience. It is particularly suitable for the younger generation, embracing the concept of the "Young & Restless Generation" and offering a vibrant and fulfilling lifestyle at all times.

 

3.The Esse Asoke

The Esse Asoke - Starting at 11.5 million baht*

For those seeking a complete and luxurious lifestyle in the heart of Asoke, The Esse Asoke is the perfect choice. This high-rise Sukhumvit condominium is located on Asoke Montri Road, right in the heart of Asoke, with convenient access and just 200 meters away from the BTS Asoke Skytrain station.

The Esse Asoke is designed under the concept of "Live Highest, Live Finest," reflecting a commitment to providing residents with a complete and exceptional living experience. The interior design follows a modern and elegant style, with a focus on spaciousness, comfort, and an atmosphere of true relaxation.

 

4.Supalai Oriental Sukhumvit 39

Supalai Oriental Sukhumvit 39 - Starting at 7.1 million baht*

Situated in the heart of the Phrom Phong area, Sukhumvit's Supalai Oriental Sukhumvit 39 offers convenient access, being located just 100 meters from the BTS Phrom Phong Skytrain station. The project is designed under the concept of "Luxurious Modern Oriental," which reflects a commitment to providing residents with a luxurious and contemporary living experience blended with the essence of the orient.

This concept is conveyed through various dimensions of the project, including its prime location, comprehensive amenities, thoughtful design, and a wide range of unit sizes, ranging from 1 bedroom, 1 bathroom to 4 bedrooms, 4 bathrooms. The units have been meticulously designed to offer valuable and comfortable living spaces for the residents.

 

5.Siamese Gioia

Siamese Gioia - Starting at 8 million baht*

Siamese Gioia is another high-end Sukhumvit condominium that's worth considering. It is located on Sukhumvit 38 and designed in a Modern Luxury style that combines the sophistication of modern design with a warm and relaxing ambiance. The project is developed under the concept of "The Joy of Life," which aims to provide residents with a joyful and fulfilling living experience.

Siamese Gioia offers a wide range of unit sizes, ranging from 1 bedroom, 1 bathroom to 4 bedrooms, 4 bathrooms, catering to various lifestyles. The condominium comes equipped with a library, recreational room, meeting rooms, and three large swimming pools. It also features a fully equipped fitness center with personal trainers available.

 

6.Hyde Sukhumvit 11

Hyde Sukhumvit 11 - Starting at 9.7 million baht*

Continuing with the list, Hyde Sukhumvit 11 is a Sukhumvit condominium known for its exceptional location. Situated on Sukhumvit Soi 11 in the heart of the Sukhumvit area, it offers convenient access and is just 450 meters away from the Nana BTS Skytrain station.

Hyde Sukhumvit 11 stands out with its design, which is based on the concept of "The Secret of Living." It's packed with various convenient amenities, including an automatic parking system, which allows residents to enter and exit the parking area quickly and hassle-free, without the need for self-parking. For those seeking a condominium in the heart of the city that caters to every lifestyle, Hyde Sukhumvit 11 is another appealing and worthwhile option to consider.

 

7.Muniq Sukhumvit 23

Muniq Sukhumvit 23 - Starting at 14.7 million baht*

Muniq Sukhumvit 23 is the last Sukhumvit condominium on the list that's worth considering as an investment in 2024. The project is designed under the concept of the "Art of Living," focusing on simplicity and convenience reminiscent of a hotel, while also emphasizing a personal touch. The use of glass and metal materials gives the building a beautiful and luxurious appearance.

Additionally, the project places significant importance on green spaces, with small gardens and trees located throughout the development to create a refreshing and vibrant atmosphere for residents. For those who appreciate green spaces, Muniq Sukhumvit 23 offers an appealing option.

Should you still invest in Sukhumvit condo rentals?

The potential for renting Sukhumvit condos remains high due to the demand for residential spaces in this area. This demand comes from a diverse population, including business professionals, students, and expatriates. The Sukhumvit area boasts numerous conveniences and is well-connected, with proximity to both the BTS and MRT public transportation systems.

According to data from CBRE, the average condo rental rate in Sukhumvit currently stands at approximately 80-90%. The average rental prices are around 500-600 baht per square meter for Studio units and 600-800 baht per square meter for 1-bedroom units. The rental prices for Sukhumvit condos can vary based on several factors, including location, unit size, project condition, the level of amenities, and market conditions.

In general, Sukhumvit condo prices are divided into three levels:

 

1. Initial Segment (Asok-Chidlom): This segment, which includes the Asok and Chidlom areas, is considered the prime business and trade district of Bangkok. Numerous leading companies are based here, leading to higher condo prices, with average prices ranging from 5-8 million baht per unit.

2. Middle Segment (Ekkamai-Phrom Phong): This segment, encompassing areas from Ekkamai to Phrom Phong, combines residential and business aspects, offering a wide range of conveniences. Condo prices in this area are relatively lower, with average prices between 3-5 million baht per unit.

3. End Segment (Bangchak-Bearing): The segment near Bangchak and Bearing stations is a developing residential and business area, with condo prices averaging between 2-4 million baht per unit.

 

In summary, Sukhumvit condo rentals remain a potentially lucrative investment due to the area's high demand for housing and excellent connectivity. However, rental prices can vary widely based on the specific location, amenities, and market conditions within Sukhumvit.

 

However, it's important to note that Sukhumvit condo prices can be subject to market fluctuations. During economic downturns, condo prices may decrease, while during periods of economic growth, prices may rise. Therefore, investors should carefully consider suitable condo prices for the market by taking various factors into account. These factors include the location, unit size, project condition, and the level of amenities. Assessing these factors can help investors evaluate the risks and opportunities associated with their investments.

 

In summary, Sukhumvit remains a highly popular and central location for condo investments due to its high rental potential, convenience, and proximity to various amenities. For investors interested in Sukhumvit condo investments, it's advisable to choose projects with excellent locations, close to amenities, and distinguishing features such as well-designed facilities or competitive pricing. These considerations will help assess both risks and opportunities associated with condo investments in the Sukhumvit area.

 

For those interested in buying a condo at The Bangkok Residence, it's recommended to work with experienced real estate agents who have over 14 years of experience and a specialized team to provide comprehensive services. This will help investors make confident and worthwhile investment decisions. Additionally, if you are looking to sell a condo, you can also use their services to list your Sukhumvit condo. Consult with their expert team for more information.

 

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