Bangkok condo prices expected to rise > 10%, driven by new land appraisal prices
With sales rate for all Bangkok condominiums during the first half of 2015 standing at 88 percent, the average condominium price across Bangkok rose by 6 percent from the end of last year to approximately THB 101,500 per sqm. As Bangkok condominium prices rose consecutively during the past several years, rental rates were not reflective of this and yields have declined over the past three to five years. City area condominiums, like in Sathorn, Langsuan, and the area from Lower Sukhumvit to On Nut, retained higher rental rates. New one- and two-bedroom condominiums in Thonglor and Sukhumvit had the highest rent at THB 889 per sqm per month, while the Sukhumvit-Bang Na area achieved the lowest rent at THB 384 per sqm per month.