Asoke is an established section of Bangkok’s Central Business District (CBD), it is a

vibrant business and commercial hub with an appealing lifestyle. As a section of the
core CBD, Asoke offers investment stability and security. The area benefits from a
range of positive investment factors notably:

 Established Business Hub

Several national and international businesses are headquartered in the area; especially
along Sukhumvit 21 Road, that hosts a collection of office towers.

 Convenient Travel

Asoke is the host of the main BTS/ MRT Mass Transit interchange, meaning it is a
central transport hub for commuters and travellers. The Airport Rail Link, also offers a
convenient and fast way to travel from Asoke’s Makkasan Station to Suvarnabhumi
International Airport.

 Area Development & Gentrification

Despite being an established business center, the area is still developing and its urban
landscape is rapidly transforming. Several expansive mixed-use projects are being developed in
the area, such as the newly completed Singha Complex and The Parq on the Rama 4
Intersection.

Source: https://freshbangkok.com/where-to-buy-property-in-bangkok/
4. Silom
 

 
Considered one of the older and more established parts of Central Bangkok, Silom is a
neighborhood where ultra-modern fare, blends with an old-world retro environment. This
unique charm is a big part of the neighborhoods appeal and desirability!
The area is a dynamic residential and commercial centre, and residents have access to
a huge choice of restaurants, eateries and cafes. The area is also well-known for its
eclectic nightlife and evening venues.
Reasons to buy in Silom:

 Amazing Lifestyle
The area offers an eclectic and convenient lifestyle; with the Silom Complex shopping
mall and an impressive collection of dining and leisure options. With some of the
Capital’s best restaurants and most famous eateries located in the area.

 Business Hub & Convenience

Silom offers proximity to Sathorn Road business centre.

 
The area is an important business hub, with numerous office buildings hosting
businesses from around the world. Silom is also located in proximity to Sathorn, the
centre for Bangkok’s high-finance (I.e. Banking, Insurance, Private Equity, Investment
Funds, etc…).

 High-Quality Residential Projects

Silom has been a popular residential option for both Thai and expats for many years.
Several developers have capitalized on this appeal, developing a range of high-quality
residential projects.
5. Phrom Phong
 

 
Phrom Phong is a super-popular and vibrant shopping and leisure district!
Two luxury malls are located in the neighborhood notably Emquartier and Emporium,
both conveniently connected to the BTS Skytrain. There are also several community
malls peppered throughout the area, such as K-Village.
The area is packed with restaurants, eateries and coffee shops catered to the local
community. Residents of Phrom Phong, can enjoy a relaxed and convenient lifestyle!
Phrom Phong’s main selling points:

 Leisure and Shopping Hub

 
 Phrom Phong has a wide range of leisure venues catering to local residents.
 
Phrom Phong offers a dynamic and exciting lifestyle with a huge selection of things to
do!

 Convenience

Phrom Phong is centrally located (Only 1-BTS stop away from Asoke) making it an ideal
residential area for working professionals and commuters.

 Wide Selection of Projects

Residential developers have developed a series of condo projects in the neighborhood.

Offering a wide selection of options to potential buyers.

Source: https://freshbangkok.com/where-to-buy-property-in-bangkok/
2. What is the average salary of a young professional in Bangkok?
Minimum Salary in Bangkok, Thailand

Thailand is one of the fastest growing cities in Asia in economic terms, and economic conditions in the
country are improving. In 2018, minimum wages in Thailand had a hike in the whole country. The
country has 76 provinces, and minimum wages vary in different provinces.

Currently the minimum salary in Bangkok, Thailand is of 325 Baht per day, or approximately USD 10. Per
month, considering a full time job, the sum is of approximately 220 USD per month (considering one
works 22 days in a month). Despite being the economic center of the country, the minimum wages in
Bangkok are not the highest in the country. The provinces of Chon Buri, Phuket and Rayong have a
slightly higher minimum salary, at 330 THB per day.

You can check the minimum salaries in each of Thailand’s province as of 2018 in this article.

Average Salary in Bangkok, Thailand

Average wages in Bangkok is pretty high compared to other areas of Thailand. Currently, the average
wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD.

Bangkok has some of the highest average salaries among ASEAN members capitals. Singapore is the first
on this list, followed by Bandar Seri Begawan, Kuala Lumpur and then Bangkok.

Source: https://checkinprice.com/average-minimum-salary-in-bangkok-thailand/

About the Data

The above data is a sample of data available in ERI's Global Salary Calculator. The
Global Salary Calculator provides compensation data for over 45,000 positions in
8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries,
incentives and total compensation by industry, organization size and salary planning
date, please view a demonstration version of ERI's Salary Assessor, which is used by
the majority of the Fortune 500 for salary survey data and compensation planning.

Source: https://www.salaryexpert.com/salary/area/thailand/bangkok

Source: https://teleport.org/cities/bangkok/salaries/#salary-rankings
Source: https://www.averagesalarysurvey.com/bangkok-thailand

ASOK

3. What is the average price for a two-bedroom unit in each of these three
areas?
Source: https://www.thailand-property.com/2-bedroom-condo-for-sale-in-cloud-thonglor-
phetchaburi-bang-kapi-bangkok_3833238
ON NUT
SILOM
4. What is the estimated rent for such units in each of these three areas?

SILOM AREA
ASOK AREA
ON NUT
Source: https://www.thailand-property.com/condos-for-rent/search/on+nut/2-bedrooms?
furnished=fully
5. What is the rental yield in each of these three areas?
Source: https://freshbangkok.com/sukhumvit-vs-silom-sathorn-comparing-rental-yields-and-
investment-benefits/

Investment Guide: Bangkok Condo Rental Yields Overview

Posted on May 28, 2017, updated on April 15, 2020 by Pierre Leung
Bangkok is a vibrant economic hub and a popular investment destination in the
heart of South East Asia. As a result, the city benefits from a solid rental market
that is comprised of both Expat and Thai renters.
Property Professionals from Real Estate Agencies, Investment Consultancies and
Residential Developers agree that Central Bangkok offers:
4-6% Achievable Gross Rental Yields
While this is a publicly published figure, it is often thrown around with very little
context or insight into local market conditions.
This is the equivalent of equipping a foreign tourist with a city map, without
explaining where that person is currently located. While the map is useful,
without appropriate context it is unfortunately “unhelpful”; this is a paradox this
article is hoping to address!
What Rental Yields are reasonably expected?
 

 
No investment is created equal and different condo buildings, areas and units will
offer varying level of returns. Here is what is to be expected:
4- 4.5 % Yield
– This is generally considered low for Bangkok however as a general “rule of
thumb” newly launched condos especially in prime locations (I.e. Phrom Phong,
Asoke or Ploenchit) often offer Rental Yields on the lower-end of the spectrum.
While this may seem unattractive, newly launched developments in CBD locations
often benefit from higher and appealing Capital Appreciation returns!
4.5-5.5% Yield
– The majority of condos offer yields in this range; interestingly, the condos
offering this return on investment can vary enormously in terms of condo
location, type and even price range.
5.5- 6 % Yield
– Properties offering this level of rental yields are becoming increasingly rare.
Investor should be careful, especially when pursuing an investment strategy of
purely focusing on “maximizing” rental yields. In many cases Condos offering
these returns have fundamental issues that are landlord, building or unit related.
As the saying goes, “Caveat Emptor” (Let the buyer beware) …

Where are the best Rental Yields found?

Unfortunately, there is no straight forward answer, especially in a huge city like
Bangkok that offers hundreds of neighborhoods and condos. In the city, Rental
Yields need to be evaluated on a Condo-by-Condo basis. It is also important to do
some due-diligence and research into whether the neighborhood benefits from a
good rental demand.

While there is rental market in every neighborhood in the Capital, it is important

to note that demand levels and tenant demographics vary greatly between
locations. Generally foreign investors are advised to consider only Central
Business District locations and areas in close proximity notably:
–  Sukhumvit  (BTS Nana- On Nut)
–  Silom- Sathorn (BTS Saladaeng- Surasak)
–  Wireless-Ploenchit (BTS Ploenchit, Chidlom, Ratchadamri)
There are several other areas that benefit from strong rental demand, however
the bulk of the market tends to cluster in these areas.

Source: https://www.globalpropertyguide.com/Asia/Thailand/Rental-Yields
What Type of Condo Investment can I expect?
It’s always good to evaluate some real life examples, so here are a few different
investments currently being marketed by Fresh Property that offer varying Rental
Yields:
1. Keyne by Sansiri
Location: Thonglor
Specs: 1 Bed/ 1 Bath/ 36 Sqm.
Sales Price: 8 MB
Rental Rate: Approx. 30-35,000 THB PCM
Expected Rental Yield: 4.5- 5.25 %

Keyne by Sansiri 1 Bed Condo

The price of the condo approx. 222,200 THB per/sqm, can generate a broad range
of yields. It is important to note that this Condo offers a convenient lifestyle
benefiting from stylish common areas and luxury facilities. On top of this the
development is located in a chic neighborhood and only a few meters away
from BTS Thonglor. Investor that would consider this property would tend to
invest with a capital appreciation strategy in mind.
2. Villa Asoke
Location: Asoke
Specs: 1 Bed/ 1 Bath/ 41 Sqm.
Sales Price: 5.5 MB
Rental Rate: Approx. 20-25,000 THB PCM
Expected Rental Yield: 4.3- 5.45 %

Villa Asoke 1 Bed Condo

A well-presented and charming Condo offered at approx. 134,000 THB per/sqm
and offering a yield ranging between 4.3-5.43 %. The majority of condos tend to
fit this profile; depending on the development and location, these units can be
great medium/long-term investments, as they can perform on both a rental and
capital appreciation basis.
3. The Trendy Condominium
Location: Nana
Specs: Studio/ 1 Bath/ 36 Sqm.
Sales Price: 4.5 MB
Rental Rate: Approx. 18-23,000 THB PCM
Expected Rental Yield: 4.8- 6.1 %

Trendy Condominium Studio Example (Only for Illustration Purposes)

Interestingly, Trendy Condominium is a fairly well managed condo with pleasant
facilities (I.e. A large sunny pool and full-equipped gym). The building is also
conveniently located only a 10 Minute walk from BTS Nana. However the sales
prices of Units in this Condo have lagged behind, simply because the building
struggles with an “image issue”.
Firstly it is located on Sukhumvit Soi 13, which is particularly narrow not making it
pleasant for pedestrians. Secondly retail and commercial space is available in the
Condo’s lower floors and in the past the building was populated by a multitude of
massage and laundry shops. This is slowly starting to improve, especially with the
arrival of VFS the official visa center for the UK!
How can I maximize Rental Yields in Bangkok?

The key to solid Rental Yields is a simple financial solution, buy better value
condos that offers higher monthly rent. A few simple strategies include:
1. Select Low-Rise Condos
These types of residential developments are by default marketed at more
competitive prices compared to their high-rise counterparts. This is because since
they offer fewer units, they tend to be less advertised and benefit from less
exposure. Developers of low-rise condos generally add less mark-up to their
launch prices, as they need to remain competitive compared to high-rise
developments in the neighborhood.
2. Consider “Older” Condos
A general rule of thumb is the older the condo, the higher the achievable yield.
This is because older condos in Bangkok, tend to be sold at cheaper price per/sqm
compared to newer launches. It is important to do careful due diligence when
considering this strategy. Some older condos are badly maintained/managed
resulting in extra maintenance costs or simply not popular rental options due to
their dated environments.
3. Distressed or Urgent Sellers
This is every Rental Yield investor’s favorite buzzword and a typical search
requirement we often receive:
“Looking for really discounted condos, where the seller is distressed”
While distressed or urgent sales are available, it is likely you will wait a LONG time
before an opportunity arises. From personal experience, Landlords (Majority of
which are Thai) tend to prefer offering their distressed assets to family and
friends first. Landlords that do decide to contact agents do not stay on the market
very long (Especially if the property is in a popular development).
Final Bangkok Rental Property Investment Advice
When property searching, it is important not to be too fixated on purchasing a
Condo that can achieve maximum rental yields. Bangkok has a competitive Rental
Market with a multitude of Condos for renters to choose from and “vacancy
periods” can be a big issue.
Therefore equal attention must be paid to whether there is:
1. Solid rental demand for the Condo Project
2. Solid demand for the Neighborhood
Bangkok is a huge city full of property investment opportunities and savvy
investors can profit through a combination of rental yields and capital
appreciation profits!

Source: https://freshbangkok.com/investment-guide-bangkok-condo-rental-yields-overview/