Lately, all the focus on Bangkok’s prime properties is in Thonglor – the latest investment hotspot.
As such condo prices in Thonglor have shifted upward from 120-150,000 THB Per/Sqm to an impressive 250,000+ THB Per/Sqm for some of the top projects.
Running parallel to Thonglor, Ekkamai is benefitting from the spillover effects. And here’s the good news for investors – this neighbourhood is still pretty much under the radar!
Ekkamai – An appealing neighbourhood
While Thonglor is often seen as the flashy, high society hang-out, Ekkamai has more of an old town charm to it. It still has a good mix of day and night entertainment venues and is no less convenient than it’s neighbour.
Big C Ekkmai
From Ekkamai, it is only a few BTS stops away to Asoke. It is also easily accessible via Phetchaburi, Sukhumvit and Rama 4 Road.
Last but not least, for families, there’s also easy access to good international schools.
Is There An Investment Opportunity?
Yes, there certainly is. The convenience, location and trendy environment have made Ekkamai a much sought after location for young working professionals.
The location is slowly but surely gaining its reputation as a desirable residential address.
In fact, major developers are slowly making their presence felt in Ekkamai with recent launches.
The Lofts Ekkamai By Raimon Land – Fully Sold
RHYTHM Ekkmai by AP (Thailand) – Fully Sold
At an average price of THB180,000-THB200,000 psm, prices of condos in Ekkamai are still relatively lower compared to those in Thonglor. This means lower capital outlay for investors as well as better rental yields.
It is also worth noting that Ekkamai has yet to see as much re-development as Thonglor.
This will eventually translate into better investment upside for investors who are the early movers.
This article first featured on www.LittleBigRedDot.com