Thong Lo or Thonglor is also known as Sukhumvit Soi 55.
Thonglor is a prime residential location because it has so many lifestyle services and amenities, such as restaurants, shopping centres and hospitality venues. The area also has both day-life and night-life as it is located close to BTS, making it very convenient for people travelling between their home and place of work.
Thong Lo BTS
In recent years, Thonglor has become synonymous with the hippest night spots and most trendy restaurants in town. Popular with both local Thais and expats alike.
Octave Sky Bar
As such, Thonglor has become 1 of the choice location for home-stay by millionaires and celebrities. This is also an area where it is highly favoured by expats, especially the Japanese. So much so that it is also known as “Little Tokyo”.
Lately, developers have shifted their focus to this Thonglor and are launching luxury projects in this area.
According to The Nation newspaper, Thonglor is about to welcome:
“…developments worth more than Bt50 billion combined this year.”
This staggering level of investment demonstrates an unprecedented level of confidence in the demand for luxury properties in Thonglor.
Condo prices have shifted upward from 120-150,000 THB Per/Sqm to an impressive 250,000+ THB Per/Sqm for some of the top projects.
Khun By Yoo Inspired By Starck (Sansiri) – Baht 15 million
The Reserve Thonglor (Pruksa Real Estate) – Baht 10 million
The area has also developed a stable rental market offering rental yields in the region of 4-6%. In terms of tenant demographics, the area attracts a mix of expats such as Japanese, Korean and European residents.
According to Plus Property, a real estate agency, the most popular units are one-bedroom condos with 50-55 square metres of space, which fetch a rental price of Bt50,000-Bt60,000 per month.
Nexus Property Market, another real-estate agency, forecasts that demand for condominiums priced between Bt200,000 and Bt360,000 per square metre in the Thonglor area will remain still strong, due to the limited availability of land for new development.
Thonglor will continue to attract quality people who desire a premium lifestyle.