A low-rise condo in the suburban Bangkok area of Bang Na is being showcased in Borneo this weekend.
What’s interesting about this story is that the event is being hosted by a Brunei-based real estate firm, and that reservations appear to start from just BN$ 88 (THB 2,000).
Level Condominium (pictured) is the focus for a three-day event hosted by Valor Property Agency, which ends today (Sunday).
The agency says the 10-storey development with more than 750 units is located near Survarnabhumi Airport.
Valor Property is reported to have secured 63 units on the top three levels for its clients.
The agency said the property represents a perfect opportunity for investors chasing high rental yields. Buyers will receive 7 percent rental returns that are guaranteed for five years.
The project is scheduled for completion in December 2019.
According to data from the Thailand-Property portal, average rentals in the Bang Na area are currently THB 11,612, and gross rental yields based on asking prices stands at 5.7 percent.
The location of the development appears to be half way between Surarnabhumi and Bang Na BTS.
So, although the price per sqm is listed on several Thailand property portals and websites as being less than THB 60,000 per sqm for a 50 sqm one-bedroom unit, the future rental potential for this location should be thoroughly investigated and understood by potential buyers and investors.