Bangkok: A real estate perspective

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How real estate firms define Bangkok locations varies from agency to agency. If you’re often confused we can assure you that you’re not alone.

Here, Knight Frank provides its description of both Bangkok locations, as well as how it defines different types of property and real estate.

If you follow this you shouldn’t be too far wrong.

City area.
This is the Central Business District area and its surrounding areas. It’s a popular location for Thais and expats, and it includes areas along the Chao Phraya River on Charoen Krung, as well as Rama 3. This area can be divided into sub areas.

Central Business District.
Although this is a matter of debate, this agency defines the CBD as being the area surrounding Sathorn, Silom and Wireless Road. These are established business locations with quick access to Sukhumvit, Rama 3 and the riverside areas.

This is the part of Sukhumvit between Soi 1 and Soi 63 on the north side of the road, and between Soi 2 and Soi 42 on the south side. It also includes Rama 1 in its entirety, as well as Ploenchit. This location is also popular with affluent Thais and expatriates.

Rama 3 and the Riverside.
This area stretches along Charoen Krung Road southwards to just past Sathorn Bridge, and to the north of Sipraya Road. It also includes both sides of Narathiwas Road and parts of Charoen Nakhon Road immediately adjacent to Taksin Bridge.

City Fringe area.
As the name would suggest, this location is on the fringes of Bangkok, yet provides easy access to the city. It has become an alternative location for condo buyers as a result of convenient access to both shopping and transport. Again, this area can be divided into sub areas.

Ratchada-Ladprao area.
This location is close to the Blue Line MRT and convers both sides of Ratchadapiskek Road and the start of Ladprao Road to the west.

Phahonyothin area.
Knight Frank describes this as an up-and-coming area in Bangkok, offering access to many academic institutions and Royal Thai Government agencies. It covers the area of Phahonyothin Road between Soi 1 and Soi 13, and between Soi 2 and Soi 14.

Late Sukhumvit area.
Another of Bangkok’s emerging locations, this is currently popular with young professionals and major property developers. It covers Sukhumvit Soi 63 to Soi 81, as well as Soi 42 to Soi 50.

Bangkok Peripheral area.
The three major areas under this location are Outer Sukhumvit (both sides of Sukhumvit after Soi 81 stretching to the Bang Na intersection), and Thonburi (the area covered by the BTS extension to Bang Wa).

Other areas.
These are areas that are not directly covered by any of the above classifications. They are mostly scattered across Bangkok and include locations such as Srinakarin, Chaengwattana, Kaset-Navamin, Petchakasem, and Samutprakarn, for example.

Condominium classifications.

Super-prime and prime.
These are units with selling prices of more than THB 170,000 per sqm location in the city area. The majority of the units in the project must be more than 50 sqme. Common facilities and unit decorations must be of very high standard or iconic.

Grade ‘A’.
Still in the city or in the city fringe areas, selling prices in this classification must be between THB 120,000 per sqm and THB 169,999 per sqm. Common facilities must be of high standard.

Grade ‘B’.
This covers development at any Bangkok location with a selling price of between THB 80,000 per sqm and THB 119,999 per sqm.

Grade ‘C’.
This classification related to any other condominium projects that do not qualify for the previous classifications.

Whilst not every real estate agency will use this exact terminology, at least this will give come clarity to how Bangkok property locations are viewed by some real estate firms.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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