The Chan Kasem District in Bangkok is where you will find Chandrakasem Rajabhat University and is in the same area as the Chatuchak open market which is very popular with international tourists. The area has developed since the MRT subway system passed the area with Lad Proa station as well as Ratchadaphisek station which is a middle class Thai area.
Chan Kasem District
The Chan Kasem district has seen a number of new developments over the past 3 years. The area is mainly a middle class Thai area and the property in the area reflects this. The average condo will set you back 5,000,000 THB and up with most of these being single bachelor system condominium units. Chan Kasem would normally fall under Chatuchak with property listings and you should be aware of this. You can also see the article on the Chatuchak property market on this website.
The area has seen a number of developments such as the Lumpini Place project which was built in Ratchayothin and is aimed at the rising middle class in Bangkok with units starting at 3,000,000 THB per unit. These types of units in Thailand tend to be your 28-30 Sqm units with 1 bedroom. These are in the range of 108,000 THB per Sqm which would appear to be the standard for middle class housing in the condo unit market. If you are a foreigner wanting to buy an investment property or retirement property, then you would need to speak to a property lawyer as there are limitations on what foreigners can own in Thailand.
Normally this would be no more than 49% of the units in a project. Other projects in the area have been built closer to the BTS sykytrain such as the Lumpini Park project with units starting at around 6,000,000 THB for a 36 Sqm unit which would sport 2 bedrooms and close to the BTS Sena Nikhom station. This is about 170,000 THB per Sqm getting closer to the BTS station. Property units close to mass transit in Bangkok tend to be more expensive and are normally easy to sell into the Thai market later.
There are not many foreign buyers in this area as it is a distance from Central Bangkok. There is however much value to be found in the area as most of the developments over the past year (2018/19) have been around the BTS and MRT systems. Many of the developments have been centered around the BTS Sena Nikhom station being the attraction to mass transit into Central Bangkok. If you are looking for good value when buying in Thailand, then the Chan Kasem and Chatuchak area is not to be overlooked.
Over the years many foreigners have bought small apartments in Bangkok which they use when coming to Thailand on holiday. This allows them to leave personal items such as clothing and golfing equipment in Thailand instead of trekking back and forth with it to their home country. Investing 100,000 USD in a good quality property in Thailand over the years will save you money, provide convenience and above all the property will increase in value over the years.
Always take proper legal advice before you buy any real estate in Thailand.