The Khlong Tan Nuea District is an area of the Watthana district in Bangkok. This is a large area located next to the entertainment area in Bangkok. There are not many expats in this area and it has seen major property developments over the years. Condominium units here tend to be for the Thai middle class in the 1 – 3,000,000 THB range of properties which are rare and many new higher-end developments dotting the landscape.
Khlong Tan Nuea District Property
The Khlong Tan Nuea area does offer many options such as investment properties. Some of the largest developments have been the Nivati Thonglor 23 close to the BTS Thong Lo. For 50,000,000 THB you could get a three-bedroom condominium unit with 178 Sqm of useable living space. Unlike the many high-rises this was a mid-rise development with good quality materials being used. The Sansiri property development was a high-rise with units selling for 18,000,000 THB for two bedrooms and 85 Sqm of space.
If you are looking for a small condo unit with a view, then you can find gems in this location. The Sukhumvit Suites was one of these developments and you can still a unit for about 3,000,000 THB with a good view of the city. With 42 Sqm and close to the BTS system this will suit many expats and locals. There is also The Winning Tower, with about the same size and price range which you do occasionally find on the market for sale or rent.
You will note that foreigners are not allowed to own more than 49% of the units in a building in Thailand and buying secondhand can produce its own problems. Always speak to a property attorney in Thailand for sage advice and assistance. Also ensure that you do a due diligence report on property before you deposit money for the condominium unit. Litigation is Thailand is slow and expensive and there is not always a remedy in the end.
If you are looking for a wider range of properties, then you should look at the larger Watthana district for more options. Khlong Tan Nuea is in the center of the district with property to the West closer to the entertainment venues certainly going to be more expensive. Below you will find the average property prices and rental prices in the entire district. Speak to a property agent in Bangkok for more details and assistance as this is only a very rough guide.
Rental Units in Watthana District
|September 2016||538 THB per Sqm||April 2018||588 THB per Sqm|
|February 2017||553 THB per Sqm||October 2018||583 THB per Sqm|
|August 2017||583 THB per Sqm||January 2019||596 THB per Sqm|
You will note that like other districts in Bangkok the rental prices in Watthana tends to follow the sale prices in the area. You can see this by the table below on sale prices in the Watthana area have growth while the rentals have also shown persistent growth over the years.
Sale Units in Watthana District
|September 2016||117,000 THB per Sqm||April 2018||148,000 THB per Sqm|
|February 2017||134,000 THB per Sqm||October 2018||154,000 THB per Sqm|
|August 2017||143,000 THB per Sqm||January 2019||167,000 THB per Sqm|
Take proper legal advice as well as financial advice from an expert in Thailand. Mistakes can be costly and you are best advice to seek proper legal and financial advice from a professional in person. Consider all the options in the Khlong Tan Nuea district of Bangkok.