Bang Chak Real Estate Overview

Bang Chak has become a popular real estate destination in Bangkok for both local and international investors due to its prime location, affordable property options, and ongoing development. Data from the Real Estate Information Center (REIC) shows that property transactions in Bang Chak have increased 15% year-over-year since 2020. The average price per square meter for condominiums ranges from 150,000 to 200,000 THB, and property values are appreciating by 5-7% annually. This growth is fueled by multiple factors, including infrastructure improvements, proximity to Bangkok’s central business district, and large-scale development projects in the area.

1. Bang Chak Real Estate: Strategic Location

Bang Chak’s strategic location is a key factor driving its real estate appeal:

• BTS Skytrain: The district is well-connected by the BTS Skytrain, with stations at Bang Chak and Punnawithi, providing convenient access to other parts of Bangkok. The ongoing development of the MRT Yellow Line will further enhance connectivity in the area.
• Proximity to Amenities: Bang Chak is surrounded by various amenities, including shopping malls, restaurants, schools, and hospitals, offering residents a comfortable and convenient lifestyle. The area is within a 15-20 minute commute to major business hubs like Asoke and Thonglor.
• Accessibility: The area is well-connected to major roads and expressways, ensuring easy travel by car or public transportation. Bang Chak is well-connected via major roads such as Sukhumvit Road and Sukhumvit 101/1, offering convenient travel options for residents.

2. Bang Chak Real Estate: Affordable

Bang Chak offers a range of affordable housing options compared to other prime areas in Bangkok. The average price per square meter for condominiums in Bang Chak is generally lower than in areas like Asoke and Thonglor, making it an attractive option for first-time buyers and investors. While Bang Chak is experiencing rapid development, it still offers relatively affordable options compared to more central areas of Bangkok. The average price for a studio apartment in Bang Chak is 3,500,000 THB, while 1-bedroom and 2-bedroom apartments cost 5,000,000 THB and 8,000,000 THB, respectively. This affordability, combined with the area’s growth potential, has led to a 25% increase in first-time homebuyers in the area since 2021.

3. Bang Chak: Mega Projects

Several mega-projects have been developed in Bang Chak, contributing to its growth and development.

• The Phyll Connect: A mixed-use development with residential, office, and retail spaces.
• Summer Lasalle: A community mall that caters to the needs of residents in the area. These mega-projects, along with ongoing infrastructure developments, have enhanced Bang Chak’s appeal and contributed to its real estate value.
  

4. Bang Chak: A Commercial Hub

Bang Chak has a growing commercial scene, with various businesses and shops catering to the needs of residents and visitors.

• Community Malls: Bang Chak boasts several community malls, offering a range of shopping and dining options.
• Local Markets: The area also has local markets where residents can find fresh produce and other goods.
• Restaurants and Cafes: Bang Chak has a vibrant food scene, with numerous restaurants and cafes offering diverse cuisines.

5. Bang Chak: International Schools

Bang Chak and its surrounding areas provide access to quality international schools, making it a popular choice for families with children.

• Berkeley International School: Offers an American curriculum for students from pre-kindergarten to grade 12.
• Wells International School: Provides an American curriculum with an international focus.
• Bangkok Prep International School: Accessible within a 15-minute drive, offering a British curriculum.

Buy a Property in Bang Chak

Bang Chak offers diverse property options for buyers, including condominiums and houses. Foreign buyers can purchase condominium units under certain conditions, while house purchases may have restrictions on foreign ownership. With Keller Henson, you’ll find the property in Bang Chak you’re looking for, and our team will guide you from understanding Thai regulations in regards to foreign ownership conditions to buying a property in Bang Chak safely and smoothly. For more information, consult our guide to buying a property in Thailand.  

Purchase a Condominium in Bang Chak

Condominiums are a popular choice in Bang Chak, offering modern living spaces and convenient access to amenities. Prices vary depending on the size, location, and developer. 

• High-Rise Condominiums: Offer stunning city views and a wide range of amenities. 
• Low-Rise Condominiums: Provide a more intimate living experience.
• New Developments: Feature modern designs and state-of-the-art facilities. 
• Older Condominiums: Offer more affordable options and established communities. 

Purchase a House in Bang Chak

Houses in Bang Chak are less common than condominiums but offer more space and privacy. However, foreign buyers should be aware of land ownership restrictions in Thailand. Foreign buyers interested in purchasing a house in Bang Chak must navigate foreign property ownership laws, which restrict direct land ownership. However, alternatives include:

• Leasehold agreements, allowing foreigners to lease land for up to 30 years with possible renewals. Learn more in this article on leasehold vs. freehold.
• Establishing a Thai limited company to indirectly own the property. This method requires Thai nationals to hold at least 51% of the company’s shares.

Keller Henson can guide clients through the legal and regulatory processes for leasehold agreements or company setups, ensuring informed decisions compliant with Thai law ensuring a smooth and secure investment process.

Types of Houses for Sale in Bang Chak

• Detached Houses: Standalone homes offering privacy and space, typically ranging from 200-400 square meters.
• Townhouses: More compact options suitable for small families or professionals, ranging from 120-250 square meters.
• Shophouses: Commercial-residential hybrid properties, often 150-300 square meters in size.

Bang Chak Real Estate Final Words

Bang Chak is an attractive real estate opportunity for both local and international buyers due to its strategic location, affordability, and ongoing development. The area offers diverse property options and a growing commercial scene, making it a promising area for investment. It is poised to become one of Bangkok’s most sought-after residential and business districts. As Bang Chak continues to develop, property values are expected to appreciate, making it a sound investment choice for those looking to capitalize on Bangkok’s dynamic real estate market.

The area’s ongoing development, including major projects like True Digital Park and Cloud 11, is expected to drive further appreciation in property values. With average rental yields of 4-6% and consistent capital appreciation, Bang Chak remains an attractive option for both investors and residents seeking a dynamic urban lifestyle in Bangkok.

Bang Chak is positioning itself as a key hub for technology and innovation, attracting a young, professional demographic. This trend is likely to sustain demand for both residential and commercial properties in the coming years. However, potential buyers and investors should also be aware of the rapid pace of development, which may lead to increased competition and potentially affect future returns. Contact Keller Henson today to explore available properties in Bang Chak.