Chong Nonsi Real Estate Overview

The Chong Nonsi real estate market has experienced significant growth in recent years, driven by factors such as its prime location, infrastructure development, and increasing demand for residential and commercial properties. The area has witnessed a surge in high-rise condominium projects, attracting both local and international buyers. The rental market in Chong Nonsi is also robust, with strong demand from expatriates and professionals working in the nearby business districts.

1. Chong Nonsi Real Estate: Strategic Location

Chong Nonsi’s strategic location is a key factor contributing to its real estate appeal:

• BTS Chong Nonsi Station: The area is served by the BTS Chong Nonsi Station, providing easy access to the Silom Line and connecting residents to major business districts, shopping centers, and entertainment venues.
• BRT Sathorn Station: Additionally, the BRT Sathorn Station offers convenient access to the Bus Rapid Transit system, further enhancing connectivity within the city.
• Proximity to Business Districts: Chong Nonsi is located close to major business districts such as Silom and Sathorn, making it an ideal location for professionals and businesses.
• Accessibility: Chong Nonsi’s accessibility is enhanced by its connections to major roads and expressways, which ensure easy travel both within the city and to other areas. These include Narathiwat Ratchanakarin Road, a main road passing through Chong Nonsi; Sathorn Road, an important east-west road; Chalerm Mahanakorn Expressway, offering quick access to other parts of Bangkok; and Si Rat Expressway, another major expressway system that is easy to reach from Chong Nonsi. These road connections, along with the BTS Skytrain and BRT (Bus Rapid Transit) systems, make Chong Nonsi a highly accessible location within Bangkok’s transportation network.

2. Chong Nonsi Real Estate: Affordable

Chong Nonsi offers a range of property options to suit different budgets. While prices in prime locations can be higher, there are also more affordable options available in surrounding areas. The average price per square meter for condos in Chong Nonsi is between 150,000 and 250,000 THB.  While this is considerably higher than areas such as Bang Na, where new Grade B high-rise condos average around 120,000 baht per square meter, it is still more affordable compared to areas such as Central Lumpini, where ultra-luxury condos can reach prices as high as 500,000 baht per square meter.

3. Chong Nonsi: Mega Projects

Chong Nonsi has witnessed the development of several mega-projects that have transformed its landscape and attracted significant investment. Some notable projects include:

• MahaNakhon: The tallest building in Thailand, this 77-story mixed-use development features a high-rise tower with luxury residences, office space, a boutique hotel, and retail space.
• Empire Tower: A 62 story prominent office building housing multinational companies and businesses.
• Silom Complex: A popular shopping mall offering a wide range of retail and dining options.
• Chong Nonsi Canal Park: A newly developed urban green space spanning 4.5 kilometers, set to be fully completed by 2025.

These mega-projects have contributed to Chong Nonsi’s reputation as a key economic and commercial hub in Bangkok.

4. Chong Nonsi: A Commercial Hub

Chong Nonsi has established itself as a thriving commercial center in Bangkok.

• Corporate Offices: The area houses numerous corporate offices and multinational companies, particularly in the finance and banking sectors such as HSBC and Standard Chartered that have offices in the Empire Tower Complex.
• Business Centers: Entrepreneurs and startups are drawn to Chong Nonsi because of the numerous business centers and co-working spaces. One prime example is WeWork Asia Centre, which offers coworking spaces and private offices conveniently located near BTS Chong Nonsi.
• Retail and Hospitality: The presence of shopping malls like Silom Complex, hotels like W Bangkok, and restaurants contributes to a vibrant commercial environment.
• Medical Facilities: Chong Nonsi is home to renowned hospitals, such as BNH Hospital and Saint Louis Hospital, providing residents with access to quality healthcare.

5. Chong Nonsi: International Schools

Chong Nonsi and its surrounding areas offer access to quality international education, making it a popular choice for families.

• St Andrews International School Sathorn is a small community-based primary school located in the central business district of Bangkok, near Silom Road. It offers a balanced British International curriculum for students aged 2-11 years in a safe and inspiring environment. The school has received consecutive ‘Gold’ ratings from the Education Development Trust for being an outstanding school. 
• Shrewsbury International School: Located nearby, Shrewsbury offers a British curriculum for students aged 3-18. It follows the English National Curriculum and has an exceptional record of IGCSE and A-Level results.
• Assumption College: A well-established school offering a Thai curriculum with an international program.
• Aster International School Bangkok is a relatively new international school offering an enhanced British international curriculum. It caters to students from Pre-Nursery to Year 13 (ages 2-18) and focuses on combining academic rigor with core competencies to provide a well-rounded education. 
• Double Trees International School’s Rama 3 Campus is located in the Chong Nonsi area. It is a trilingual international school offering education in English, Chinese, and Thai. The school focuses on a play and activity-based approach to encourage exploration and learning, particularly for younger students.

Buy a Property in Chong Nonsi

Chong Nonsi offers a diverse range of property options for buyers, including condominiums, houses, and commercial spaces. Foreign buyers can purchase condominium units under certain conditions, while house purchases may require alternative arrangements due to foreign ownership restrictions. 

Purchase a Condominium in Chong Nonsi

Condominiums are a popular choice in Chong Nonsi, offering modern living spaces and convenient access to amenities. Prices vary depending on the size, location, and developer. Chong Nonsi provides a wide variety of condominium options to suit different needs and budgets:

• High-Rise Luxury Condominiums such as The Ritz-Carlton Residences at MahaNakhon featuring premium amenities, high-end finishes, and panoramic city views. Prices typically range from 200,000 to 300,000 THB per square meter.
• Mid-Range Condominiums that offer a balance of quality and affordability. Prices generally range from 150,000 to 200,000 THB per square meter.
• Affordable Condominiums that provide more budget-friendly options for students and young professionals. Prices can start below 100,000 THB per square meter.

• Low-Rise Condominiums that offer a more intimate living experience and often feature fewer units and a community-oriented atmosphere.
• Mixed-Use Developments like MahaNakhon that combines residential, office, and retail spaces. They offer integrated living experiences with direct access to various amenities.

Condominium sizes in Chong Nonsi range from compact studios (approximately 30 sqm) to spacious 3-bedroom units (over 200 sqm), catering to individuals, couples, and families. The area’s condominium market primarily focuses on mid-range to luxury segments, which reflects its prime location in Bangkok’s central business district.

Purchase a House in Chong Nonsi

Houses in Chong Nonsi 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 Chong Nonsi must navigate foreign property ownership laws, which restrict direct land ownership. Options 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 Chong Nonsi

• Townhouses: Compact options suitable for small families or professionals.
• Detached Houses: Standalone homes offering privacy and space, typically ranging from 200-400 square meters.
• Luxury Villas: High-end homes in exclusive developments, though these are rare in the immediate Chong Nonsi area.

Chong Nonsi Real Estate Final Words

Chong Nonsi’s strategic advantages, including its prime location, excellent connectivity, and diverse property options, position it as a highly attractive area for real estate investment. The consistent appreciation of property values, coupled with healthy rental yields, underscores the area’s potential for generating strong returns. While property prices in Chong Nonsi can be higher than in other areas of Bangkok, the area’s robust infrastructure, thriving business environment, and vibrant lifestyle make it a compelling choice for both investors and those seeking a premium urban living experience. The ongoing development and limited land supply in Chong Nonsi are expected to further drive property values in the future, making it a sound investment choice for those looking to capitalize on Bangkok’s dynamic real estate market. Contact Keller Henson real estate agent to explore available properties in Chong Nonsi and find the perfect investment opportunity for you.