Ekkamai Real Estate Overview

Ekkamai’s real estate market continues to evolve, shaped by local developments and global economic trends. Its strategic location, diverse property options, and potential for growth make it an area of interest for both local and international investors in Bangkok’s dynamic property landscape. The real estate market in Ekkamai has seen fluctuations over the past decade, reflecting overall economic conditions. In 2021, Thailand’s house prices rebounded, growing 8.5% year-on-year after a decline in 2020. The condominium market in Bangkok, including Ekkamai, experienced a 4.8% price increase in Q3 2023 compared to the previous year. Land prices in Bangkok and surrounding areas also rose by 3.8% in Q3 2023 year-on-year.

Ekkamai offers diverse property options with condominium prices ranging from 120,000 to 250,000 THB per square meter. Average prices for studio, one-bedroom, and two-bedroom units are 7.5M THB to 15M THB, respectively.

Global factors like the COVID-19 pandemic and the underperforming Chinese economy have impacted Ekkamai’s real estate market. Rising global interest rates have also tightened lending conditions.

Despite challenges, Ekkamai’s real estate market is expected to stabilize in 2025, with potential growth in property transfers. The recovery of Thailand’s tourism sector and ongoing infrastructure development are likely to drive demand, making Ekkamai an attractive area for investors.

1. Ekkamai Real Estate: Strategic Location

Ekkamai’s strategic location is a key factor driving its real estate market:

• BTS Ekkamai Station: Provides convenient access to the BTS Sukhumvit Line, connecting residents to major business districts, shopping centers, and entertainment hubs.
• Sukhumvit Road: A major thoroughfare with bus routes and taxi stands, ensuring easy connectivity to other parts of Bangkok.
• Proximity to Business Districts: Ekkamai is close to Asoke and Thong Lo, popular areas for businesses and entertainment. It takes 15-25 minute commute to other major business districts like Silom, Rama 1, Ploenchit, and Lumpini.
• Shopping and Dining: The area offers Gateway Ekamai, Major Cineplex, Big C Supercenter, and a variety of restaurants and street food vendors.
• Bus Terminal: The Eastern Bus Terminal is located in Ekkamai

2. Ekkamai Real Estate: Affordable

While property prices in Ekkamai can be higher than in suburban areas, they are generally more affordable than in prime areas like Chidlom, Thonglor and Ploenchit. This makes Ekkamai an attractive option for those seeking a balance between affordability and convenience. Ekkamai provides a more budget-friendly entry point into Bangkok’s luxury real estate market.

3. Ekkamai: Mega Projects

Ekkamai has seen significant development with new projects contributing to its urban landscape:

• Park Lane Ekkamai: A mixed-use development with residential, office, and retail spaces.
• Summer Hill: A luxury condominium project with high-end facilities and modern designs.

4. Ekkamai: A Commercial Hub

Ekkamai’s commercial scene is vibrant and diverse, with local businesses and international brands coexisting:

• Community Malls: Gateway Ekamai and Park Lane offer shopping, dining, and entertainment options.
• Street Markets: Local markets sell fresh produce, street food, and other goods.
• Offices: The area has a growing number of co-working spaces and startup hubs and office buildings for various industries.

5. Ekkamai: International Schools

Ekkamai and its surrounding areas have several international schools, making it popular among expat families:

• Ekkamai International School: Offers bilingual education and international programs.
• Bangkok Prep International School: Provides British curriculum education.
• Well International School: Offers American curriculum education.
• St Andrews International School Bangkok’s High School campus, 200 meters from the BTS Ekkamai station

Buy a Property in Ekkamai

Ekkamai offers various property types, including condominiums, houses, and commercial spaces. Foreign buyers can purchase condominiums under certain conditions, while house purchases may require alternative arrangements due to foreign ownership restrictions.

Keller Henson can assist you in finding your desired property in Ekkamai. Our team will provide guidance on Thai regulations concerning foreign ownership conditions and ensure a secure and seamless property acquisition process in Ekkamai. For more information, consult our guide to buying a property in Thailand.  

Purchase a Condominium in Ekkamai

Condominiums are a popular choice in Ekkamai due to their convenience and modern amenities. Prices vary depending on the size, location, and developer. Foreigners can directly own condominium units in Thailand, given that no more than 49% of the total units in the building are under foreign ownership.

While most Ekkamai condos offer standard amenities, some developments go the extra mile to provide unique and exclusive features. Ekkamai condominiums in Bangkok offer modern amenities such as swimming pools, fitness centers, 24-hour security and parking, with a variety of sizes and layouts at competitive prices. Some unique amenities include private onsens and spas, rooftop sky lounges and infinity pools, in-house cinemas or theaters, co-working spaces and business centers, and pet-friendly facilities like grooming services, and even dog-walking services. Condominium prices typically range from 120,000 to 250,000 THB per square meter, with studio units starting from 7.5M THB and one-bedroom and two-bedroom units ranging from 10M THB to 15M THB or higher.

Keller Henson offers comprehensive assistance throughout the condominium purchasing process in Ekkamai, from initial inquiry to registration at the Land Department, ensuring a seamless transaction experience. Keller Henson advices and helps buyers from property research to keys handover.

Purchase a House in Ekkamai

Small Housing Complexes and Gated Communities: Ekkamai does have some small housing complexes and gated communities that offer houses for sale. These developments often provide additional security, privacy, and amenities, making them attractive to buyers.

Houses in Ekkamai offer more space and privacy but are less common than condominiums. Foreign buyers may need to explore options like leasehold agreements or company setups to purchase a house.

Types of Houses for Sale in Ekkamai

• Townhouses: Compact and affordable options for small families or young professionals.
• Semi-Detached Houses: Offer more space than town houses and share one wall with a neighbor.
• Detached Houses: Standalone homes with maximum privacy and spacious gardens.

Foreign buyers interested in purchasing a house in Ekkamai must navigate foreign property ownership laws, which restrict direct land ownership. There are other available options including: 

• 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.

Ekkamai Real Estate Final Words

Ekkamai’s real estate market presents opportunities for both investors and homebuyers. Its strategic location, affordability, ongoing development, and vibrant commercial scene make it an attractive area for real estate investment. Careful research and due diligence are essential when buying property in Ekkamai, especially for foreign buyers who need to navigate legal requirements and ownership restrictions. With its unique blend of urban convenience and residential charm, Ekkamai continues to be a desirable destination for those seeking a dynamic lifestyle in Bangkok. Contact Keller Henson today to explore available properties in Ekkamai for sale.