Phrom Pong Real Estate Overview

Phrom Pong’s real estate market has undergone significant growth, becoming one of Bangkok’s most sought-after areas. Condominium prices range between 150,000 to 300,000 THB per square meter, driven by increasing land scarcity and rising demand for high-end properties. The area has seen the launch of ultra-luxury developments like Marque Sukhumvit, priced at 34.2 to 180 million THB, and The Diplomat 39, with prices exceeding 250,000 THB per square meter. With enhanced accessibility through the BTS Skytrain and its proximity to commercial hubs like Asoke, Phrom Pong has evolved from a primarily residential zone to a vibrant mix of luxury living and Grade-A office complexes, such as Bhiraj Tower and Metropolis.

Phrom Pong is a hotspot for expatriates, particularly Japanese and Korean residents, sustaining a stable rental market and attracting buy-to-let investors. Its strategic location in central Bangkok and diverse property offerings, from high-end condominiums to commercial spaces, make it an appealing destination for both local and international investors. Land prices in the Sukhumvit-Ekkamai area, including Phrom Pong, have reached 1.7 million THB per square two meters, reflecting the area’s growing prestige. Looking ahead, ongoing development and strong demand are expected to further drive property values, with market stabilization anticipated by 2025.

1. Phrom Pong Real Estate: Strategic Location

Phrom Pong’s strategic location is a key driver of its real estate market:

• BTS Phrom Pong Station: Provides convenient access to the BTS Sukhumvit Line, connecting residents to major business districts, shopping centers, and entertainment hubs.
• The EM District: Phrom Pong is home to the EM District, a cluster of high-end shopping malls, including Emporium, EmQuartier, and The EmSphere, attracting shoppers and contributing to the area’s vibrant atmosphere.
• Benjasiri Park: A large public park offering green space and recreational activities.
• Proximity to Hospitals: The area is close to several hospitals, including Samitivej Sukhumvit Hospital and Bumrungrad International Hospital.

2. Phrom Pong Real Estate: Premium Properties

While Phrom Pong is considered a high-end area, there are still affordable housing options available, particularly older condominium buildings and apartments. Prices tend to be lower than in ultra-prime areas like Chidlom and Ploenchit. However, new luxury developments can command high prices per square meter. While there may be some older buildings offering relatively lower prices compared to new luxury developments, Phrom Pong is generally not considered an affordable area in Bangkok. Its real estate market caters primarily to high-income individuals, expatriates, and luxury buyers.

The price of condominiums in Phrom Pong ranges from 150,000 to 300,000 THB per square meter, with luxury developments exceeding those prices. The median sales price for a property in Phrom Pong is about ฿14M, and rental prices for 1-bedroom condos start from around 35,000 THB per month.

3. Phrom Pong: Mega Projects

Phrom Pong has seen continuous development, with several mega-projects shaping its landscape:

• The EM District: A major retail and entertainment complex, constantly expanding with new phases and offerings. EmQuartier is part of the “EM District,” which consists of three interconnected malls: EmQuartier, Emporium, and EmSphere

4. Phrom Pong: A Commercial Hub

Phrom Pong is a bustling commercial hub, with a mix of offices, retail spaces, and entertainment venues:

• Corporate Offices: Many multinational companies and businesses have offices in the area. Bhiraj Tower at EmQuartier is a 45-storey Grade A office building directly connected to the Phrom Pong BTS station. Metropolis is another Grade-A office complex within walking distance of BTS Phrom Pong.
• Restaurants and Cafes: The diverse selection of restaurants accommodates varying tastes and budgets, catering to many young professionals who frequent nearby cafes that offer amenities such as wifi and rental space.

5. Phrom Pong: International Schools

Phrom Pong and its surrounding areas offer access to several international schools:

• The American School of Bangkok (ASB), now known as XCL American School of Bangkok (XCL ASB) Sukhumvit, is an international school located near Asoke in Bangkok.
• Anglo Singapore International School: A popular choice for families seeking British education.
• Early Learning Centre International School: Caters to younger children with a play-based curriculum.
• Kiddy Kare International Kindergarten: Offers pre school education to young children from 1.5 years to 8 years old.

Buy a Property in Phrom Pong

Phrom Pong offers a range of property types, including condominiums, apartments, and houses. Foreign buyers can purchase condominiums under certain conditions, while house purchases are subject to restrictions and may require alternative arrangements.

Phrom Pong offers a diverse range of property types across its various sois (streets). Here’s an overview of the different properties available in the area:

• Condominiums: Sukhumvit Soi 24 is a mix of old and new developments. Older developments on Soi 24 include President Park Sukhumvit 24, which was completed in 1994. Newer condo developments are also available on this soi. Sukhumvit 26 features a blend of old and new condominiums, reflecting the area’s ongoing development and modernization. Interspersed among these residential buildings are traditional shophouses, adding character and local flavor to the streetscape. The area also boasts a variety of accommodation options, including hotels, serviced apartments, and hostels, making it attractive to both long-term residents and short-stay travelers. This diverse property landscape creates a vibrant community that appeals to different demographics, from young professionals and families to tourists and business travelers. 
• Houses and Villas : Residential areas with houses and villas are primarily found in Soi 39 and Soi 49. These quieter streets offer a mix of detached houses and luxury villas, providing more space and privacy compared to condominiums. Soi 31 also features some detached houses interspersed among its condominium developments, offering a blend of housing options for those seeking a more traditional residential feel in the heart of Phrom Pong.
• Shophouses: Soi 26 is notable for its commercial shophouses that run through to Rama 4 Road, creating a vibrant mix of residential and commercial spaces. These shophouses often house small businesses, restaurants, and local services, contributing to the area’s dynamic atmosphere. Additionally, older shophouses can be found along Sukhumvit Road itself, interspersed with modern developments, adding character and historical charm to the neighborhood.
• Commercial Properties: Phrom Pong’s commercial landscape is dominated by office buildings and retail spaces along Sukhumvit Road. Notable developments include the Bhiraj Tower at EmQuartier and the Metropolis office complex. These modern, high-rise structures cater to international businesses and contribute to Phrom Pong’s status as a prime commercial district in Bangkok.
• Penthouses: Available in luxury condominiums across various sois.
• Serviced Apartments: Found in some of the older condominium developments.
• Land Plots: Limited availability, mostly in quieter sois away from main roads.

This diverse property landscape in Phrom Pong caters to various preferences and investment strategies, from affordable condos to ultra-luxury penthouses and standalone houses. The area continues to evolve with new developments while preserving some of its older, character-rich properties

With Keller Henson, you’ll find the property in Phrom Pong 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 Phrom Pong safely and smoothly. For more information, consult our guide to buying a property in Thailand.  

Purchase a Condominium in Phrom Pong

Condominiums are the most common property type in Phrom Pong, ranging from affordable to luxury options. Phrom Pong is one of Bangkok’s most sought-after neighborhoods, with high-end amenities and a prime location that drives real estate prices. Condominium prices typically range from 150,000 to 300,000 THB per square meter. Luxury developments and ultra-luxury projects can exceed 300,000 THB per square meter.

Purchase a House in Phrom Pong

Houses in Phrom Pong are less common and often come with high price tags. Foreign buyers may need to explore options like leasehold agreements or company setups to purchase a house. One option is to establish a Thai limited company to own the property indirectly. This method requires Thai nationals to hold at least 51% of the company’s shares. Another option is a leasehold agreement, which allows foreigners to lease land for up to 30 years with possible renewals. Learn more about the difference between leasehold and freehold in this article.

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 Phrom Pong

The available houses tend to be on the higher end of the price spectrum, reflecting the area’s prestigious status and prime location in Bangkok.

• Detached Houses: These standalone homes offer maximum privacy and often come with large gardens. Prices typically start from around 30 million THB.
• Semi-Detached Houses: More affordable than fully detached homes, these houses share one wall with a neighboring property.
• Townhouses: Compact and budget-friendly options, ideal for small families or young professionals. Prices for townhouses in Phrom Pong start around 40 million THB.
• Luxury Villas: High-end homes often located in gated communities, featuring modern designs and exclusive amenities. Prices for luxury villas can exceed 200 million THB.
• Multi-story Houses: Some listings mention 3-4 story houses, offering ample living space across multiple floors.
• Home Offices: There are properties suitable for both residential and commercial use, catering to those who work from home or run small businesses.

Phrom Pong Real Estate Final Words

Phrom Pong’s real estate market stands out due to its prime location, upscale lifestyle, and diverse property options. Its strategic position within Bangkok provides unparalleled access to the city’s best amenities and transportation networks, making it a highly desirable location for both residents and businesses. The area offers a wide range of property types, from high-end condominiums and luxury houses to commercial spaces and Grade-A offices, catering to diverse needs and preferences.

The area’s popularity among expatriates, particularly from Japan and Korea, further contributes to its international appeal and robust demand. This strong demand, coupled with limited land availability and ongoing development, has resulted in strong capital appreciation prospects for real estate investments in Phrom Pong. While property prices are relatively high, they remain competitive compared to other global cities, and the area’s enduring popularity and continuous growth suggest that investments in Phrom Pong’s real estate are likely to retain their value and appeal over the long term. As Bangkok continues to develop, Phrom Pong is poised to remain a key area in the city’s upscale residential and commercial landscape, offering a mix of prestige, convenience, and potential returns for investors. Contact Keller Henson today to explore available properties in Phrom Pong for sale.