Saint Louis Real Estate Overview

The Saint Louis real estate market has experienced remarkable growth and transformation over the past years, particularly since 2021. In 2022, the housing market demonstrated exceptional resilience with a significant surge in new housing units, increasing by 80.6% to 98,341 units compared to 2021. The total value of new housing units rose impressively by 70.2% year-over-year, reaching THB 470 billion. Condominiums dominated the market landscape, representing approximately 55% of newly launched units, followed by townhouses at 28% and detached houses at 17%. Sales volumes jumped 34.2% to 90,297 units, with a total market value of THB 430 billion, reflecting strong investor confidence and robust market dynamics.

The market has also witnessed notable shifts in buyer demographics and preferences, with a growing trend of foreign investment. Condominium sales experienced a remarkable 76.3% year-over-year increase in 2022, particularly in units priced between THB 1-2 million near educational institutions and employment centers. Detached house sales rose by 23.0%, while townhouse sales slightly contracted by 7.0%. Foreign buyers have become increasingly significant, with transfers of ownership by non-Thais accounting for 19% of the total market value in 2022, up from 12.6% in 2019. Experts predict continued steady growth in the Bangkok Metropolitan Region’s housing market from 2024 to 2026, driven by economic recovery, infrastructure development, and sustained foreign investment interest. Saint Louis is a vibrant neighborhood with a mix of residential, commercial, and educational institutions. It is known for its affordable housing options, convenient location, and international schools. The neighborhood is home to several notable landmarks, including Saint Louis Hospital, Saint Louis Church, and the British Embassy.

1. Saint Louis Real Estate: Strategic Location

One of the primary factors driving the popularity of Saint Louis real estate is its strategic location. The BTS Skytrain provides easy access to other parts of Bangkok, including major commercial and business districts. This connectivity makes Saint Louis an ideal location for professionals and families who value convenience and accessibility.

2. Saint Louis Real Estate: Affordable

Compared to other prime locations in Bangkok, Saint Louis offers relatively affordable real estate options. This affordability factor makes it an attractive option for first-time homebuyers and investors looking for value-for-money properties.

3. Saint Louis: Mega Projects

Several mega projects are underway in and around Saint Louis, further enhancing its appeal as a real estate investment destination. These projects include new shopping malls, office buildings, and residential developments, which are expected to drive up property values in the area.

• Dusit Central Park: A 46-billion-baht mixed-use project located at the corner of Silom-Rama 4 roads, set to open in phases from 2024 to 2025.
• Central Pattana’s mega mixed-use projects: Part of a 100-billion-baht investment plan for five projects in Bangkok’s downtown and CBD areas between 2023 and 2027.
• Saint Louis Hospital is a large private Catholic hospital located in Sathorn District, Bangkok.

4. Saint Louis: A Commercial Hub

The Saint Louis area in Bangkok is rapidly growing into a commercial hub. This growth is driving demand for real estate, both residential and commercial. Located in the Silom-Sathorn Central Business District (CBD), Saint Louis features office buildings and commercial spaces with rental prices ranging from 600 to 950 baht per square meter. The Saint Louis area features notable office buildings including Empire Tower, AIA Sathorn Tower, Nakhon Tower Building, and Kronos Office Building. The commercial landscape in Saint Louis provides a variety of property types, such as serviced offices, commercial spaces, flexible workspaces, and rental units ranging from 20 sq m to 642 sq m. Commercial properties in this area benefit from proximity to the BTS Saint Louis station, have rental options starting from ฿9,000 to ฿64,000 per month, cater to diverse business needs with a wide range of options, and are part of the established Silom-Sathorn business district.

5. Saint Louis: International Schools

The presence of several international schools in the vicinity of Saint Louis makes it an attractive location for families with children. These schools offer high-quality education and cater to a diverse student population.

• St. Andrews International School Sathorn: Located within a short distance from Saint Louis BTS, offering education for students aged 2-11 years.

Buy a Property in Saint Louis

If you’re considering buying a property in Saint Louis, there are several options available to you. You can choose from condominiums, houses, and townhouses, depending on your budget and requirements.

Purchase a Condominium in Saint Louis

Condominiums are a popular choice for those looking for a low-maintenance and secure living option. Saint Louis offers a wide range of condominiums, from affordable studios to luxurious penthouses.

• Mid-range condos: Prices start from around ฿4.8 million to ฿15 million.
• Luxury condos: Prices can range from ฿15 million to over ฿80 million for high-end units

The Saint Louis BTS Station area in Bangkok offers a range of condominium unit types, including studios, 1-bedroom, 2-bedroom, 3-bedroom units, and in some luxury developments, penthouses. These units vary in size from compact 34 sqm studios to spacious 138 sqm 3-bedroom units. Common amenities in these condominiums include swimming pools, fitness centers, 24-hour security systems with CCTV surveillance, parking facilities, gardens and BBQ areas, saunas, children’s play areas, lobbies with reception services, and elevators. Luxury condominiums may offer additional amenities, such as sky lounges, private dining rooms, co-working spaces, and concierge services.

Keller Henson offers comprehensive assistance throughout the condominium purchasing process in Saint Louis, 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 Saint Louis

Houses are a good option for families who need more space and privacy. While houses in Saint Louis may be more expensive than condominiums, they offer a greater degree of freedom and flexibility.

Foreign buyers interested in purchasing a house in Saint Louis 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.

Types of Houses for Sale in Saint Louis

• Single-family houses: These are detached houses that are typically occupied by a single family.
• Detached Houses: Offering the most privacy, with prices ranging from ฿10 million to ฿60 million or more, depending on size and location.
• Townhouses: A popular option balancing space and affordability, with prices typically between ฿5 million and ฿15 million.
• Semi-Detached Houses: Sharing a wall with one other house, priced from ฿7 million to ฿20 million.
• Villas: Luxurious houses often featuring private pools and gardens, with prices starting from ฿20 million and reaching ฿50 million or more.

Saint Louis Real Estate Final Words

The Saint Louis area presents a compelling opportunity for real estate investment in Bangkok. Its strategic location in the Sathorn district, excellent connectivity via the BTS Skytrain, and proximity to international schools make it an attractive option for both local and international buyers. The area offers a diverse range of property types, from affordable condominiums to luxurious houses, catering to various preferences and budgets.

As Bangkok continues to develop, with ongoing infrastructure improvements and commercial growth, Saint Louis is well-positioned to benefit from these advancements. The real estate market in this area has shown resilience and steady appreciation, making it an appealing choice for both homebuyers and investors. Contact Keller Henson today to explore available properties in Saint Louis for sale.