Phetchaburi real estate overview 

The Phetchaburi MRT area in Bangkok has rapidly developed into a thriving residential and commercial hub due to its strategic location between Asoke and Rama 9, Bangkok’s New CBD, and its excellent transportation links, including the MRT Phetchaburi station and Makkasan Airport Rail Link. This has increased its appeal among working professionals and spurred growth in real estate, with high-rise condominiums, mid-range apartments, and office spaces becoming prominent. Notable projects in the area include the Singha Complex, a mixed-use development, and the upcoming Makkasan Complex, which will occupy a massive 3,000-rai plot.

The real estate market around Phetchaburi MRT Station has seen significant development in recent years. The area’s strategic location and accessibility have attracted both local and foreign investors, leading to a surge in condominium and commercial property development. The demand for residential and commercial spaces in this area is expected to continue rising, making it a promising market for those seeking long-term investment opportunities.

1. Phetchaburi MRT Real Estate: Prime Location

The Phetchaburi MRT Station area boasts a prime location in Bangkok, offering unparalleled convenience and accessibility.

• MRT Connectivity: The station provides direct access to the MRT Blue Line, connecting residents to various parts of Bangkok, including the Sukhumvit area, Silom, and Hua Lamphong.
• Phetchaburi Road: This major thoroughfare connects the area to other key districts in Bangkok, providing easy access to business centers, shopping malls, and entertainment venues.
• Proximity to Business Districts: The area is close to major business districts like Asoke and Rama IX, making it an ideal location for professionals and businesses.
• Shopping and Entertainment: Phetchaburi Road is lined with numerous shopping malls like The Platinum Fashion Mall, Krungthong Plaza, restaurants, night markets and entertainment options, catering to diverse tastes and preferences.

2. Phetchaburi MRT Real Estate: Diverse Property Options

The Phetchaburi MRT area offers a diverse range of property options to suit different needs and budgets.

• Condominiums: High-rise condominiums are the most prevalent property type in the area, offering modern amenities and convenient access to transportation.
• Commercial Buildings: The Phetchaburi MRT area in Bangkok is home to a variety of commercial buildings catering to businesses of all sizes, thanks to its strategic location and excellent connectivity. Notable examples include the Singha Complex, a mixed-use development offering office and retail spaces, and the OAI Tower and Rasa Two, which provide office spaces near the MRT station. The Circle Condominium features premium retail spaces along Phetchaburi Road, while the Chamnan Phenjati Business Center offers sizable office units for sale. These properties attract businesses ranging from startups to large corporations, benefiting from the area’s growing popularity among professionals.
• Serviced Apartments: These fully furnished apartments cater to short-term and long-term stays, providing flexibility and convenience for residents.

3. Phetchaburi MRT Real Estate: Investment Potential

The Phetchaburi MRT area presents significant investment potential due to several factors:

• High Demand: The area’s prime location and accessibility drive high demand for residential and commercial properties, ensuring steady rental income and potential capital appreciation.
• Infrastructure Development: Ongoing infrastructure projects, such as the MRT Orange Line extension, are expected to further boost the area’s connectivity and attractiveness to investors.
• Growing Business Hub: The area’s proximity to business districts and the influx of businesses contribute to a thriving commercial environment, creating opportunities for commercial property investment.

4. Affordability Compared to Central Bangkok

Property prices in Phetchaburi remain competitive compared to central Bangkok areas:

• Condominiums range from affordable options starting at 2 million THB to luxury developments at 20 million THB
• Average selling prices for high-rise condominiums are lower than prime Sukhumvit locations

5. Phetchaburi : International Schools

Families residing in or near Phetchaburi benefit from access to several renowned international schools offering world-class education. The NIST International School, located a short drive away in the Sukhumvit-Asoke area, follows the IB curriculum and is widely recognized for its academic excellence. The St. Stephen’s International School is another nearby option, providing a British curriculum and fostering a multicultural learning environment. Additionally, early learning centers like The First Steps International Pre-School cater to younger children, offering a strong foundation in a nurturing environment.

These schools’ proximity makes Phetchaburi an appealing choice for families looking to balance urban convenience with quality education. With its diverse amenities and educational institutions, the area offers a dynamic and family-friendly lifestyle.

Buy a property in Phetchaburi 

The Phetchaburi MRT area offers a range of property options for buyers, including both high rise and low rise condominiums, commercial spaces, luxury developments and serviced apartments. Foreign buyers can purchase condominium units under certain conditions, while commercial properties and land ownership may require alternative arrangements.

Purchase a condominium in Phetchaburi 

Condominiums are the most popular property type in the Phetchaburi area, offering modern living spaces and convenient access to amenities. Prices starts from 2 million THB depending on the size, location, and amenities of the development. The price of luxury developments can go up to 20 million THB in Phetchaburi.  Many condominiums in the area offer facilities such as swimming pools, fitness centers, and 24-hour security.

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

While condominiums are more prevalent, houses are also available for purchase in Phetchaburi. These houses typically cater to families and those seeking more space and privacy. Prices for houses in Phetchaburi can vary significantly based on the size, location, and condition of the property.

Types of Houses for Sale in Phetchaburi

The Phetchaburi MRT area in Bangkok offers a variety of housing options catering to different preferences and budgets:

• Detached Houses: These standalone homes provide maximum privacy and often come with larger plots. Prices for detached houses in the Phetchaburi area typically start around 8-10 million THB.
• Semi-Detached Houses: More affordable than fully detached homes, these properties share one wall with a neighboring house while still offering good living space. Prices generally start from 5-7 million THB.
• Townhouses: Compact and budget-friendly options ideal for small families or young professionals. Townhouses in the Phetchaburi area have starting prices around 3-5 million THB.
• Luxury Villas: High-end homes often located in gated communities, featuring modern designs and exclusive amenities. Prices for luxury villas in this area can exceed 20 million THB.
• Corner Units: These properties offer additional space and privacy, often with larger gardens or outdoor areas. A corner unit 3-bedroom, 4-bathroom house near Phetchaburi MRT was listed for 82 million THB.

The Phetchaburi MRT area is known for its excellent connectivity and proximity to Bangkok’s Central Business District, making it an attractive location for both homeowners and investors. Properties in this area often feature amenities such as swimming pools, gyms, and 24-hour security, catering to the needs of urban professionals and families.

Foreign buyers interested in purchasing a house in Chidlom 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.

Phetchaburi Real Estate: Final Words

Phetchaburi, located in central Bangkok near the Phetchaburi MRT station, has emerged as a dynamic real estate market offering urban living with excellent connectivity. The area’s strategic location at the junction of Asoke and New Phetchaburi Road makes it attractive for both residential and commercial properties. Whether you’re seeking a modern condominium, a spacious house, or a commercial property, Phetchaburi offers promising opportunities for both investors and residents looking for a vibrant urban lifestyle. As the area continues to develop and grow, its real estate market is expected to remain robust, ensuring long-term value and potential for capital appreciation.  Contact Keller Henson today to explore available properties in Phetchaburi for sale.