Condos near international schools in Bangkok have become highly sought after, attracting a diverse mix of Thai parents, expats and teachers, with Siam-Nana, Asoke-Ekkamai and Silom-Sathorn being the top three locations.
According to property consultant Knight Frank Thailand, the number of condos priced over 150,000 baht per square metre within 500m of international schools and transit stations has been steadily increasing.
As of the first half of 2024, accumulative supply reached 54,177 units, with 919 new units launched during this period. This compares to 3,011 newly launched units in 2023, 3,241 in 2022, 1,290 in 2021, 1,231 in 2020, and 5,006 in 2019.
Despite the growing supply, the sales rate remained robust at 85.9%, showing only a slight decline from 86.6% at the end of 2023. However, it mostly stayed within a range of 83.9% to 89.2% during 2019-2022.
“Demand remained strong compared to the overall condo market in Bangkok, which has slowed down,” said Sunchai Kooakachai, the consultant’s director and head of research and advisory.
This demand was driven by the growing international school market, the affluent segment, and an increasing expatriate population.
Between 2019 and the first half of 2
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