With monthly income within 25,000 baht, options to buy condominiums narrow down into an under-1.5-million-baht group due to financial ability to pay loan. But, still, there’re a great number of them located throughout Greater Bangkok. Let’s find out where they are located.
1. MRT Purple Line (Ministry of Public Health – Khlong Bang Phai)
MRT Purple Line is the only new mass transit line which has officially operated, where a number of condominiums have been launched along the route since its arrival. However, high-rise projects which situate close to the stations normally have the starting price above 1.5 MB; those with starting prices below this number are low-rise projects located in smaller streets – 1.3-1.5 MB on average.
Condominium projects along MRT Purple Line with prices below 1.5 MB are particularly nestled in the suburb – from Ministry of Public Health Station to Khlong Bang Phai Station. Meanwhile, those located around Yaek Tiwanon Station and Tao Poon Station commence the starting price above 2 MB.
In terms of commute, MRT Purple Line had not been favoured by the citizens as expected due to the missing link between Bang Sue Station and Tao Poon Station. However, this gap has been filled up by MRTA recently – which, indirectly, prompted residential properties along the route to be more appealing.
2. BTS Green Line (Bearing – Samut Prakan)
BTS Green Line is scheduled for extension into Samut Prakan Province, with Samrong Station – next from Bearing Station – already operating; meanwhile, stations from Pu Chao Saming Phrai to Kheha Samut Prakan will be completed by the end of 2019.
A lot of condominiums have crowded around Bearing Station, with projects priced below 1.5 MB usually located 0.5-1.5 kilometres away from the station. The same distance applies to Samrong Staion – if you’re looking for condominiums in this price range. A longer distance to the station offsets with the lower price.
In further stations (under construction) such as Pu Chao Saming Phrai and others, you can find condominiums with prices below 1.5 MB in the form of low-rise, located in smaller streets. However, their proximities to the station are closer compared to projects around Bearing Station and Samrong Station.
3. MRT Pink Line (Central Chaeng Wattana – Lak Si – Min Buri)
MRT Pink Line has recently received concession from the cabinet, planned to start the construction in 2017 and expected to complete by 2020. The train will traverse from Khae Rai Junction, passing Tiwanon Road, Chaeng Wattana Road, Ramintra Road, and end at Min Buri – 30 stations altogether.
Condominiums along MRT Pink Line with prices below 1.5 MB can be found mostly in two areas: Chaeng Wattana Road (from Lak Si Station to Central Chaeng Wattana), and a section from Siam Park City to the end of the line Min Buri Station. Still, there aren’t a great number of them at the moment.
4. Rama II Road
Despite the absence of mass transit line, Rama II Road’s land prices have surged in great amount in recent years and, together with the expressway that connects to Sathon CBD, condominium projects here are priced around 1.1-13 MB.
5. Seri Thai Road
Seri Thai Road is a minor road that runs parallel along Ramkhamhaeng Road. A section on this road from NIDA Business School to the junction intersecting with Suan Siam Road is where you could find condominiums priced around 1-1.5 MB as well as economical houses. Moreover, MRT Orange Line is schedule to be constructed along Ramkhamhaeng Road (Thailand Cultural Centre – Min Buri) – expected completion in 2022. From Seri Thai Road, you can reach this mass transit within 2-3 kilometres, and there are three junctions connecting Seri Thai Road with Ramkhamhaeng Road: NIDA Junction, Seri Thai Interchange, and Bang Chan Junction.
6. Rangsit
With the coming of SRT Dark Red Line in 2019, two major developers have launched condominiums in Rangsit exurb, 1.5-2 kilometres away from the scheduled Rangsit Station, with prices between 0.79-1 MB. Rangsit is a highly-populated city in the north of Greater Bangkok, recognisable with its landmark department store, and also a transportation hub, Future Park Rangsit.
7. Secondhand Condominiums
If the following locations seem a little too far off the central Bangkok, you can look for secondhand condominiums in the inner city as an alternative. Nevertheless, these condominiums are located in the smaller streets, typically more than 500 metres away from the mass transit station – yet, with prices below 1.5 MB. The locations where you can find them are as follows:
• BTS Green Line (On Nut – Bearing): 1.5-4 MB
• MRT Huay Khwang (Pracha Rat Bamphen and Pracha Uthit Road): 1.5-2 MB
• Pradit Manutham Road (Lieb Duan Ramintra): 1.5-3 MB
We hope this article gives you a broad of idea of where economical condominiums are located throughout the Greater Bangkok. Don’t forget to check the quality of the property as well – otherwise the maintenance costs would add the overall budget to be not so economical.
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