Bangkok condo rental market heats up after a slow start to 2022
The first four months were nothing to remember for the Bangkok condo rental market. However, a slow start was forgotten by the time June rolled around and interest remained well above first quarter levels throughout the remainder of 2022 and into this year.
At the start of 2022, COVID-19 still lingered with a spike of cases in December temporarily delaying the country’s reopening. Over the next few months, things returned to normal with tourism arrivals welcomed without restrictions and in-person work resuming. Both undoubtedly caused interest in Bangkok condo rentals to rise post-Songkran.
Greater Sukhumvit remains the epicenter of the Bangkok condo rental market with this area recording 41.2 percent of demand. It was followed by Central Bangkok and Silom CBD which accounted for 12.8 and 11.1 percent of condominium rental inquiries made via the Dot Property Group network of websites last year.
The top five locations are all served by the BTS or MRT which once again highlights the impact this has. With several future rail lines scheduled to come online no later than 2025, it will be interesting to see if projects around these potentially siphon off demand. Read More…
