Logo of Phnom Penh Post newspaper Phnom Penh Post - Bangkok luxury homes ‘cheaper than condos’

Bangkok luxury homes ‘cheaper than condos’

Content image - Phnom Penh Post
Nexus Property Marketing Co Ltd managing director Nalinrat Chareonsuphong. Photo supplied

Bangkok luxury homes ‘cheaper than condos’

Lifestyle changes brought by Covid-19 mean Thai buyers are shifting from luxury condominiums to luxury city houses in search of better value, according to Nexus.

The property consultant says its “Luxury House Grand Sale” campaign is targeting people who love city-living but at lower prices than condos in the same area.

A luxury city house is defined as a house of 300-1,000sqm, usually three storeys or more, on a compact plot, explained Nexus Property Marketing Co Ltd managing director Nalinrat Chareonsuphong.

A luxury city house can be a town home, twin house or single house.

Supply of luxury houses in Bangkok has grown over the past five years, with 56 new projects and 796 units, valued at more than 40 billion baht ($1.34 billion), said Nexus.

Ninety per cent of Bangkok’s total supply is in the city centre, close to public transport. Locations with highest number of units are Ekkamai-Ramintra (26 per cent), Sathorn-Rama III (21 per cent) and Sukhumvit (20 per cent). Projects are now expanding to Ratchada-Lat Prao and Phaholyothin-Vibhavadi.

Prices run from 20 million baht to more than 100 million baht, though most new luxury houses go for 30-50 million baht (42 per cent) and 20-30 million baht (27 per cent). The price of these houses is about three times lower than condos, said Nexus.

For example, in Sathorn, the average price per sqm of super-luxury condominium is 293,000 baht but only 78,000 baht for a luxury house. Those with a budget of 50 million baht could afford a 200sqm Penthouse condominium or a house with over 700sqm, said the property consultancy.

Nexus’s Luxury House Grand Sale features leading developers of over 20 projects, with properties priced from 22.9-70 million baht and maximum discounts of 11 million baht. Special promotions including Euro Creations furniture from Italy are available until March 31.



  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and