Bangkok’s growing economy has lead to it being named by JLL as a global rising giant. Indeed, properties in prime city locations have started to pique the interest of investors across the globe looking to tap into the potential of the huge population and the growing demand for rental properties in the city.
While Thonglor has been in the spotlight for some time thanks to its glamourous reputation, another neighbourhood is stepping out of it’s shadow and establishing itself as an extremely attractive location without the Thonglor price tag.
Ekkamai is arresting the attention of a wide range of investors keen to buy into its laid back bohemian vibe that’s attracting young professionals keen to rent in this social hotspot.
Ekkamai – A social hub
Ekkamai is fast emerging as the go to place for Thai residents and visitors alike. Offering an array of bars and restaurants, intertwined with traditional family owned shops, Ekkamai offers a more ‘hip’ feel than its sister neighbourhood Thongor, while retaining a safe, residential feel.
The gentrification of Ekkamai is showing all the signals that the area is already becoming a property hotspot, but still retains entry prices that are extremely attractive for those wishing to invest.
An attractive neighbourhood
Home to some of the most in-demand schools in Bangkok including the Lycee Fracais, the Thai-Japanese school, and the Singapore International School, Ekkamai is a popular choice for middle class Thai families keen to enjoy it’s tree lined streets.
Ekkamai BTS serves the area, with fast commute times to central business district stations including Ploenchit, Asoke and Silom. This connectivity is making the area extremely popular with young professionals keen to enjoy relaxed lifestyle offered in the area, combined with easy access to work.
Ekkamai – an investment opportunity not to be missed
For purchasers who have done their homework, Ekkamai is proving to offer all of the elements of an excellent investment.
While developers have focused their efforts in Thonglor, there is limited availability of prime property in the area, which is driving rental demand for premium condos to let. The ongoing gentrification of the area combined with the boom in the Bangkok economy is making Ekkamai extremely attractive to those wishing to rent.
Entry prices are extremely competitive when compared with similar locations, giving investors excellent rental yields, and the promise of a steady income stream.
As the area grows in popularity, it’s likely that we will see demand from potential buyers grow, driving capital growth for those who invest now. The street design of Ekkamai means that there is limited potential to develop a high number of new properties, offering buyers the knowledge that the demand is likely to outstrip supply for some time to come, offering true liquidity in their investment.