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Phrom Phong


Thailand - Bangkok

31°C

Phrom Phong - Bangkok

Characterized by luxury malls and world class restaurants, the exclusive district of Phrom Phong continues to grow in popularity due to its chic and cosmopolitan dimension. The posh neighbourhood has undergone a major transformation in the last years but remains a vibrant area for its wealthy international community. The elegant district is also a high-end residential area which offers attractiveness, dynamism as well as a high quality of life due to its upmarket facilities and its social and cultural assets.

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Market Overview

Investing in Thailand is nowadays a credible option to consider. With a healthy economy, excellent infrastructures, a major tourist attraction, a structured real estate market offering a good quality for its value, a low taxation and a clear law regarding real estate property, the country mixes all the required elements to realize a safe investment.Thanks to the stunning attractiveness of the region, the real estate market in Thailand knows a steady evolution of prices while offering one of the most luxury properties of the region. Due to its strategic location, its high-end infrastructures and its international airport, the area offers unique conditions to invest in an attractive and dynamic area. Facing this fondness, the local real estate has been modelled according to the new demanding inhabitants. The real estate offer perfectly meets the various expectations through different types of investments, from rental to residential, by way of speculative investments. Besides, the occupancy rate of rental properties remains high -around 75%-, which is a good element to know for future investors.

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Buying basics

In Thailand, the law considers that a foreigner cannot own a land. The land where is built the property will be rented for a period between 30 and 90 years. Besides, the purchase is made in foreign currency (the bath, which is the Thai currency is not used).
As for the purchase of a condominuim, the buyer will receive a "full ownership title" thanks to the "condominuim license" but only if the good is legally registered as such.
It is encouraged to contact a professional of the real-estate market in the area to know the different steps of the buying process. It is well advised to be careful of unscrupulous vendors who might propose you a land or even a property he does not own.
Before any purchase, it is also recommended to examine the different legal documents such as the owner of the property, the plans...

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Bangkok
Hotspots in Bangkok

Bangkok is the vibrant capital of Thailand, in South-East Asia. Originally a fishermen village created in 1782 on the riverbank of the Chao Phraya river, it became an overactive megalopolis characterized by a lively atmosphere. Bangkok is the largest city of Thailand, with almost 15 million inhabitants. The river separates the city into two parts: the right bank hosts the historical and winding districts whereas the left bank, more developed, is home to the main tourist venues as well as the business center and the modern skyscrapers.This is a city of contrasts with action at every turn. Luxury malls compete with the sea of boutiques and local markets. Extravagant high-end hotels welcome you with the same fam...

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