Bangkok now a top 10 most expensive Asian location

[snoop1130]

Bangkok now a top 10 most expensive Asian location

By The Nation

 

 

For the first time, Bangkok has the dubious distinction of being among Asia’s top 10 most expensive locations for expatriates.

 

A rise in average rental prices this year caused by an influx of expats from China and an increase in tourism traffic have hit expatriates and put the city in 10th place on the annual list, with an average US$3,880 (Bt122,757) monthly rental cost for an unfurnished three-bedroom apartment.

 

The findings were researched and published by ECA International, a leading provider of knowledge, information and software for the management and assignment of employees around the world.

 

“Increases in rents reflect a continuation in foreign investment in Thailand. Thailand remains a popular regional destination for many MNCs,” said Lee Quane, regional director for Asia at ECA International.

 

“However, they have been joined by newly globalising companies from China, which has led to a higher demand for rental accommodation from an expatriate population that typically rents in a relatively small geographical area in central Bangkok.

 

“Furthermore, the growth in tourism in Bangkok has also had an impact on rental prices, given the increase in the number of properties being converted from long-term to short-term rental to cater to this demand.”

 

Rental prices for expatriates in Singapore have dropped by 1.3 per to an average of US$4,215 (Bt130,509) per month.

 

Singapore remains in Asia’s top 10 most expensive locations for expatriate rents, and is in the top 25 most expensive locations for expatriate rents globally.

 

Hong Kong is the most expensive location in the world, with an average monthly rental cost of US $10,929 (Bt345,777).

 

Globally, New York and Tokyo are in second and third place respectively.

 

Source: http://www.nationmultimedia.com/detail/business/30365744

 

-- © Copyright The Nation 2019-03-13

[GoodieAfterDark]

The Chinese is creating those real estate bubbles where they move to. They destroyed San Francisco. SF is a sh*thole filled with drug addicts and homeless people. 

 

 

[A1Str8]

Been that 4 a little while.

[gk10002000]

And Chiang Mai yesterday had the worst air pollution of any cities in the World.  And Thailand is right up near the top in vehicle accidents.   These things might make a person wonder why the country is so popular.  I can think of a few reasons, and they all are about 5'2", long brown or black hair.

[baansgr]

Still get a decent sized part furnished room for 3,000 bht a month and food in abundance for 50/60 Baht,

[The Old Bull]

Check out what just happened in Vancouver. Any kind of house is over a million dollars,  

locals can't afford rent while there are thousands of empty condos held by rich Chinese

as investments.

Quote

 

 

[madmen]

58 minutes ago, baansgr said:

Still get a decent sized part furnished room for 3,000 bht a month and food in abundance for 50/60 Baht,

Decent and 3000 baht should never be used in the same sentence unless your holding hands with it leaving a go go and even then 3000 doesn't get you that much these days

Edited March 14, 2019 by madmen

[PremiumLane]

4 hours ago, GoodieAfterDark said:

The Chinese is creating those real estate bubbles where they move to. They destroyed San Francisco. SF is a sh*thole filled with drug addicts and homeless people. 

 

 

It was the tech companies and the rich who destroyed SF

[Jimbo2014]

The reasons to stay are becoming less.  The cost of living is through the roof (particularly concerning raising children), pollution is record highs, traffic is terrible, infrastructure poor, sporting opportunities limited.  The good parts are the Thai people, food and culture but the negatives are certainly weighing down the positives.

 

Im sure rural or less populous areas are better - but Bangkok sure has many negatives these days.

[seahorse]

5 hours ago, Jimbo2014 said:

The reasons to stay are becoming less.  The cost of living is through the roof (particularly concerning raising children), pollution is record highs, traffic is terrible, infrastructure poor, sporting opportunities limited.  The good parts are the Thai people, food and culture but the negatives are certainly weighing down the positives.

 

Im sure rural or less populous areas are better - but Bangkok sure has many negatives these days.

You forgot soon to be submerged. 

[Dnyy]

On 3/13/2019 at 5:41 PM, snoop1130 said:

with an average US$3,880 (Bt122,757) monthly rental cost for an unfurnished three-bedroom apartment

Okay, how many % of expats renting a place that comes even close to 122,000 THB rent per month? That so called "research" doesn't make any sense and is far from reality.

Edited March 14, 2019 by Dnyy

[gk10002000]

On ‎3‎/‎13‎/‎2019 at 5:10 PM, baansgr said:

Still get a decent sized part furnished room for 3,000 bht a month and food in abundance for 50/60 Baht,

This is true. There are still many reasonably comfortable and affordable ways to live a modest lifestyle in Thailand.

[freedomnow]

Probably number 1 if it were ranked on imported craft beer costs.

Obscene buzzkill pricing.

[Nyezhov]

23 hours ago, PremiumLane said:

It was the tech companies and the rich who destroyed SF

Along with the Democratic Party

[Nyezhov]

22 hours ago, Jimbo2014 said:

The reasons to stay are becoming less.  The cost of living is through the roof (particularly concerning raising children), pollution is record highs, traffic is terrible, infrastructure poor, sporting opportunities limited.  The good parts are the Thai people, food and culture but the negatives are certainly weighing down the positives.

 

Im sure rural or less populous areas are better - but Bangkok sure has many negatives these days.

You need to compare Bangkok to other world cities when you are looking for a string of negatives.

[gk10002000]

On ‎3‎/‎13‎/‎2019 at 5:10 PM, baansgr said:

Still get a decent sized part furnished room for 3,000 bht a month and food in abundance for 50/60 Baht,

I think 3000 is a bit of a stretch for many people, but some people really do have some crap living arrangements back in their home states, so a studio in the outskirts of pattaya with a small balcony is probably better accommodations than half the world's people live in. 

[Jimbo2014]

3 hours ago, Nyezhov said:

You need to compare Bangkok to other world cities when you are looking for a string of negatives.

Yes thats true every place has positives and negatives.  I think the negatives are mounting in Bangkok.  Perhaps an island would be a better change.  Logistical issues at present.