Bangkok home prices among the cheapest in the Key Global Cities report

By The Thaiger

 

 

Hong Kong maintains its position as the world’s most expensive residential city, while Bangkok ranks at #33 out of 35 global cities surveyed.

 

In the fifth annual Global Living Report, CBRE profiles the property markets across 35 key global cities. The results highlight that investments in urban areas such as transport infrastructure, connectivity, retail, cultural centres and housing are key drivers of economic growth.

 

“In the fifth edition of the ‘Global Living’ report, we have expanded the number of cities we examine from 29 to 35. They include the most exciting cities in the world, from emerging technology-driven powerhouses like Shenzhen and Bangkok through more traditional capital cities such as Rome and Lisbon, to rapidly evolving modern urban centres like Dubai and Johannesburg,” according to Jennet Siebrits, Head of Residential Research at CBRE UK.

 

Full story: https://thethaiger.com/thai-life/property/bangkok-home-prices-among-the-cheapest-in-the-key-global-cities-report

 

 

-- © Copyright The Thaiger 2019-04-26

If you can find a buyer...

Interesting I have lived in Bangkok for over 20 years and now find myself not being able to afford it anymore ;+)

28 sq meter condo in a new poorly made condo selling for over 3million baht ( plus monthly maintenance fee; electricity is not cheap in the country either) ; a modest house built in a cramped “village” suburban ban goes for 4-5 million baht which is poorly built. One cannot compare Bangkok to Hong Kong or Tokyo to make it look

reasonable. 

Prices are way too expensive in Bangkok, for the value you get.

 

Also putting Bangkok along with Rome and Lisbon in the same survey is about as relevant as comparing weather temperatures. You are not comparing apple to apple. 

 

And generally speaking, construction standards for the mid-range segment are crap. How far builders will go to save a few baht is mindboggling.

This picture of the upper edge of a door (no paint) is an example, and speaks a thousands words.

 

Edited April 26, 20197 yr by Peterbkk99