Parents and Expats Drive Condo Demand in Bangkok
The demand for condos near International schools in Bangkok has surged, driven by a combination of Thai parents, expatriates, and international schoolteachers. Top locations like Siam-Nana, Asoke-Ekkamai, and Silom-Sathorn have emerged as the most sought-after areas, offering exceptional opportunities for both residents and investors.
Growing Condo Demand Around International Schools in Bangkok
According to Knight Frank Thailand, the number of condos priced over 150,000 baht per sqm within 500 meters of international schools and transit stations has been steadily increasing. As of the first half of 2024, the cumulative supply reached 54,177 units, with 919 new units launched during this period. This marks a significant evolution compared to:
- 3,011 newly launched units in 2023
- 3,241 in 2022
- 1,290 in 2021
- 1,231 in 2020
- 5,006 in 2019
Despite the growing supply, the sales rate remains robust at 85.9%, slightly declining from 86.6% at the end of 2023. This steady demand highlights the resilience of this specific condo segment, even as the broader Bangkok condo market experiences a slowdown.
Key Factors Driving Demand
The increasing number of international schools in Bangkok has been a major driver of this demand. Between 2019 and mid-2024, 18 new international schools opened, bringing the total to 144. This growth reflects the rising number of affluent families seeking quality education for their children. In parallel, Thailand’s high-net-worth individuals (HNWIs) have grown significantly, with net assets exceeding 30 million baht. From 2008 to 2020, HNWIs in Thailand grew at a compound annual growth rate (CAGR) of 10.15%.
Additionally, the expatriate population in Thailand reached 174,991 in 2023, further boosting demand for Bangkok condos near international schools. Around 32% of Bangkok’s international schools are located in the city center, making nearby residential properties particularly attractive to expats and families.
Top Locations for Expat-Friendly Condos in Bangkok
Among the most popular areas for expats and families, the Siam-Nana area recorded the highest average rental rates:
- One-bedroom units: 1,088 baht per sqm per month
- Two-bedroom units: 1,124 baht per sqm per month
These properties cater to expatriates by offering spacious units and luxury amenities, including concierge services, private elevators, and family-friendly features like playgrounds and green spaces. For parents, privacy and convenience are top priorities, making units with fixed parking spaces and child-friendly facilities especially desirable.
Ideal Condo Features for Families and Expats
Unit Size and Layout
Families prefer spacious two-bedroom units ranging from 60-200 sqm, often with additional amenities like private maids’ quarters for enhanced comfort. These larger units cater to family living while providing ample space for expatriates who value a higher standard of living.
Amenities and Services
Expats and parents look for condos with features such as:
- Child-friendly amenities: Playgrounds, sports fields, and green spaces
- Concierge services for added convenience
- Fixed parking spaces and private or zoned elevators for privacy
Amazing Properties in Bangkok for Expats
For those seeking a condo in Bangkok, Amazing Properties Bangkok offers unparalleled expertise in finding the ideal condo for families and expats alike. As a premier real estate agency in Bangkok since 2009, our team specializes in identifying properties that combine luxury, convenience, and proximity to key locations like international schools and transit hubs.
Whether you’re an expat looking to settle in Bangkok or a parent seeking the perfect home for your family, our curated listings include the best options tailored to your needs.
Contact us today to explore the finest condos in Bangkok and secure a property that aligns with your lifestyle and investment goals.
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