Bangkok’s residential property market has diversified immensely over the past 10 years, emerging from the shadow of the 1997 financial crisis. In central Bangkok alone, luxury condominiums sell for less than half the price of those in Singapore and a third of the price of those in Hong Kong, making them a relatively cheap option in US dollar terms.
Due to Bangkok’s low labour costs and cheap housing many large corporations have chosen to make Bangkok their Southeast Asian base. This influx in the corporate sector has created a high expatriate population causing a healthy demand and supply of condos, apartments and property.