Samphanthawong, Bangkok, Central - Thailand
What do you need to know about Samphanthaong?
Samhanthaong is one of the fifty districts in the city of Bangkok and is situated in the cebtral region of the city. Regarded as Bangkok's Chinatown, it is the smallest district in area but has the highest population density of Bangkok's districts. The neighbouring districts surrounding Samphanthawong from the north in the clock wise direction are, Pom Prap Sattru Phai, Bang Rak, Khlong San (across Chao Phraya River), and Phra Nakhon. The area has been a Chinese community since the early days of Bangkok. Originally living in what is now the Phra Nakhon District, they were relocated here when the capital was set up. Sampheng Lane is depicted on the back of series 15 20 baht banknotes, to commemorate an important post-World War II visit by young king Rama VIII (accompanied by HM's brother, Prince Bhumibol, with his ever-present camera). Nowadays, Yaowarat Road remains the heart of Bangkok's Chinatown. The area now in the Samphanthawong District was once three separate amphoes, Samphanthawong, Sam Yaek, and Chakkrawat, established on 15 October 1915 when old districts were overhauled and replaced by 25 new districts to cover inner Bangkok. Sam Yaek District and Chakkrawat District were later merged into Samphanthawong District. The district became Khet Samphanthawong in 1972. It is believed that the name Samphanthawong was derived from Wat Samphanthawongsaram, the temple near the district office when it was first built. Now the district office has moved to Yotha Road in Talat Noi Sub-district.
Wat Traimit is known for its giant Buddha image made from solid gold and weighing about 5.5 tonnes. The gold was hidden under plaster for centuries until being rediscovered in 1954. Wat Pathum Khongkha is an ancient wat, renovated and renamed Wat Sampheng during the King Rama I period. Holy Rosary Church, on the bank of Chao Phraya River, is one of the oldest Catholic churches in Bangkok. It is more widely known by its older name, Wat Kalawar, named after Calvary.
How is the lifestyle in Samphanthawong?
The district of Samphanthawong is home to luxurious lifestyles and their properties come with excellent perquisites. Although the money that you have to pay is a bit more than the rest of the country, but if you visit this place and get the chance to live locally for a few days around here, you would see why it is totally worth it. The least that you can spend in order to live with limited amenities and proximity, towards the farther side from transport and hospitals would be around 60,000 Baht for a month, taking into account your rent and living expenses. To live nearer to the main streets in the district you would have to spend around 300,000 Baht each month.
How is the Samphanthawong real estate market?
The real estate market in Samphanthawong is flexible and one of the best markets in the country housing the best of properties with amazing return rates. You can get studio condos in the district for rent by spending around 9,000 to 17,000 Baht for rent depending on the size, location, number of bedrooms and age of the property, towards the outskirts of the province. Properties that are far more luxurious are also available but are much expensive, such as duplex condos for rent in the heart of the district with lavish interior can cost you as much as 25,000 to 50,000 Baht for rent depending on the size, location, number of bedrooms and age of the property. Since the most crowded and happening area in the district is around schools and the wats, it is where it would cost you the most to buy properties. For example, if you’re looking to settle down in a luxurious single house that is closer to a hospital or school and has access to the river, it can cost you around 30,000 to 70,000 Baht for rent depending on the size, location, number of bedrooms and age of the property, whereas if you are willing to move a little further from these areas you would notice the cost dropped to as much as 13,000 to 28,000 Baht for rent depending on the size, location, number of bedrooms and age of the property. Townhouses for protection, can also be found in the area with rents somewhat similar to the rents of condos, ranging around 180,000 to 76,000 Baht for rent depending on the size, location, number of bedrooms and age of the property.
What is the most popular type of property for sale in Samphanthawong and why?
Although most of the country is looking for condos to settle down the villas or single houses in Samphanthawong is attracting much more attention. With second hand single house for sale available in the range of 4,500,000 to 22,000,000 Baht which is dependent on the location and type of property, that is whether it is close to facilities like a railway station, or a school, or when it is a little further away and takes a little time to access from the eventful parts of the district. Condos for sale, on the other hand, can be much cheaper and is no doubt the best choice for bachelors. The sale price of condos ranges from around 5,000,000 Bhat, it you settle down at the outskirts of the province to as much as 45,000,000 Baht for sale depending on the size, location, number of bedrooms and age of the property. if you prefer staying in a much luxurious place near a prime location of the district. Both real estate investors and people looking to find their perfect piece of property in the district and are thrilled by the great prices that are being offered.
What are the main reasons to invest in Samphanthawong properties?
As mentioned in the earlier sections of this article, Samphanthawong is a place where you can enjoy thrilling endeavours and participate in numerous adventures. The reasons to invest in the properties of Samphanthawong can be summed up to a welcoming and humble locality, the scope for high returns and because they host some of the best healthcare facilities in the country. Despite the high prices, it is safe to say that the real estate market in Samphanthawong along with the various amenities the place offers, is one of the best you can find in the entire city of Bangkok.
Land for Sale in Samphanthawong
Land for sale is also popular in this area as Land Price are relatively lower than main CBD are in Bangkok. Keep in mind that Land Price is relevant to the development around it so if you are considering searching for land for sale make sure you apprise the prospective land for sale price before purchasing it.
Its also important to do a proper due diligent of the Land Title deed to understand what are the Land Zone rights on the specific Land.