Phasi Charoen, Bangkok, Central - Thailand
What do you need to know about Phasi Charoen?
Phasi Charoen is one of the fifty districts present in Bangkok and is located in the north eastern part of the city. The neighbouring districts surrounding Phasi Charoen from the north in the clockwise direction are Taling Chan, Bangkok Noi, Bangkok Yai, Thon Buri, Chom Thong, Bang Bon, and Bang Khae. The name of the district is inspired from a canal Khlong Phasi Charoen, which links the Than Chin River to Klong Bangkok Yai. The construction for the canal was first commenced in 1866 and was completed in 1972 while the name was given after the man who had overseen the project. The district as established as Amphoe Phasi Charoen in the year 1899 and later, during the middle of 1972, the amphoe was upgraded to the status of Khet Phasi Charoen. There are seven sub-districts within the land area covered by Phasi Charoen which is 17.834 square kilometres and houses a population of about 126,824 as per the records of the census conducted in the year 2017.
Some essentials in Phasi Charoen
The district of Phasi Charoen is home to major tourist attractions as well as amenities for people staying there. The markets in the area are resourceful and offer cheap prices while hospitals and schools too are abundant in the district. The places that are sure to be useful to you if you are looking forward to settle down in Phasi Charoen are listed below.
Khlong Bangkok Yai – The name Pak Khlong Phasi Charoen when literally translated means "mouth of Phasi Charoen canal", as it is the convergence point of three canals Phasi Charoen, Chak Phra and Bangkok Yai. The canal Khlong Bangkok Yai is the spot if a floating market that has been there for many years and is one of the largest markets in all of Thailand.
Wat Paknam Bhasicharoen – This is a royal Wat that is located within the boundaries of the Phasi Charoen district and is considered to be the origin of the Dhammakaya tradition and is a part of the Maha Nikaya fraternity. First established in 1610, the time during the Ayutthaya reign, the Wat received assistance from nearly all Thai kings until the late 19th century. But the sad part is that after the 20th century began, the Wat was almost abandoned and descended into disrepair.
How is the lifestyle in Phasi Charoen?
The prices of commodities needed for sustaining life in this district is significantly higher than most urban districts in the country of Thailand. The least that you have to spend in order to maintain a standard lifestyle in the district is around 20,000 Baht if you choose to rent a studio condo in the uneventful parts if the district, if you are looking to live at a rented single house in the same location you would have to spend around 65,000 Baht a month depending on your lifestyle and the type of property. The district is served by a Bangkok MRT rapid station, which is crossed by the Blue Line just above the Phet Kasem Road.
How is the Phasi Charoen real estate market?
The real estate market in Phasi Charoen is dynamic and caters to the needs of both larger families and bachelors who are looking forward to settling down in the district. If you are looking to rent a property, you can choose from condos, townhouses and single houses right at your disposal. The cost for a one-bedroom studio condo for rent is around 9,500 Baht for rent if you choose to settle down in the busiest streets or closer to amenities like the Bang Wa station that can be accessed through the Bangkok Skytrain. Condos for rent with multiple bedrooms and duplex structure can be found in the heart of the city with the rent ranging around 25,000 Baht for rent. Townhouses for rent are also available in the district with rent prices of 5,000 to 10,000 Baht for rent depending on the size, location. If you prefer to live in a villa or single house for rent located in the prime locations, it would cost you around 40,000 to 60,000 Baht for rent. You can find a studio condo in the uneventful parts of the district at a rent of 8,500 Baht and townhouses for rent can be found at a price of about 11,000 Baht for rent.
What is the most popular type of property on sale in Phasi Charoen and why?
If you are looking to buy your piece of property in Phasi Charoen, you would not even have to break a sweat! Although most of the country is looking for villas to settle down, the condos in the district of Phasi Charoen are attracting much more attention. You can get a one-bedroom condo for sale at around 1,500,000 Baht for sale if you are looking to settle down in the heart of the district, the prices of townhouses for sale are around the same price level and can be found at a price of around 5,200,000 to 13,000,000 Baht for saleat the same location. If you choose to settle down in a lavish duplex condo, it would cost you a lot more like 150,000,000 Baht just for the sale price. A second-hand single house for sale can be found very easily in the district and the prices in the main areas range from about 20,009,000 to 64,000,000 Baht for sale depending on the size, location and number of bedrooms of the property. If you choose to move away from the prime locations in the district the prices can be seen to drop, with studio condos for sale available at 5,000,000 Baht for sale. Finding three-bedroom condos for sale in the uneventful parts of the district can be a tedious job and the prices drop to as much as 10,800,000 Baht for sale. Single houses for sale can also be found at lower prices from the downtown area with the sale price ranging from 12,500,000 to 15,000,000 Baht for sale.
What are the main reasons for investing in Phasi Charoen properties?
The district features an expensive form of lifestyle for the travellers and residents, but the place house a plethora of attractions and various other amenities for the surge in price. The district is continuously improving its infrastructure and also promises high returns on investments to the real market investors who venture out into this market. Another reason to invest in the properties of this district is that the educational facilities they offer such as Siam University are arguably the best in the country.