Phaya Thai, Bangkok, Central - Thailand
What do you need to know about Phaya Thai?
Phaya Thai is one of the fifty districts in Bangkok and is situated in the central part of the city. The neighbouring district surrounding Phaya Thai from the north in the clockwise direction would be, Chatuchak, Din Daeng, Ratchathewi, and Dusit. Despite sharing a name, due to boundary changes, Phaya Thai Road and Phaya Thai BTS Station are in the adjoining Ratchathewi District. Phaya Thai District was set up in 1966 by taking areas that were part of Dusit and Bang Kapi Districts. It was named after Phaya Thai Road, its major thoroughfare. Since then, many changes to the district have been made. In 1973, the Huai Khwang District was separated from Phaya Thai. Later in 1978, as an effort to balance the population among districts, the boundaries between Phaya Thai, Huai Khwang, and Bang Kapi Districts were modified. A new Ratchathewi District was created by carving off the southern part of Phaya Thai in 1989. In 1993, some eastern parts were moved out of the district to the newly-formed Din Daeng, leaving Phaya Thai with only one remaining sub-district, Sam Sen Nai. Due to the split off of Ratchathewi, Phaya Thai Road is no longer in Phaya Thai District. It runs through Ratchathewi and Pathum Wan. Similarly, Phaya Thai BTS Station is in Ratchathewi, on Phaya Thai Road.
The population is more concentrated in the area called Saphan Khwai, with many shops, apartments, and a BigC shopping center. There are three BTS skytrain stations in Phaya Thai: Sanam Pao, Ari, and Saphan Khwai. The Bangkok MRT station Bang Sue is in the northwest corner of the district.
How is the lifestyle in Phaya Thai?
The district of Phaya Thai is home to a happening and expensive form of lifestyle while promising continuous adventures during your stay in the district. This is mainly because it is situated in one of the most crowded and popular cities in the entire world. The price of provisions and related expenses that you need to survive is around 60,000 Baht in Phaya Thai for the entire month! Properties of all types are available in the district, starting from one-bedroom condos to luxury four-bedroom villas, anything you want is available right at your disposal.
How is the Phaya Thai real estate market?
The properties in this district, with their exotic exterior and attractive prices, are attracting expats and foreign investors from all around the world. You can get studio condos for rent in the district by spending around 15,000 to 45,000 Baht for rent which is dependent on the location, size, number of bedrooms and type of property, 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 80,000 to 200,000 Baht for rent which is dependent on the location, size, number of bedrooms and type of property. Since the most crowded and happening area in the district is around the hospitals and schools, 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 or villa, that is closer to a hospital or school and has easy access to other amenities, it can cost you around 250,000 Baht just on the rent price, whereas if you are willing to move a little further from these areas you would notice the cost dropped to as much as 65,000 to 180,000 Baht for rent which is dependent on the location, size, number of bedrooms and type of property Phaya Thai.
What is the most popular type of property for sale in Phaya Thai and why?
Most of the country is looking for condos to settle down. villas or single houses in Phaya Thai is attracting attention with the high price. With unique villas and single house for sale available in the range of 65,200,000 to 235,450,000 Baht for sale which is dependent on the location, size, number of bedrooms 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. 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. The option of buying condos for sale is also there and it would cost you around 5,000,000 to 36,000,000 Baht for sale which is dependent on the location, size, number of bedrooms and type of property.
What are the main reasons to invest in Phaya Thai properties?
The district offers the best in class properties arguably in the whole city. Although, they are not the only reason people are going crazy over getting a piece of property in the area, the district offers higher return on investments that other areas and certainly has a sense of excitement embedded in the air of the place. The educational institutions located in this district feature the best faculties in the city and one such example is the National Defence Studies Institute.
Land for Sale in Phaya Thai
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.