In addition to being a sought after tourist spot, Bangkok is also the financial, education, commercial, and economic center of the country. Many of the leading companies in the country are headquartered in Bangkok. Hence, it is not a wonder why property market, both commercial and residential, in Bangkok is booming. Discussed further in this article are different types of residential property available in Bangkok.
Residential property in Bangkok includes everything from houses, townhouses, and housing estates to condominiums, flats, and serviced apartments. In fact, the city boasts of some of the most wonderful residential properties in the world. Perhaps most sought after among the residential property types in Bangkok are apartments. You can see high-rise apartment blocks dominating the city's skyline. This option is highly popular among expatriates, since it is mostly attached with round the clock security services and repair services, apart from facilities such as state of the art fitness rooms, children's play area, and garden.
Another popular category of residential property in Bangkok is condominiums, which is more or less like apartments, only with the exception that they are mostly individually owned. This in turn allows you to rent it directly from the owners. Both furnished and unfurnished condominiums units are available. One of the specialties of condominiums is that it is the only type of property that could be owned by foreigners.
Residential property market in Bangkok also consists of serviced apartments. This choice is a great alternative over expensive hotel rooms, and is regarded as an excellent accommodation option for frequent business travelers as well as tourists who are here for long stays. Further, a host of benefits could be derived via living in a serviced apartment, including, privacy, excellent living style, and competitive rates.
A serviced apartment is mostly complete with all facilities and amenities that an upscale hotel renders, such as, tastefully decorated rooms, most sophisticated entertainment facilities, restaurants, superb dining facilities, swimming pool, 24-hour service, and daily maid services. Apart from these, some of the most luxurious apartment blocks come with facilities such as laundry services, coffee shop, convenience store, and bakery. The cost of a serviced apartment usually depends on the nature, size, number of bedrooms, and facilities and amenities in it.
For those seeking tranquility and want to be away from the hustles of city, then one of the best residential property choices is housing skirts that are mostly located on the outskirts of the city. Al though it not as sophisticated as living in a city apartment, housing estates are clean, and are noted for their traditional look. They are connected to the city center via expressways and other transport systems.
Likewise, if you are looking for a choice in a serene area which at the same time should be expensive, then townhouses are excellent choices for you. Townhouses are usually located in off main roads, and are usually in the form of multi-leveled, semi detached structures. Also, a popular type of residential property in Bangkok is house. In contrast to housing estates and townhouses, a house is a free standing spacious structure, mostly coupled with excellent facilities. However, houses situated in Central Business District are exceptionally expensive.
Residential properties in Bangkok is primarily concentrated around such areas as Chiang Mai, which in turn is a much favored spot among foreign nationals who are looking to settle down here permanently. Also, hot spots for residential units in Bangkok are Ram Intra, Rangsit, Nonthaburi, and Chang Wattana. Since it is within easy reach of almost all top attractions and superb facilities in the city, such areas as Central Business District are much sought after.
In addition, it can be provide you with a continuum of financial as well as personal benefits. However, a foreigner cannot easily own a residential property in Thailand, since laws in connection with Thai property acquisition is nationalistic. In fact, leasing is one of the most popular options for foreigners who cannot purchase a property in Bangkok.
South Africa has seen phenomenal growth in property prices with a property boom that sky-rocketed out of control over the past 5 years. Now that the dust has settled and prices have stabilized, many of us are curious as to where the rich and famous have bought and are still looking to buy. Which are the elite suburbs in SA where millionaires are neighbours to tycoons and you can bump into celebrities at the local deli or wine bar?
While Johannesburg, the City of Gold or Egoli as it is known, has always attracted those wishing to earn the highest salaries, Cape Town has long been the city which boasts the most exclusive properties with the highest price tags.
The natural beauty of mountains and coast has been a major draw-card, attracting celebrities from all over the world especially when the exchange rate has made even the most expensive real estate here more affordable.
The Atlantic Seaboard, from Green Point to Camp's Bay, is the trendiest of Cape Town's seaside real estate. Along this stretch, Clifton and neighbouring Bantry Bay are Cape Town's most expensive suburbs. Llandudno and Hout Bay, further along the coast towards Chapman's Peak are also extremely luxurious and expensive.
Close to the city centre, the world famous Victoria & Alfred Waterfront is South Africa's most expensive residential resort situated at one of the most popular tourist attractions in the land. Over 80 immaculate properties can be found here, valued between R2, 5 million and R11 million.
Other luxury suburbs where property carries a hefty price-tag include Constantia, with its rural charm and Bishop's Court, a traditionally upmarket area under Table Mountain. Further south towards Cape Point you can find properties fetching well over R3 million, from Noordhoek to Simon's Town. The once sleepy backwater of Kommetjie, traditionally a fishing village along a wild stretch of coast, was a surprise new-comer to the 'most expensive properties in the Cape' roll-call.
The Northern suburbs have been seen as less expensive but they are rapidly catching up, for example the area known as Tygerberg Hills, where exclusive properties fetch as much as R6 million.
Moving to the North of South Africa to the second-most expensive city for property, Jo'burg now boasts 10 suburbs where the average house sells for more than R4 million.
Sandhurst has the top spot on the list, followed by Chiselhurston, Dunkeld West, Bryanston and Sandown. Hyde Park, Westcliff, Wierda Valley and Illovo complete the multimillion-rand neighbourhood round-up.
Randjespark Extension in Midrand is the only area outside of Joburg's northern suburbs to feature.
A report by a leading real estate agency found that these 10 suburbs recorded sales of over R4 million per house in a recent 12-month period, with average prices in Sandhurst fetching an impressive R10 million.
In Kwa-Zulu Natal, the seaside city of Durban with its golden sands and warm inviting waves is another popular coastal city. Generally far more affordable than Cape Town, it has its own elite and expensive suburbs. Ballito Bay and Gillits are just two examples.
Inland in KZN, Ferncliffe in Pietermaritzburg is a relatively new suburb which offers exclusive executive properties ? some of the city's finest and most expensive real estate.
Looking at some of the other regions in SA we find that Walmer in the Eastern Cape city of Port Elizabeth has the highest average price for that region, while in the inland city of Bloemfontein the suburb of Dan Pienaar has properties asking top dollar for that area.
Both Wantanee Khamkongkaew & Francois L. Botha are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Wantanee Khamkongkaew has sinced written about articles on various topics from Travel and Leisure, Property Investment and Finances. Wantanee K. is an independent author evaluating and commenting on leading , especially CB Richard Ellis.. Wantanee Khamkongkaew's top article generates over 60500 views. to your Favourites.
Francois L. Botha has sinced written about articles on various topics from Travel and Leisure, Learning English and Cosmetic Surgery. Francois Botha offers expert advice and great tips regarding all aspects concerning >Cape Town hotels and vacati. Francois L. Botha's top article generates over 4400 views. to your Favourites.