Have you heard of The Big Apple (New York), Canal City (Venice), or The City of Angels (Los Angeles)? Bangkok has many names, including the Big Mango, Venice of the East, and the City of Angels. The real name of Bangkok is 168 characters long and might make you dizzy if you try to say it in one breath.
Krungthepmahanakhon (City of angels, the great city), Amonrattanakosin (The eternal jewel city), Mahintharayuthaya (The invincible city of Indra, like Ayutthaya), Mahadilokphop (The magnificent capital of the world), Noppharatratchathaniburirom (The city blessed with nine precious gems), Udomratchaniwetmahasathan (The royal and delightful grand residence), Amonpiman-Awatansathit (The heavenly palace where gods dwell), Sakkathattiyawitsanukamprasit (Built by Vishvakarman under Indra’s blessing), commonly known as Krung Thep, is referred to as Bangkok by the rest of the world. No matter how you say it, this city will take your breath away.
Maybe it already has, and you are one of the lucky ones to have a choice to follow a dream and reside here. Between the Chaophraya River and Suvarnabhumi Airport, you will find a district that is just right for you. The old sister capital city is on the west side of the river and is known as Thon Buri. Here you will witness how the canals of Bangkok can be used to access the main city with ease. The canals and river taxis are some of the quickest means of transportation in Krung Thep. Not that you want to leave this peaceful area with quaint shops and a feel from another time.
The river is lined with Bangkok luxury condo and other properties due to the proximity to the government, palace, and entertainment districts. Staying on or near the river is popular and offers wide open views from elevated floors or water level, where the rest of the city views are held captive by skyline dining or cocktail lounges. Owning property here secures your piece of sky above the historic Chaophaya River.
Not far from Phra Nakhon, the palace district, is Samphantawong, where Bangkok’s Chinatown resides. More time travel awaits you as you step into this area of shops and nose pleasing scents of lunch being made ready for the fast-paced office crowds. This is a great area to recharge between shopping sessions in the central-Siam area with Terminal-21 and EM-Quartier.
If you choose to own a condo in this area, expect to rent it out to long-term tourists while you are out of the country on business or private affairs in Europe or the Americas. If you are going to begin your investment property portfolio, do it in a favourable market. Bangkok welcomes millions of tourists and business professionals annually. When real estate shopping, find a firm that oversees properties on the islands as well as in metropolitan areas, and build a deeper relationship with access to more amenities.
Currently, there are some visa changes in the sectors I would call “the uninvested”. The student, discover-Thailand, and work permit visas are facing new scrutiny. Thailand tends to speak to the world about who they want here, with the ease or difficulties regarding obtaining a given visa. New bank accounts are required for long-term visas, and banking is tightening restrictions as well.
Your investment gives you an advantage over the uninvested. Secure it with the correct visa for future entry to the Kingdom. Any real estate company will have a list of documents and cautions to read through. They will all be based on the guidelines and regulations found at this government website link. Invest the time to understand them. Each company will have their version of a guide that you should compare against the Department of Land’s official guide.
I mentioned earlier about finding companies that represent several projects in multiple cities. It will be of benefit to have familiarity with a company, whether you are looking at The River or The Lofts in Bangkok, Kata Gardens in Phuket, or projects in Pattaya. They will have local knowledge of the specific province’s real estate law. Likewise, they will have cultivated relationships to make transactions and documentation of ownership smooth and fast.
Schedule your research trip to Bangkok. Take a few days to get familiar with each district that interests you and where the nearest BTS station is. Enjoy a tour around the canals. Spend a star-filled night in the skyline above the city noise. Then narrow your search to find the location that ticks most of your needs and desires. Welcome home.