Most housing markets go up and down depending on the job market and state of the local economy. But there has been quite a glut of good condos for rent in Bangkok for more than ten years now.
As Bangkok real estate to started to rise in value as the economy improved after the last economic downturn, developers realised that in order to make the property worthwhile to purchase, luxury condos were the most logical type of construction to build on a city lot.
These luxury condos had to be a cut above the existing condos at the time of construction to attract buyers to the superior facilities and amenities. Existing condos ten years ago or so didn’t have the expansive swimming pools, fitness rooms and sculptured gardens that modern condos in Bangkok feature. They also didn’t offer 24-hour security or concierge services.
Outdoing One Another
Once the first developer hit on this new approach to marketing condos for rent in Bangkok, every other developer was forced to follow suit or lose out on investors and renters. This was excellent news for the ultimate tenants of these condos.
The developers tried to outdo each other in the facilities and amenities they would offer in development after development. When lush gardens surrounding infinity-edged swimming pools became a run of the mill feature, everyone started including fitness rooms and children’s playgrounds as a means to outdo their competitors.
All of this one-upmanship between developers proved to be a benefit to people looking for condos for rent in Bangkok. Luxury condos in the nicest and most convenient areas of town were abundant, and the amenities and facilities of these units promised a great lifestyle in comfortable surroundings.
Raising the Bar in City Living
The condos still being developed today continue to raise the bar for city living in Bangkok. With condos nowadays offering free shuttle service to the BTS Skytrain and MRT, and others featuring convenience stores, dry cleaners and hair salons right on the grounds of the condo complex, developers are still attracting investors and residents to their units by outdoing each other in perks and features.
This phenomenon has raised the bar in the quality of city living that can be had in Bangkok. With so many of these condos competing for investors and tenants, it also means that luxury condos for rent in Bangkok are much less expensive than you would imagine.
If you’re an expat relocating to Bangkok for work from another country, you’ll probably end up saving money over what you were paying for rent in your home country. You’ll save money and enjoy a better lifestyle than you had at home.
Finding a luxury condo for rent in Bangkok is easy and almost unavoidable. For such a great lifestyle at such a low monthly rental fee. Luxury living in Bangkok is irresistible for everyone looking for accommodation in the city.