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Condo or Townhouse which option is right for you?

Millennials is the name of a group of people born during the year 1984-1996. It’s an age range that most people thought that they love the lifestyle more than anything else. Whether it is checking in at a luxury restaurant or traveling abroad and show off in social media. But the point that many people may overlook is in addition to fulfill the needs by do what they want to do. This group also save up to lure the dream to find their own housing without losing the life style in the way they love. By choosing the house that better match with their lifestyle and from the project designed that understand the new generation.

Condominium in the heart of downtown and easy to commute

Young people aged 25-35 who have a stable financial position when choosing a residence, the first goal is to jump straight into a convenient location to reach the "source of job”. The central business district of Bangkok likes Silom, Sathorn, Pathumwan, Ari, and the new district of Phrom Phong and Ratchadaphisek. That become the "New CBD" (New Central Business District) of the capital.


The advantage of this location is that there are BTS and MRT scattered all over the city and it is not difficult to connect to out skirt of Bangkok. The condominium near the BTS and MRT at the price of 7 thousand - 1,500 thousand baht per square meter or price around a million to 3 million, are popped up a lot. Especially the Blue Line Extension. In the first half of the year, more than 2,700 new projects were launched, and the second half is likely to open another 3,000 units. Just like the green line extension from Bering to Samutprakarn and another way north, Mo-Chit – Saphan Mai – Kukod, are potential locations that now some projects are waiting for new generation who dream to have the first new home in the sky.

These options are best suited to these First Jobber. It only costs you extra time to travel. But when it comes to owning a condominium, it's worth it. Because it's better than ruining the mental health in a car on the road or must wake up early before sun rise to get to work. It’s better than losing the mental health of a car on the road. Or must wake up before the sun. It is also considered a long-term investment, waiting for the harvest from profit. Because the average price of condominiums in Bangkok go around to 3-5% each quarter.
 

Either purchase and living there by yourself to make life easier to get to work or keep it as an asset to make a profit in the future all worth it. But it must be remembered that there are 3 factors to promote in addition to the "location" that must be number one. Others are
"project concept" and "marketing position" are equally important because the selection of condominiums with a clear target audience, provide share space to work on a co-working space in a single building or to do some cool leisure activities in a common area that no need to going out. And do not have to invest to own their own property. Being a "different" option and helping either buying for a resident or speculation, it's worth standing out over other projects.

Townhouse space added and future location
 

However, there are new generation who are working hard to have a second job or move themselves into a freelance job without the need for a regular employer. Therefore, the need for a convenient location in the heart of the city may not be as high as the space available to work in a conductive atmosphere conducive to support creative thinking. "Townhouse" in a location near the city at a price comparable to condominiums on the new BTS line is a popular alternative in this time.
Especially during this high competition period of the townhouse industry around out skirt of Bangkok and the perimeter. Real estate companies are starting to take a turn to capture the new generation.
 

The highlight is the start price of not more than 2 million but with more space than condominiums. It is a market that has increased demand by have the concept of life in urban life style and conveniently located by the new train lines both under construction and preparation like, pink line, red line, yellow line etc. And near shopping centers that are beginning to expand to the suburbs, follow the direction of living as well.

The advantages of townhouses are supports life span after the formation to build a family. A new generation who overlook the status and want to prepare for a new family member. They consider the townhouse project started to compete to create quality products to capture the upper market and avoid the lower market that is slowing down due to the problem of bank lending.

The concept that is more popular is providing facilities to the townhouse project, just like a single house and real estate companies are meticulous in making the concept clear to tune in to customers with matching needs. So, no matter what kind of housing you choose. In this era is considered a true consumer market. When a quality townhouse project in the right location are racing to offer to catch a new generation who come with power to buy and know the different needs from other generations

 

Reference

http://www.colliers.com/-/media/files/apac/thailand/market-reports/q2-2018/bangkok-condominium-2q-2018_eng.pdf