
The condo resale market in Bangkok is a type of property market focusing on previously owned condominium units. This market contrasts with new condo sales, which deal with units directly from developers.
Buyers in the condo resale market purchase units from current owners, not developers.
One distinguishing feature of the condo resale market is the variety of unit conditions, including renovated units and units requiring updates. Units in prime locations, such as Sukhumvit and Silom, are highly sought after.
Another significant aspect is the immediate availability of units, as opposed to waiting for construction completion in new developments.
Popular features specific to the condo resale market include fully furnished units, which offer buyers a turnkey solution. Waterfront properties, with views of the Chao Phraya River, attract premium prices.
Historic condos, which have unique architectural elements, appeal to niche buyers.
Common features within the condo resale market encompass units with access to public transportation, notably BTS and MRT stations. Swimming pools and fitness centers are standard amenities.
Secure parking is a given, reflecting the city’s reliance on personal vehicles.
Unusual features in the condo resale market include pet-friendly policies, which are rare in Bangkok condos. Some units come with private gardens or large balconies, unusual in densely populated areas.
Another rarity is the inclusion of personal butler services in ultra-luxury segments.
Unique features entail ownership perks such as access to exclusive clubs and invitation to private events, benefits usually reserved for owners in the luxury segment. Another unique feature is the heritage status of some condos, offering a piece of Bangkok’s history.
Some condos feature art collaborations, displaying works of renowned artists in common spaces.
The condo resale market differs from new condo sales by offering immediate occupancy, a wider range of unit conditions, and potentially lower prices due to depreciation. Whereas new condos might come with developer guarantees and the latest design trends, resale condos provide character and diversity in options.
For further insights into terminology and concepts mentioned, visit our glossary about Bangkok real estate.