Cost per square meter is a type of financial metric. It determines property value.
Examples include residential condos and commercial office spaces in Bangkok.
Cost per square meter differs from price per unit. Price per unit may refer to the total cost of a property.
In contrast, cost per square meter breaks down the price into a standardized measurement, offering a detailed view of the property’s value.
Popular features of cost per square meter include location, building amenities, and interior finishes. In Bangkok, properties in Sukhumvit and Sathorn command higher costs per square meter due to prime locations.
Luxury condos with state-of-the-art amenities such as rooftop pools and private gyms further inflate the cost. Premium interior finishes like imported Italian marble and custom-built kitchens also contribute to a higher cost per square meter.
Common features impacting cost per square meter encompass age of the building, developer reputation, and proximity to public transportation. Older buildings generally have lower costs per square meter due to potential wear and tear.
Properties developed by reputed companies like Sansiri and Ananda Development often carry a premium. Buildings near BTS or MRT stations enjoy higher demand, thus increasing the cost per square meter.
Unusual features affecting cost per square meter include historical significance, architectural uniqueness, and celebrity ownership. Historical properties in areas like Rattanakosin Island may carry a premium due to their unique cultural value.
Architecturally significant buildings designed by renowned architects command higher prices. Properties previously owned by celebrities may also see an uptick in cost per square meter due to their unique provenance.
Unique features specifically relevant to Bangkok’s real estate market affecting cost per square meter include views of the Chao Phraya River, integration with retail complexes, and branded residences. Properties with unobstructed river views command a premium.
Mixed-use developments that include residential units and a retail complex, such as ICONSIAM, offer convenience and luxury, affecting the cost. Branded residences like the Four Seasons Private Residences Bangkok set a high bar for luxury living, thus reflecting in the cost per square meter.
While all these factors influence cost per square meter, it remains distinct from similar financial metrics due to its focus on a standardized, per-unit measurement. This specificity allows for a more accurate comparison across different properties and locations, distinguishing it from broader measures like total price or rental yield, which may not account for size or quality differences.
For more detailed explanations on real estate terminology, visit our glossary about Bangkok real estate.