Knight Frank Chartered (Thailand) Co Ltd

The Thriving Appeal of Waterfront Living in Thailand: A Lucrative Investment Opportunity

Bangkok, Thailand - Knight Frank Thailand has unveiled a special analysis highlighting the allure of waterfront living in Thailand continues to captivate discerning investors and homeowners alike, with a recent surge in demand underscoring the enduring value of riverfront and beachfront condominium projects. A comprehensive analysis spanning from 2010 to 2023 reveals a steady growth trajectory in supply, emphasizing the sustained appeal of these prime real estate assets.

Unveiling Key Insights:

Supply Growth: The cumulative supply of riverfront and beachfront condominiums experienced a notable uptick of 8.2% from 2010 to 2022, followed by a further 8.8% increase in 2023. However, the rate of expansion remains tempered by the inherent scarcity of land in these coveted locales.

Regional Dynamics: Notably, the Chao Phraya Riverfront in Bangkok emerged as a focal point for premium waterfront living, boasting a 2.3% share of the total supply by the end of 2023. Meanwhile, Pattaya, Hua Hin, and Phuket each carve out their niche in the market, with distinct trajectories shaped by unique geographical and developmental factors.

Under Construction and Completed Projects: A comprehensive overview of ongoing and completed ventures underscores the robust momentum driving the waterfront condominium segment. Despite varying sales rates across different locales, the overarching trend points to a healthy appetite among buyers, with Bangkok's riverfront projects leading the charge in terms of sell-out rates.

Price Appreciation: Against the backdrop of sustained demand, the second-hand market for waterfront properties has witnessed appreciable growth in selling prices. Phuket stands out as a beacon of value appreciation, registering an impressive 11.2% surge in 2023, closely followed by the Chao Phraya Riverfront at 4.5%.

Popular Residential Zones: Strategic enclaves such as Charoen Krung - Narathiwat - Rama 3 in Bangkok, Wongamat in Pattaya, Khao Takieb in Hua Hin, and Bangtao, Laguna and Naithorn in Phuket emerge as hotspots for discerning investors, underpinned by their proximity to amenities and sustained demand dynamics.

Mr. Nattha Kahapana, Managing Director of Knight Frank Thailand, stated, “The waterfront condominium market stands poised for continued growth, albeit against a backdrop of constrained supply. While challenges persist in balancing supply and demand dynamics, the allure of waterfront living remains undiminished, with discerning buyers increasingly recognizing its intrinsic value as both a residence and an investment. Amidst evolving market dynamics, the appeal of waterfront living in Thailand endures as a beacon of luxury and investment potential. As the real estate landscape continues to evolve, opportunities abound for investors and homeowners alike to secure their slice of paradise along the picturesque shores of Thailand's rivers and beaches”