Building and Project information guide

Bangkok's prime residential development regulations dictate Floor Area Ratios (FAR) and strict foreign ownership quotas across the Sukhumvit and Khlong Toei districts. Development in this densely populated Central Business District (CBD) is heavily regulated by the Bangkok Metropolitan Administration (BMA) City Planning Ordinance, allowing high-density builds only near major transit nodes. High-profile projects such as Millennium Residence in Sukhumvit 20 and The Emporio Place strictly adhere to the Condominium Act B.E. 2522 (amended 2551), which mandates that foreign freehold ownership must not exceed 49% of the total salable floor area. These strategic developments boast proximity to major transit lines, with Millennium Residence located approximately 800 meters from BTS Asok, ensuring high tenant demand and consistent capital appreciation.

Current market data indicates that luxury condominiums in these specific Bangkok sub-districts achieve entry prices starting at 15,000,000 THB, translating to median per-square-meter rates of 180,000 to 250,000 THB depending on elevation and views. Investors should note that the land appraisal values released by the Treasury Department see an average increase of 8% to 10% per evaluation cycle in the Sukhumvit zone. Property transfer fees are fixed at 2% of the registered value, typically split equally between buyer and seller, while the Specific Business Tax (SBT) of 3.3% applies if the property is sold within five years of acquisition.

Verified Real Estate Authority

This guide is researched and authored by our certified local market experts at REMAX Thailand. With decades of combined experience across the Kingdom, our team ensures every insight is backed by verified transaction data, strict legal compliance, and up-to-date market trends.