property
Sukhumvit Suburbs: Buying Now Costs Less Than Renting
Several Sukhumvit neighborhoods now show mortgage costs falling below rents for similar units as prices stabilize.
How we reported this
In Phra Khanong and parts of On Nut along Sukhumvit Road, monthly mortgage payments on mid-range condos now run lower than prevailing rents for equivalent units, according to July 2026 listings from local agencies.
The shift follows two years of flat resale prices after the 2024 interest-rate peak, while rents climbed 8 percent year-on-year amid steady demand from office workers near the new Sukhumvit 23 MRT station. Global uncertainty has kept foreign buyers cautious, leaving more inventory for local purchasers who qualify for standard bank financing at 4.25 percent fixed for five years.
Neighborhood comparisons
Along Sukhumvit Soi 77 near the On Nut BTS station, a 35-square-metre one-bedroom unit lists at 3.8 million baht. At current rates that translates to roughly 18,400 baht a month on a 25-year loan with 10 percent down. The same unit rents for 22,000 baht. Two kilometres east in Phra Khanong, developers released 120 units at the 2024 Bangkok Condo Expo; remaining stock now trades at 42,000 baht per square metre, again placing ownership below rental levels reported by the Sukhumvit Property Association.
Further west on Sukhumvit 24 near EmQuartier, the pattern holds for slightly larger units. A 48-square-metre condo purchased in March 2026 carries a 24,700-baht mortgage versus 28,500 baht in rent, according to transaction records filed with the Land Department that month.
Practical steps
Buyers should compare total costs including 2 percent transfer fees and 1 percent mortgage registration at the Bang Na district land office before committing. Those already renting can request a six-month break clause from landlords on Soi 63 or Soi 55 to time a purchase with the next interest-rate review scheduled for September. Local banks such as Kasikorn and Siam Commercial have extended pre-approval windows to 60 days for verified income documents, giving applicants time to lock rates before any further policy adjustment.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.