No longer in the shadow of its popular counterpart Thonglor, Marciano Birjmohun of Knight Frank Thailand says "2018 will be a memorable year for Ekkamai as one of Bangkok's designated investment hotspots and for good reason."

Sukhumvit 63 also known as “Ekkamai” runs parallel to Thonglor (Sukhumvit 55) and is also connected via Thong Lo Soi 10/ Ekkamai Soi 5. This proximity synergizes the two areas; resulting in cohesive commercial activities flowing from Thong Lo into Ekkamai and vice versa. The area has developed a vibrant range of leisure options and is transforming into a residential hotspot appealing to today’s demand.

On the main intersection of Sukhumvit Soi 63 and main Sukhumvit road, is a major 4-way intersection that offers a diverse set of establishments along with the Ekkamai BTS station, connecting you to the main avenues of Bangkok.

Commuting to the Central Business District of Sukhumvit is only a few stops from the Ekkamai BTS station. At the far end of Ekkamai, you meet a junction that turns into Petchaburi road or into the Sirat Expressway (Bangkok outer ring road). For many, already familiar is the Eastern Bus Terminal, located on the main intersection of Ekkamai – with a connection to several Eastern Seaboard destinations such as Pattaya, Rayong, and the Koh Samet Ferry.

BTS Skytrain Station a mass transit line running through Sukhumvit Road. Source: Knight Frank Thailand .

While similar to Thong Lo in numerous ways, Ekkamai stands apart from its neighbour by offering its own unique living atmosphere. The area is populated by large trees and is less commercial, benefiting from a more peaceful and serene residential environment. Ekkamai offers a charming Bangkok vibe, especially with its undeveloped shop houses that still host “mom and pop” stores. Recently more modern and trendy venues opened up in the area, ranging from French bakery shops, Korean and Japanese restaurants, Italian bistro’s, Spanish Tapas, Café’s/pubs – cocktail lounges and Michelin guide fine dining establishments.

Investment Overview

The average cost to rent high-end condominiums in Bangkok’s CBD and City fringe is reaching on average 700-800 THB per sqm. When comparing the return on investment in condominiums over the past five years, Ekkamai retained the highest rental yield at an average of 7% followed by Thonglor average 6%. Investing in condominiums not only gives investors an annual rental return but also generates capital gains from asset appreciation. Although condominium prices have continued to increase, Ekkamai as a location has been given consistent annual capital gain at 5%. 2017 has been dominated by luxury and super luxury condominium supply – average asking prices reached new heights in areas such as Thonglor, giving growth opportunity to Ekkamai’s residential development.  

Source: Knight Frank Research - IPM 2018

A transitional lifestyle in the neighbourhood has driven demand for residential units in Ekkamai upwards. New developments in Ekkamai start at 160,000 THB per sqm. compared with Thonglor at 350.000THB per sqm. The popularity of Ekkamai is the result of convenient commuting options, great leisure venues and geographical location (Mid Sukhumvit). On top of this, the living atmosphere makes the area pleasantly relaxing; offering residents a good escape from hectic Central Tourist Districts. This combination of factors has contributed to Ekkamai’s appeal and desirability. Buy-to-let investors can positively benefit from investing in Ekkamai condominiums, as the area offers a steady market of potential tenants for the past years. As a reputable premium residential address; it’s a hotspot for great rental options, especially among the Expatriates and growing local Middle class.

Birjmohun added, "You may have noticed Ekkamai’s a narrow road, this is a beneficial factor for future residential planning; due to restrictions imposed by Bangkok’s planning and building regulations, there will be less high rise buildings allowed, maintaining balance. Ekkamai will have fewer high-rise condominiums, adding pressure on the overall supply of residential units. This will have a positive effect on the price-levels for savvy investors."

The future of Ekkamai

"With the influx of new quality residential projects – supported by acceptable absorption prices, Ekkamai (in particular Sukhumvit 63) will transform into a desired residential area, centred at the midst of Sukhumvit road with a proximity to all major avenues. We have seen area’s like Onnut undergo a similar transformation – flouring the neighbourhood and business activities," Birjmohun concluded. 

For more information about Ekkamai email Marciano Birjmohun of Knight Frank Thailand via the contact details listed below. 

This is a promoted article. 

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