LUXURY IN BANGKOK GETS A LOT CHEAPER

The Siam Paragaon Luxury Property Showcase in Bangkok comes to an end this weekend. More than 40 properties from Bangkok, and as far afield as Pattaya and Hua Hin, have been trying to tempt buyers with a range of show-only promotions.
One junior penthouse in the trendy Thonglor area of Bangkok is priced at 33 million baht (about US$1 million) and developers have been trying to tempt buyers with the offer of a Mini Cooper S thrown in with the purchase, along with other incentives worth close to 7 million baht.
But you don't been deep pockets to find something at this 'Luxury Showcase'. For those, like me, with significantly less to spend there area number of one- and two-bed condominiums in the 2 and 3 million baht price range - or less than US$100,000. Luxury in Bangkok has obviously got a lot cheaper!
From speaking to many in the industry, and also to those with nothing to gain from sharing their opinions on the property sector, it seems as though prices in Bangkok have gone as low as their even going to go. There is very strong, local demand for condominium developments priced below 3 million baht, whereas the higher end of the market is now seeing the return of foreign buyers and investors, most of the interestingly right now are from elsewhere in Asia.
If you're in the market to bag a bargain in Bangkok you need to move quickly, is seems.