Condos have many segments. What type is called a luxury condo? For anyone who is looking for or planning to buy a luxury condo or Luxury Condo, you should first understand what a luxury condo is. How is it different from a regular condo? As well as the various advantages and things that should be in a luxury condo that are more than just beautiful and expensive. Along with recommendations for luxury condo projects, prices 10 million baht and up, where are they located?
What is a luxury condo?
What is considered a luxury condo? From the classification of condos in Bangkok by price per square meter by CBRE Thailand, it was found that a luxury condo is a condo with a starting price of 250,000 baht/square meter and up. As defined as a luxury condo, each project may have a different definition, such as Luxury, Super luxury, Premium luxury, Ultra luxury, Ultimate luxury, etc.
Condo Segment | Price/Sq.m. |
Super Luxury | More than 350,000 baht/sq.m. |
Luxury | 250,000-349,999 baht/sq.m. |
High Level | 150,000-249,999 baht/sq m. |
Upper-Medium | 100,000-149,999 THB/sq.m. |
Mid-level | 70,000-99,000 THB/sq.m. |
Lower-level | Less than 69,999 THB/sq.m. |
Condominiums that are classified as high-end or higher often have the following common features:
- Located in an easily accessible area
- Located in a good and highly secure area, providing high privacy for residents
- Good building design, including good building plans and interior decoration
- Good construction standards, in compliance with building control laws
- Use of high-quality materials
- Complete facilities
- Sufficient elevators and good mechanical and electrical systems
- Professional management
- Sufficient parking space
How are luxury condos different from regular condos?
- Luxurious design
When it is a luxury condo, it must come with a luxurious design. It is the first difference and selling point that attracts attention. It must be luxurious both inside and outside. It is usually designed by famous architects or world-class designers. It also designs functions and various facilities that will help increase the value of the luxury condo and make residents feel more worthwhile, such as a panoramic view or Panoramic View, a specially designed Duplex room plan, a supercar parking lot, a private elevator, etc. - Outstanding location
Luxury condos must come with outstanding locations, which does not mean condos near the train or expressway like general condos, but also means prime locations in the inner economic areas of Bangkok such as the CBD (Central Business District) or locations that are considered prime areas, such as Silom, Sathorn, Sukhumvit, Rama 3, riverside condos, or vacation condos in tourist provinces, etc. - The project concept reflects taste. In laying the concept of a luxury condo or luxury condo priced at 10 million baht or more, in addition to being luxurious and classy, the overall project must have a unique identity, outstanding architecture, clearly reflect the identity, and indicate the taste of the residents, taking into account high privacy, which can be seen from the fact that most luxury condos have a small number of units in the entire project, room plan design, and division of units per floor only a few units.
- Premium material specifications
Talking about luxury condos, in addition to the luxury of the design, location, and project concept, you must use premium material specifications that are high quality and meet standards from leading brands of products and construction materials. Before deciding to buy a luxury condo, you should check the details of the materials used because sometimes luxury condos are newly built, with beautiful designs that meet your needs, but the material specifications used are different, such as flooring materials, kitchen counters, sanitary ware, and air conditioners, which will help make the decision easier.
What are the advantages of luxury condos?
- Located in a potential location, suitable for both buying for own use and investment
- High-rise luxury condo, high floor, beautiful view, wide view
- Luxurious design, reflecting the identity of the resident
- Feels like being at home, the room plan is proportional
- High privacy, few units per floor
- Quiet, not crowded due to the small number of units in the entire project
- Get special functions such as private elevators, private swimming pools
- High-quality materials, standard, premium material specifications
- There are common areas and complete facilities
- Strong security system, confident in safety