Huai Khwang is a central district in Bangkok that’s buzzing with activity. Not only is it the location of what everyone is calling the “New Chinatown,” it’s also an international area with prominent Thai and Thai-Chinese communities. It’s also the midpoint between Sukhumvit and Ladprao, so it’s no wonder that this area is becoming prime real estate. Let’s get to know this place a little better, and if you end up living or investing in Huai Khwang, well, you heard it here first.
The real connection between Huai Khwang and the rest of Bangkok
Transformed from a humble neighborhood that used to be known for its local market and Ganesha shrine, Huai Khwang is now a key destination in Bangkok. It’s just two stations down from city’s Rama 9 CBD, three stations from Ladprao, and five stations from Asoke, making Huai Khwang a very friendly distance from Bangkok’s major areas.
As big businesses move out to Rama 9 (Unilever’s new HQ is here!) Bangkok’s new CBD becomes even more lively and full of amenities. And this is just the beginning, since there’s so much development planned in the area.
What’s with this New Chinatown?
Just to make sure you don’t freak out, the original Chinatown is still there. So where did the idea of a new Chinatown come from? Huai Khwang is home to the Chinese Embassy, a big reason why tourists and travelers from China choose this as their homebase in Thailand. Chinese residents, business owners, and investors also make up the community of Huai Khwang, which explains all the shop signs and banners in Thai, English, and Chinese. (It really feels like you’ve traveled outside of Thailand, which is pretty cool.)
The area being named Bangkok’s New Chinatown is Pracha Rat Bamphen Road. Take a stroll down this bustling road for great street food at all hours, shopping vendors, and lots of restaurants and cafes.
Further down you’ll find Central Rama 9, the Vintage Train Market, The Esplanade, and world-class healthcare facilities like Rama 9 Hospital.
An investment option to consider
Future investors or those with enough spending power who are looking to dip their toes in the property game, should consider Huai Kwang as a great place to start.
According to experts, the starting price is as low as THB100,000 per sqm to THB140,000 per sqm, which is considerably less demanding than the going price in Sukhumvit or Silom. Sure, you can use that same amount to put a down payment for a hot ride, but it’s not going to bring you a rental yield of 8%-10% that a condo would.
Before you decide to buy, sell, rent, or invest, it’s essential to understand the ins and outs of this neighborhood, which is where DDproperty comes in. DDproperty’s incredible database of properties is super easy to navigate, search, and compare properties in Huai Kwang and other communities in Bangkok. Head to DDproperty.com/AreaInsider to get the lowdown on each Bangkok neighborhood.