Investment date: September 2025
When looking for investment opportunities in Bangkok, larger apartments can offer an interesting alternative to the increasingly common studios and compact one-bedroom units. In this case, the strategy was based on scarcity: acquiring a two-bedroom unit suitable for families, expat professionals and digital nomads in an area with strong rental demand.
The property selected was at Supalai City Resort Sukhumvit 107 in Bearing, along Bangkok’s eastern Sukhumvit corridor.
Why BTS Bearing?
Bearing is around 1.3 km from BTS Bearing, with shuttle buses and ride-hailing apps providing easy access to the station.
The area is positioned close to major developments including The Bangkok Mall, Cloud 11 and True Digital Park, attracting international professionals, remote workers and families looking for larger living spaces outside central Sukhumvit.
For investors, the combination of accessible prices, improving infrastructure and limited supply of larger units creates both rental and appreciation potential.
The Investment
The investor secured a two-bedroom apartment for 4.6M THB, approximately €121,000 at the exchange rate at the time.
The key element was scarcity: only 28 two-bedroom units were available for sale in the entire project, and this was one of the last two remaining units.
An additional 450,000 THB was invested in furniture and interior design, bringing the total investment to 5.05M THB.
The investor also used financial leverage through a Lombard loan backed by his existing financial assets, allowing him to finance part of the acquisition without liquidating his investment portfolio. This created an additional layer of capital efficiency while keeping his existing assets invested.
The apartment was designed to appeal to different tenant profiles, including families, expat couples and digital nomads working remotely.
Market Entry and Results
The property was listed for monthly rentals at approximately 35,000 THB per month.
Demand was immediate: within a few hours of being published, the apartment secured a four-month booking.
The result supports the original investment thesis: larger apartments can address a tenant segment with considerably less available inventory than the standard Bangkok one-bedroom market.
The investment model assumes:
- Starting rent: 35,000 THB/month
- Estimated annual rental appreciation: 5.5%
- Estimated annual property appreciation: 5.5%
ROI Calculation
- Acquisition price: 4.6M THB (≈ €121,000)
- Furniture & interior design: 450,000 THB
- Total investment: 5.05M THB
- Rental income: 35,000 THB/month
- Annual stabilized rental income: 420,000 THB
- Gross Yield: 420,000 ÷ 5,050,000 = 8.3% per year
- Estimated annual rental appreciation: 5.5%
- Estimated annual property appreciation: 5.5%
This case shows why unit size, scarcity and capital structure can all be important investment variables in Bangkok. With only 28 two-bedroom units available in the project and the property being one of the last two remaining, the investment targeted a segment that is increasingly difficult to replicate in new developments.
By combining a scarce two-bedroom layout, financial leverage through a Lombard loan, strong tenant positioning and a monthly rental strategy, the investor secured a four-month booking within hours of listing, while targeting an initial 8.3% gross yield and long-term growth in both rental income and property value.