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Insight

Building Passive Income Through Thai Rental Properties

Realistic yield expectations and strategies for building a rental portfolio in Thailand.

Thai rental properties offer yields of 4–8% depending on location and type. Building a sustainable rental portfolio requires understanding the numbers and the market.

Typical yields by location

  • Bangkok CBD (Sathorn, Silom): 4–5%
  • Bangkok mid-town (Ratchada, Rama 9): 5–6%
  • Bangkok suburbs (On Nut, Bearing): 6–7%
  • Phuket resort areas: 6–8% (seasonal)
  • Chiang Mai: 5–7%

Costs to factor in

Common area fees (฿40–80/sqm/month), property tax (0.02–0.1%), income tax on rental (progressive rates), maintenance reserve (5–10% of gross rent), and vacancy (assume 1 month per year).