The Relationship between the Unit Size and Price of Studio-Type Condominium in Bangkok Metropolitan Area

Abstract

This paper is a survey research focusing on the relationship between the unit size and price of studio-type condominium in Bangkok Metropolitan Area (BMA). The 55 samplings were selected from condominium projects launched in 2013, and analyzed with descriptive and inference statistics. This study depicts the characteristics of utilized area of unit size condominium in BMA and the relationship to price. The findings consist of two main points. First, the price ranges from 32,000 Bht./sq.m. to 237,000 Bht./sq.m with average unit size 27.56 sq.m. while the smallest unit size is 21.00 sq.m. and the largest unit size is 38.00 sq.m. The research reveals that the unit size is not significantly related to the unit price. Second, the utilized spaces in one unit can be divided into six functions: sleeping area (38%), living area (24%), W.C. (14%), cooking area (13%), dining area (4%), and balcony (7%). The proportion of these six utilized spaces is significantly related to unit price, 42.5% of which is controlled by spatial proportion. Furthermore, the research reveals that the size of W.C. space is most significantly related to the unit price. The research results contribute towards the design and marketing planning of suitable and affordable studio-type condominium unit in the future.