Abstract:
The purpose of this research was to study the social, economic, and determinants of decision making of Chulalongkorn University students to purchase or rent condominiums. This research was done by conducting surveys from 401 samples in the university. The data was then analyzed using statistics. The samples were divided into 2 groups buyers and tenants. The results show that buyers were in a higher proportion at 53% while tenants made up 43%. Most samples were female undergraduates. Most students who chose to buy properties in inner Bangkok were already living in the city, whereas students who chose to buy properties in the urban fringes and peripheral areas were mostly from other provinces. Most students original accommodations are houses. Considering the household income, the study shows that guardians income per month totaled more than 150,000 THB for students who chose living in properties in inner Bangkok. Most students who chose to rent properties in inner Bangkok and the urban fringes and peripheral areas were from other provinces.Their guardians incomes ranged from 50,000 100,000 THB per month, and the rental fees per month ranged from 15,000 THB to 20,000 THB. The study showed that most students rent properties in inner Bangkok, and most are staying in the Bangrak, Ratchathewi, and Phaya Thai neighborhoods. The room sizes ranged from 21 to 30 square meters with 1 bedroom. Examining transportation use and fees, the result shows that both buyers and tenants who are living in Bangrak, which is near the university, chose to travel to the university by walking. Students residing in other properties in further out areas traveled by the BTS and MRT train lines. Looking at students decision making factors to choose accommodation in Bangkok and peripheral areas, students and their guardians desired safety. The result of the study shows that location of condominiums is the most important factor. The location must be convenient for transportation, close to the university, and considered safe. The household income is an important factor in choosing the propertys location and ownership, including the property level. In conclusion, this research suggests a plan for property development and to increase the amount of accommodation available for students. The property should focus on maintaining a good image, maintaining safety, and offering desirable facitlities such as restaurants and convenient stores, co-working spaces, and small parks which help to enhance students lifestyles. The objective of this research is to benefit property developers and university executives, and to serve as a guideline for strategy making and decision making in order to develop condominium projects that meet the current demand.