Market Insights

Thailand Property Research Reports Q1 2018

Thailand Quarterly Reports

Q1 2018 | Bangkok Condominium Report

Higher confidence in 1Q 2018, so average take-up rate in previous quarter higher than past quarter. Approximately 548,367 condominium units are completed and registered in Bangkok.


Approximately 14,050 units new launched in the 1Q 2018, dramatically higher than in 4Q 2017 around 35%. The average selling price of condominium projects launched during the past few years increased by around 5-10% per year and will continue to increase in 2018. 
English | Thai

Q1 2018 | Bangkok Serviced Apartment Report

Approximately 87,600 expatriates had applied for work permits in Bangkok as of 1Q 2018, and the total number of expats in Bangkok has continuously increased over the past few years. There were approximately 20,252 serviced apartments in Bangkok as of 1Q 2018.


Average occupancy rates in all locations have continued to increase steadily, and most are higher than 70%. Average rents in 2018 will continue to increase. However, the increases may be only a few percentage points, as most clients for serviced apartment projects are on long term contracts.
English | Thai

Q1 2018 | Bangkok Office Report

Demand continued to show improvement from 2017, due to limited available office space; the government is also trying to attract more foreign investments. Supply remains limited due to the limited of new supply entering the market, especially Grade A in prime locations.


Occupancy rates in main locations are higher than 90%; most Grade A buildings in close proximity to mass transit systems are showing high occupancy rates. Rental rates have been driven upwards over the past two to three years, and this trend is expected to continue in 2018, but may be lower than in the past.
English | Thai

Q1 2018 | Bangkok Retail Report

Retail developers are trying to attract buyers with high purchasing power. By adding high end stores and luxury brands in their own projects. Superstore mall operators are also importing luxury products. Approximately 59,579 sq. m of new retail space was added to the market during in 2018, and around 31,142 sq m is scheduled to be completed in 2Q 2018.

The average occupancy rate in all locations was higher than 96%. The average rental rates in all locations of Bangkok and the surrounding areas in 1Q 2018 remain similar to those of the previous quarter. English | Thai

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