Market Insights

Thailand Property Research Reports Q4 2017

Thailand Quarterly Reports

Q4 2017 | Bangkok Condominium Report

In 4Q 2017, the average take-up rate of all condominium units in Bangkok was approximately 56%, while more than 45,000 units are waiting to be absorbed by the market. Approximately 553,900 condominium units are completed and registered in Bangkok.

In 4Q 2017, nearly 15,630 units were launched, which marks the highest influx of units during the past few years. The average price of all new condominium units launched has steadily increased every quarter. Expected in 2018, the average price will increase 8-10% resulting from an increasing of land price. 
English | Thai

Q4 2017 | Bangkok Serviced Apartment Report

The primary client group of serviced apartment units are expatriates living in Bangkok, although not all expatriates have opted to stay in such serviced apartments. A slight majority (55.6%) of all serviced apartment units in Bangkok are located in the area along Sukhumvit Road.

The average occupancy rate in all locations exceeded 70% and in some locations exceeded even 90%. The average monthly rental rate exceeded THB840 per sq m in all locations except the Southern Fringe Area. English | Thai

Q4 2017 | 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 continued in 2017. English | Thai

Q4 2017 | Bangkok Retail Report

Retailer 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 186,235 sq m of new retail space were added to the market during in 2017, and around 45,653 sq m is scheduled to be completed in 1Q 2018. The average occupancy rate in all locations was higher than 90%.The average rental rates in all locations of Bangkok and the surrounding areas in 4Q 2017 remains similar to those of the previous quarter. English | Thai

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