Market Insights

Thailand Property Research Reports Q2 2018

Thailand Quarterly Reports

Q2 2018 | Bangkok Condominium Report

Higher confidence marked 1Q 2018, meaning a higher average take-up rate in the previous quarter than in the past year. Approximately 563,843 units were already completed and registered in Bangkok and more than 100,000 unit still under construction and scheduled to be completed in the future.

New condominium units were still launched in Bangkok, especially along the new mass transit lines that are under construction. Many developers are more focusing on the projects with selling price which is starting from THB70,000–THB150,000 per sq m outside Bangkok inner city area. 
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Q2 2018 | Bangkok Serviced Apartment Report

Approximately 88,000 expatriates had applied for work permits in Bangkok as of 2Q 2018, and the total number of expats in Bangkok has continuously increased over the past few years. There were approximately 21,147 serviced apartments in Bangkok as of 2Q 2018.

Average occupancy rates in all locations have continued to increase steadily, and most are higher than 82%. 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.

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Q2 2018 | Bangkok Office Report

Demand has continued to show improvement since 2017. This trend is expected to continue to grow in 2018 and in the future. Supply remains limited, large-space occupiers have limited choices and options.

Occupancy rates of Grade A buildings in key locations within Bangkok are above 90%. Rental rates have been driven upwards over the past 6 months, and this trend is expected to continue.

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Q2 2018 | Bangkok Retail Report

Many local and international brands or shops are seeking an opportunity to step into the Thai market. New retail supply is still continuing to grow in 2018 and looks to keep expanding in the future.

Average occupancy rates in retail business have not much changed much but are still higher than 96%, except supporting retail. Average rental rates in the City Area show the highest rate, especially shopping malls in the Inner City Area.

English | Thai

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