Bangkok Serviced Apartment Q4 2019

Although the overall serviced apartment market in Bangkok is still continuously growing, some large developers had entered into the serviced apartment market. The purpose is to gain revenue and increase their passive income. The demand has remained fairly stable with the Central CBD and Sukhumvit areas remaining as the most popular locations. The occupancy and rent have not significantly increased over the past several years. Average rents rates in  Q4 2019 remained similar to the previous quarter. However it is  predicted to increase. Though the increase may be only a few percentage points, as most clients for serviced apartment projects are on long contracts