Market Insights

Thailand Property Research Reports Q1 2019

Thailand Quarterly Reports

Q1 2019 | Bangkok Condominium Report

“The new LTV regulation from the Bank of Thailand, the new land and building tax, the rising land price and the political situation have affected the residential market in Bangkok. Developers slowed down the new launches and focused on clearing inventories before the LTV regulation put into effect. In the second half of this year after the election result is expected to be announced, the condominium market is expected to become active again as developers have plans to launch new projects later this year.”

English | Thai

Q1 2019 | Bangkok Office Report

Future supply will remain limited between 2019 and 2020 but starting from 2021 the new supply  will exceed the expected net take up of 200,000 sq m per year . The expected office supply completion will be over 200,000 square meters in 2021. As of the first quarter of 2019, the total supply under construction was about 1 million square meters while the total supply in the planning stage was almost 2 million square meters. During this quarter, there were more projects that have started the construction and more developers announced new office development plans . The market condition after 2021 might change as the overall occupancy might drop which will affect the rental growth.

English | Thai

Q1 2019 | Bangkok Retail Report

The opening of retail developments with the investment value more than THB 50 billion on the Rama 1 to Sukhumvit Road in the beginning of this year made retail market in Ratchaprasong and Sukhumvit area become active again. Many developers are looking for new land plots to develop new projects both small retail and large mixed use projects to respond to customer’s requirements and new lifestyle.

English | Thai

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