Market Insights

Thailand Property Research Reports Q4 2018

Thailand Quarterly Reports

Q4 2018 | Bangkok Condominium Report

In 4Q 2018, the average take-up rate of newly launched condominium units in Bangkok was approximately 56%, while more than 45,000 units are waiting to be absorbed by the market. Approximately 591,744 condominium units are completed and registered in Bangkok.

In 4Q 2018, nearly 20,881 units were launched, which marks the highest influx of units during the past few years. The average selling price of condominium units launched in 2018 was increased from the previous year at approximately 8.2%.

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Q4 2018 | Bangkok Serviced Apartment Report

With higher occupancy than the city’s other locations, Sukhumvit Road remains the most popular area for developers and their clients. Most of the future supply that is due to be finished between 2019 and 2021 is located along this road. There will be very limited future supply of serviced apartments in the next one to three years, due to intense competition in Bangkok.

The average occupancy rates in all locations in 2018 are similar to the previous year. The average monthly rental rate exceeded THB840 per sq m in all locations except the Southern Fringe Area.

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Q4 2018 | Bangkok Office Report

Demand continued to show improvement from 2018, due to limited available office space , especially in Grade A buildings or new office buildings along mass transit lines. Supply remains limited due to the lack of new supply entering the market, especially Grade A in prime locations.

Occupancy rate will continue to increase in 2018, due to limited supply against rising demand from the past few years. The average rental rate in 2018 increased
around 3-5% from 2017, depending on location and building specifications Although most rates have already increased slightly from the past year, some buildings in the
CBD area were increasing their rates again in the second half of 2018, due to limited supply.

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Q4 2018 | Bangkok Retail Report

Many international and local brands have been looking to expand their space and open new shops in retail centres in Bangkok and the surrounding areas. Most of the older malls will renovate their centres and relocate or re-mix their tenants and add new brands or shops that are suited to the modern lifestyle.

The occupancy rates in all categories are above 97% except for supporting retail, which is lower than 90%. Department stores have shown the highest occupancy rate in the Bangkok retail market. Rental rates in 2018 were still similar to the previous year, but in 2019, rents will probably be around 5-10% higher depending on location.

English | Thai

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