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The Bangkok condominium market continued to slow down with a decrease in demand from buyers, including both locals and foreigners. Property developers are exercising caution when launching new projects, and have been adjusting their plans to better suit the economic conditions.
Political uncertainty coupled with the US – China trade war has had a dampening effect on the Thai economy. As a result, the World Bank projects that economic growth will fall to 3.5% this year from 4.1% in the previous year.
The Hua Hin condominium market was previously popular among affluent Thai families, mainly from Bangkok. In 2013-2014, it expanded to capture new demand from medium income Thai buyers. This was due to improvements in accessibility, namely, the proximity to Bangkok, better infrastructure, and complet
The economic fundamentals underpinning the industrial market remained strong during the first half of 2018. According to the Bank of Thailand, them Thai economy is projected to expand in the range of 4. 2% to 4. 7%, driven by the acceleration of public investment and the pick-up in the trade volume
Despite a relatively low level of leasing activity in this quarter, it is expected that both supply and demand will pick up throughout the rest of the year.
The Thai economy remained strong in the second half of 2018, expanding at the fastest rate in six years. GDP expanded by 4.1%, driven by stronger domestic demand and public spending that has offset weakened export growth and the global economic slowdown.
Thailand’s economy continues to expand at a solid pace, with the main drivers of growth taking the form of private consumption and investment. Despite the stalling of external demand due to US-China trade tensions, internal growth fundamentals remain strong due to the governmental support for infras
Looking forward, the Bangkok property market in 2019 is expected to slow down due to the overall market
situation, which includes the Bank of Thailand’s residential housing loan regulation policy, rising domestic
interest rates, and the state of the global economy.
The Cha Am - Hua Hin condominium market showed positive signals during the first three quarters of 2018, following a slowdown over the past few years. From a study conducted by Knight Frank Thailand, it was
found that, between January and September 2018, there were 1,041 new condominium units adde
Rental rates of Bangkok office buildings hiked 68.69% since 2004, indicating great demand for office space in Bangkok. From the fourth quarter of 2018 onwards, there are 16 office buildings in the pipeline, which will likely put downward pressure on rental rate growth.
The condominium market in Pattaya has once again shown positive signals after continuous stagnancy for many quarters. From January to September 2018, there were around 4,800 new units launched.
Bangkok condominium market during 3Q 2018 has returned to a lively state, in regard to the launches of new projects with a total of approximately 23,000 units, an increase of up to 156% compared to 2Q 2018 or over 14,000 units.
Bangkok Condominium Market, Thailand 2H 2017.
Bangkok Condominium Market, Thailand Q1 2018.
Bangkok Condominium Market, Thailand 1H 2017.
The Thailand Industrial & Logistics report tracks market performance in the industrial and logistics sectors across the country.
Looking ahead, Phuket condominium market is expected to perform better in line with brighter economic situation and growing population of the island.
Super Prime and Prime Condominium Market Overview.
Over 140 companies now call Bangkok the home of their regional or international headquarters, and as office rents continue to climb to record levels, inefficient office layouts are becoming an increasingly expensive burden on the bottom line.
In Q1 2018, the activity of tenants in Bangkok remains strong. The net occupied space increased by 17,413 square metres to 4,563,551 square metres, bringing the occupancy rate to 92.31%.
Bangkok Office Market Report in Thailand.
Bangkok Condominium Market, Thailand 2015-16.
This report provides an in-depth look at the performance of the Asia-Pacific residential markets and discuss the cross-border residential land acquisition activity in the region.