Thailand Industrial MarketView Q3 09 Overall demand in the industrial property market remained weak, only 236 rai were sold, down 7.5% Q-o-Q and 82.2% Y-o-Y. A Chinese agricultural company bought 100 rai in Rojana Industrial Park, Ayutthaya. Automotive production has improved in Q3 2009 with manufacturing firms increasing production and recruiting new staff in August [...]
Bangkok Luxury Hotel MarketView Q3 09 The hotel sector is still faced with reduced levels of tourism. Latest figures show that tourist numbers dropped 4.1% Y-o-Y. This is however a marketed improvement on figures from the first half of the year with Q1 showing a Y-o-Y decline of 17.9% and Q2 down 18.5%. Easing political [...]
Air Asia has recently announced the launch of its’ new route between Phuket and Ho Chi Minh City. The airline has been operating daily direct flights between Thailand’s leading resort island and HCMC since 4th November 2009, in addition to its established routes from HCMC to Bangkok, Kuala Lumpur and Jakarta. The airline believes there [...]
Song Saa Island Resort, Cambodia’s first exclusive private island development was successfully launched through CB Richard Ellis last week at the Catch Beach Club in Phuket. Over 60% of the units were booked a week running up to and during the launch event. The resort, due to start construction next month comprises 14 one and [...]
Is video the new photo in marketing your villa? Not yet, says a new report from Welcomemat BUT the use of video by real estate professionals and companies is up 95% in the first half of 2009 relative to the same time period in 2008 indicating a clear long term direction. Video: What product are [...]
Bangkok Retail MarketView Q3 09 Although there is still downward pressure on rents, retail rents slightly increased in line with the economic recovery. The Consumer Confidence Index (CCI) and retail sales both saw an increase in Q3. Overall, there are signs of improvement in the retail sector, however continued improvement will depend on the speed [...]
Overall take-up in the Bangkok office market was 6,773,065 sqm, up 0.1% Q-o-Q and 0.8% Y-o-Y. The total occupancy rate also improved slightly from 86.0% to 86.1% in this quarter. The vacancy rate was 13.9%, indicating a fall from the 14.0% recorded in Q2 2009. Bangkok office market rents have moved downwards. As of [...]
Markets remain busy as year end approaches • The Chinese real estate investment market remained lively in November with institutional funds and SOEs actively pursuing deals for prime assets. Insurance companies continued to lay the groundwork for future deals following the expansion of their investment channels to include bonds, stocks, funds and real estate. Authorities [...]
Bangkok – 2 December 2009 – London’s West End is again the world’s most expensive office market, according to CB Richard Ellis (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey. Tokyo’s Inner Central has slipped to second place, followed by that city’s Outer Central market. Hong Kong’s Central Business District (CBD) and Moscow [...]
In the third quarter, Asian economies exited the cycle of violent contractions which characterised the most severe phase of the recession. The Asian property leasing market gave signs of approaching the bottom. Upticks in rentals were recorded across several market sectors. Low interest rates stimulated real estate investment in the region as capital values in [...]
Transaction Volume Remains Solid But Hong Kong Cools China witnessed steady investment activity in October as banks continued to snap up quality en-bloc office properties while second-tier cities including Wuhan, Chengdu and Chongqing also saw plenty of activity. Prices recovered to the extent that foreign institutions were looking to dispose of assets in the hope [...]
London, 19 November 2009 – Germany has emerged as the number one target destination for retailers looking to expand their international presence in the Europe, Middle East and Africa (EMEA) region in 2010, according to new research from CB Richard Ellis. The report – How Active are Retailers in EMEA? – reveals that 47% of [...]
Bangkok – 5 November 2009 Energy Complex Co. Ltd. has recently appointed CB Richard Ellis (CBRE) Thailand as the property manager of the Energy Complex, a new landmark in the energy industry in Thailand and offering the latest in energy-saving and green building technology. The Energy Complex is located on Vibhavadi-Rangsit Road and consists of [...]
Summary The major talking point in this quarter is the decline in the number of international tourists. Numbers fell 18.6% Q-o-Q and 14.4% Y-o-Y to around 3 million from 3.5 million in Q2 2008. Political instability and the global economic recession continued to be the main factor with the addition of Influenza A (H1N1). This [...]
Summary The second quarter of 2009 started badly with civil disturbances in Bangkok over the Songkran (Thai New Year) holidays in April. However, despite this inauspicious commencement to the quarter there were signs of improvement in certain property sectors. The luxury condominium market saw a significant improvement in the number of sales compared to the [...]
