Yields for income-producing property investments have remained flat for the second quarter of 2010, with no notable changes from the previous quarter. The benchmark interest rate remained the same during Q2 2010 at 1.25% per annum, increasing by 25 bps in July 14th 2010. This level of interest rate has not affected property yields. Yields [...]
The events in Bangkok in May 2010 have raised concerns about the recovery we were seeing in many sectors of the Thai property market in the first quarter of 2010. However, it will take months to see what the effect will be on sales and letting volumes, prices and rents. We do not believe there [...]
Bangkok Residential Sales MarketView Q1 2010 The majority of condominium sales have come from Thai nationals not just looking to be end users but also to be buy to rent investors. The growing numbers of Thai buyers reflects the improvement in local consumer confidence. The biggest surprise for many people this quarter is that generally [...]
Bangkok Office MarketView Q1 2010 The total office supply in Bangkok was 7,978,543 sqm., down 0.1% Q-o-Q and up 1.5% Y-o-Y (it should be noted that there was a reclassification of buildings and readjustment of total net lettable office areas to reflect current usage). No new supply was completed in this quarter. As of Q1 [...]
Thailand Investment MarketView Q1 2010 The most notable transaction during Q1 2010 was the sale of 34,000 square metres of strata title offices in Serm Mit Tower on Sukhumvit Soi Asoke by Lasalle Investments to S.P. Building co., Ltd. The transaction price was approximately THB 1.5 billion (THB 44,117/sq.m.). Values of prime land plots [...]
Bangkok Post 12 May 2010 Real Estate Investment in Asia Surged in Q1, Says CBRE But year-on-year rise reflects slump in 2009 Total direct real estate investment in Asia in the first quarter soared by 215%year-on-year to an estimated US$16.5 billion, reflecting a buoyant market, according to the latest quarterly Asia Investment Market View conducted [...]
Thailand Investment MarketView Q4 2009 There was an increase in the number of building transactions in Q4 2009. The most notable transactions were TPARK LOGISTICS PROPERTY FUND (TLOGIS) and CIMB Thai Bank. TPARK LOGISTICS PROPERTY FUND (TLOGIS) bought 15 warehouses with usable area of 70,731 square meters from Ticon industrial PLC, for THB 1.53 billion. [...]
Bangkok Luxury Hotel MarketView Q4 2009 The hotel sector in Bangkok still faced reduced levels of tourism, down 3.8% Y-o-Y, in 2009. This figure is a marked improvement from the first half of the year with Q1 showing Y-o-Y decline of 13.4% and Q2 down 14.4%. The second half of the year showed a Y-o-Y [...]
Bangkok Overall MarketView Q4 2009 Both the economy and the property market improved in the fourth quarter of 2009. In the condominium sector developers focused on one bedroom units. LPN and Supalai both publicly listed developers sold over 4,000 condominium units in projects launched in one weekend in November. At the same time there are [...]
Asia MarketView Q4 2009 Asian commercial real estate markets witnessed a steady recovery of demand in the fourth quarter along with further improvement in the regional macro economic environment. This helped rentals stabilise and several markets recorded two consecutive quarters of rental increments, signaling the end of the downward cycle. However, most corporates remained cost-conscious [...]
REITS 2H 2009 Asian REITs continued to recover in the second half of 2009 as the stock markets in Asia improved overall and conditions in the credit market became more relaxed. The total market capitalisation of Asian REITs rose 17.6% in the second half and 34.5% for the whole of 2009 thanks to the recovery [...]
Asia Investment MarketView 2H 2009 Asian real estate investment markets recovered strongly in the second half of 2009 after enduring a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence returned, underpinned by low financing costs, the recapitalisation of private and public real estate funds/investors [...]
Bangkok – 20 January 2010 – 2009 was a challenging year for the Thai property market, but CB Richard Ellis (CBRE) sees positive signs for 2010. Whilst 2009 has been a tough year, it was not as bad as many expected. 2010 has begun with a more positive market sentiment. The improving economic outlook globally [...]
CB Richard Ellis sees residential market sentiment as positive throughout the majority of 2009 with prices and opinion improving quarter on quarter. A recent press release from another agent highlighted the drop in the house price index, placing Thailand’s residential market 38th out of a sample of 42, above Dubai and three Eastern European countries. [...]
Bangkok Residential Sales MarketView Q3 09 For the second consecutive quarter the majority of sales have come from Thai nationals, who are not just looking to be end users but also to be buy to rent investors. Thai purchasers believe that prices have reached the bottom and are going to rise and see property as [...]
