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Further evidence of confidence and consolidation in the Thai Property Industry

By James Pitchon on Jan 10, 2010 in Residential

LPN one of the leading developers of entry level condominiums announced to the Stock Exchange of Thailand that they had acquired a 5,921 square wah (23,684 square metre) plot of land at Ratchayothin from another smaller publicly listed Developer, Metrostar Property. This is further evidence of confidence among the larger developers to proceed with [...]

Residential market grows despite House Price Index

By Bangkok Condo Editor on Dec 29, 2009 in Research, Residential

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. [...]

The number of Thai buyers increases in Q3 09

By Bangkok Condo Editor on Dec 29, 2009 in Research, Residential

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 [...]

Supply of apartment and condominium units increase

By Bangkok Condo Editor on Dec 28, 2009 in Research, Residential

Bangkok Residential Leasing MarketView Q3 09 Five apartment buildings were completed, with a total of 62 units. The total supply of apartments units was 11,151 increasing by 0.56% Q-o-Q and 4.5% Y-O-Y. The total number of condominium units in downtown Bangkok grew by 1.7% Q-o-Q and 14.1% Y-O-Y to a total of 61,522 units. Grade [...]

LPN and Supalai sell out over 4,000 units in four condominium projects in one weekend

By James Pitchon on Dec 03, 2009 in Residential

LPN and Supalai reported that they had sold the majority of units in four projects that were launched on the weekend of November 21 and 22, 2009. LPN launched and sold 1,026 units at Lumpini Ville, Ladprao Chokchai. The average unit size was 29.5 square meters and the average achieved price was 1.43 million Baht [...]

Foreign Ownership Under Scrutiny

By James Pitchon on Oct 27, 2009 in Residential

The current restrictions on foreign ownership in particular the restriction of foreign ownership to 49 % of the sellable area of a condominium at the limit on the current length of lease to 30 years with options to renew will affect Thailand’s resort property markets which in the case of Phuket or Koh Samui are almost totally [...]

Green Buildings Gain Ground

By James Pitchon on Oct 21, 2009 in Office, Residential

Momentum is growing around the world for certification of the environmental efficiency of buildings. Although Thailand has not yet adopted its’ own certification standards this has not prevented developers from adopting international standards in the absence of a local standard. This move is in a response to demand particularly in the office market. We believe [...]

Bangkok Overall – Q 2 2009

By Bangkok Condo Editor on Oct 20, 2009 in Research, Residential

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 [...]

Bangkok Residential Sales – Q 2 2009

By Bangkok Condo Editor on Oct 20, 2009 in Research, Residential

Summary The biggest change in Q2 2009 has been the nationality of purchasers. In 2008 up to 50% of primary sales purchasers for off plan sales were foreigners. In the second quarter of 2009 we saw that change to Thais making up 80% of purchasers both for primary sales from developers and resales in projects [...]

Phuket Residential – Q 2 2009

By Bangkok Condo Editor on Oct 20, 2009 in Research, Residential

Summary The second quarter of 2009 continued to be a quiet period for property sales in Phuket, with a reduced number of enquiries and buyers compared to the beginning of last year. The effects from the global economic crisis and Thailand’s political instability are certainly still impacting sales performances. Overall, Q2 saw a more active [...]

Bangkok Residential Leasing – Q 2 2009

By Bangkok Condo Editor on Sep 22, 2009 in Research, Residential

The surprise of the quarter was that despite the global economic recession the number of expatriates with work permits in Bangkok rose by 13.2% y-o-y to 79,511 according to figures from the Alien Occupational Control Division, Department of Employment. We also checked with the major international schools and they reported that they had not seen a [...]

Useful info about Bangkok property rental

By Bangkok Condo Editor on Feb 28, 2009 in Residential

Useful information about property rental Rental: This is always referred to as monthly rental, and is payable monthly in advance, by the tenant to the Landlord. The total rent may be split between rental of space, rental of furniture and service/maintenance charges. Tenants are responsible for payment of utilities. Tenants also usually pay for monthly [...]

Apartment supply & demand – Q4 2008

By Bangkok Condo Editor on Jan 30, 2009 in Research, Residential

Supply The total supply of apartment units in downtown Bangkok stood at 10,866 as of Q4 2008, up from 10,677 (+1.9% q-o-q and +6.1% y-o-y) in the previous quarter. The incremental supply during this quarter is from four newly completed projects in the Sukhumvit area. These are The Residence, 14 Place, The Harmonized and L.Three [...]

Apartment Rental/Leasing Market Report – Q4 2008 – Overview

By Bangkok Condo Editor on Jan 30, 2009 in Research, Residential

Highlights The average occupancy rate for downtown Bangkok was89.7% in Q4 2008, up 1.8% q-o-q, but down this by 1.2% y-o-y. The total number of occupied units was 9,749 in quarter, up 3.9% q-o-q and 4.6%. The average achieved rents for Grade A apartment units declined in all areas from 1.2-5.6%, especially in Sukhumvit(-5%), and [...]

Apartment Rental Bangkok – 2009 Outlook

By Bangkok Condo Editor on Jan 30, 2009 in Research, Residential

Outlook The total number of expatriates in Bangkok grew y-o-y to November 2008, but this growth will slow as many manufacturing companies have announced significant reductions in production for 2009. Additionally, all types of businesses have tightened spending, which in some cases includes reductions in employee salaries and other benefits, such as rental allowances. Given [...]