Rental rates in Bangkok´s condominium market are expected to face continued pressure during 2010 as more new units come onto the market.
Research from DTZ showed that during the final quarter of 2009, six projects with 1,408 units were launched within the Central Business District of the Thai capital. The total number of launches in 2009 stood at 5,726 – a 196 per cent increase on the 1,938 units the debuted during 2008. Most new launches during the quarter were in the mid-tier range.
DTZ reported considerable demand among these newly launched projects, with average take-up rates of between 60 per cent and 70 per cent.
Average capital values for condominiums inched up 0.2 per cent to THB 82,680 per square
metre at the end of the fourth quarter, and are forecast to rise in 2010. In the near term, the low interest rate environment will continue to appeal to home buyers, driving sales in the mid-tier condominium segment, according to DTZ.
Average rental rates for Grade A condominiums remained unchanged quarter-on-quarter at
THB457 per square metre per month during the fourth quarter, however this is a decline of 10.4 per cent year-on-year.
Read the original from
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
Decrypting the Crypto Bubble : China Ban Vs. Thailand’s cautious welcome
ICO has gained popularity among tech startups as a convenient and timely way to access funding. In the past few months, ICO has grown exponentially and has surpassed early stage venture capital funding
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
How is Thailand Bringing Technology to the Table?
In Asia, a country like Thailand has taken the initiative to implement agricultural biotechnology in its industry. The country has...