Overall investor sentiment remains positive. There was healthy demand across all sectors for income producing properties. Demand for land was still strong, although not as strong as the beginning of the year due to developers being more cautious about new condominium projects.
During this quarter, there were several major land and property transactions and we expect more transactions to occur later this year with the Crown Property Bureau to auction the rights to a 30-year lease on a 1 rai 1,600 sq. m. site located close to Phayathai-Ratchatewi BTS station and the Financial Institutions Development Fund FIDF re-auctioning their 33 rai site on Ratchadaphisek Road.
The Bank of Thailand continued to increase the policy interest rates, during this quarter there were two increases by 25 bps each time to 3% per annum. Inflation continues to be a major risk factor for the Thai economy.
This quarter, there were no significant changes to yields for property investments despite the increase in interest rates, however yields for 1-yr government bonds and 12-months fixed deposit rates increased strongly during this quarter and if this pattern continues property investments may be less appealing to investors in the future
Asian cities most threatened by environmental risk
According to the first instalment of Cities@Risk series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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