Thailand
Bangkok Q3 luxury condo sales hit record lows since 2021
There were no new launches during the quarter.
Thailand industrial vacancy rate to reach 8-10% in the medium term
This is as most of the upcoming new supply will be non-speculative.
Bangkok prime retail rents rise by 5.2% in Q3
This indicates that rents are finally stabilising.
Bangkok prime office rents inch up 0.3% in Q3
New completions drove the rise in gross rents.
Bangkok to see nearly 500,000sqm of new office supply in 2024
It’s an increase from the projected 345,000sqm of new supply for 2023.
What does the future look like for Thailand’s office property market?
Landlords are increasingly adopting the build-to-suit and ready-to-move-in models.
Grade B offices in Bangkok outperform other segments in Q3
It was the only segment to increase its occupancy rate.
Which area in Bangkok recorded the highest office leasing demand in Q3?
Net absorption in this area hit 8,700sqm during the quarter.
Bangkok retail supply currently at 7.6m sqm as of mid-2023
A few mega shopping centres are under construction.
Bangkok retail rental discounts reduced to 0-4% in mid-2023
Foreign arrivals have reached 80% of pre-pandemic levels.
Thailand warehouse supply up 9.3% to 5.6m sqm in H1
Nearly half of this supply is in the Bangkok Metropolitan Region.
Bangkok super prime condo sales rate hits 83% in H1
Over 4,300 units were sold out of a total supply of over 5,100 units.
Thailand to see over 500,000sqm of lettable logistics space until 2024
Over half of this will be seen in H2 2023
Bangkok records over 5,000 super prime condo units in H1
Only 180 new units from one project were added during the same period.
Bangkok to see over 400,000sqm of new office supply in 2024
This is expected to drive the vacancy rate to above 29% next year.
Bangkok to add over 3,000 new keys to its hotel supply by year-end
Four additional hotels were opened in Q2 alone.
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1. Tokyo overall industrial vacancy rate rises for the first time in two quarters 2. Singapore new private home sales more than tripled in November 3. Hanoi to see 90,600sqm of new retail supply by year-end 4. Two new malls slated to be completed in Kuala Lumpur by year-end 5. Seoul retail rents continue to rise in Q3Resource Center
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Real Estate Asia Awards 2024 opens nominations for exceptional projects, developments
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Shine a spotlight on your groundbreaking projects and initiatives that redefine excellence in Asian real estate.
Shine a spotlight on your groundbreaking projects and initiatives that redefine excellence in Asian real estate.
