The Sights of Bangkok in Thailand

The occasions in Bangkok in May 2010 have raised problems concerning the recuperation we were seeing in numerous industries of the Thai building market in the initial quarter of 2010.

Nevertheless, it will certainly take months to see what the impact will certainly get on sales and allowing quantities, prices as well as leas. We do not think there will be an abrupt a remarkable down motion in prices or rental fees.

The overall supply of expatriate conventional family activities and days out apartment or condos in midtown Bangkok boosted 2.3% year on year. Occupancy was 88.2%. Leas climbed in some areas such as Central Lumpini but fell in other locations.

Despite the rise in the Bangkok resort supply, Bangkok occupancy prices and also REVPAR boosted yet the Typical daily price lowered in quarter 1. International Tourist Arrivals increased by 27.1% on Q1 2010. Undoubtedly Q2 numbers will certainly be really poor and it continues to be to be seen how much time it will certainly consider service and also visitor arrivals to recoup.
The majority of brand-new condo launches in the very first quarter were mostly little one bed room units.

The office market continued to be weak. There was no increase in supply. Occupy grew by 17,481 square metres. Grade A CBD rental fees fell by 3.8% year on year.

Retail Tenancy increased to 93.4%. Leas stayed at similar degrees. A variety of mall were closed in Central Bangkok for much of April and also May.

882 Rai (349 acres) of SILPs were sold on industrial parks and also estates in Q1 2010. This was an increase 891% y-o-y.

There was 175% boost in townhouse conclusions on quarter on quarter but programmer constructed solitary removed residence conclusions fell by 74% quarter on quarter.


The existing supply in midtown Bangkok got to 67,176 units, up from 65,067 devices in Q1 2010. This was a rise of 3.2% Q-o-Q as well as 15.8% Y-o-Y. There were 2,109 units completed in this quarter. Another 5,220 systems are set up to be completed by the end of 2010 which will raise the complete midtown condominium stock substantially to 72,396 systems, or by 11.3 % Y-o-Y.

In Q1 2010, the typical asking price for an off-plan estate condo system (premium and over) in downtown Bangkok was 156,460 THB/m2 an increase of 19.2% Q-o-Q or 3.0 Y-o-Y.
The complete variety of devices occupied by proprietors or lessees reduced from 74.2 in Q4 2009 to 74.0% in this quarter.

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