Bangkok

Bangkok office rents drop for the first time in 10 years

Colliers predicts fall in 2020 Bangkok office rents for the first time in 10 years

Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy. Phattarachai Taweewong, associate director of research and communication at Colliers International Thailand, said the Bangkok office market has grown consistently since 2010. "This year will be the first contraction in the sector...

Expat shift drives changes in Bangkok’s condo market

Thailand’s dominant working expat nationality in past decades has been Japanese, currently making up 18% of expatriates in the country. But, while Japanese expatriate numbers are decreasing, a CBRE report notes that Chinese and Filipinos are on the rise. There were 28,560 Japanese expats in Thailand as of Q3 2020, just ahead of the Chinese expat contingent at 25,811. As China’s manufacturing has...

Bangkok serviced apartment market stays steady despite greater competition

The Bangkok serviced apartment market remains stable even with these units facing greater competition for condo units. Several prominent Thai developers, including Sansiri and Ananda, have entered the Bangkok serviced apartment market in recent years as they look for ways to increase revenue and create sustainable passive income. However, the future of the segment is now cloudy. According to Colliers...

tallest skyscraper in Bangkok

Thailand’s richest man is building Bangkok’s tallest skyscraper

Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant -- no official height has been set and completion isn’t expected until 2025 -- but the tower, at the centre of another $948 million project on the banks of Bangkok’s...

What’s Ahead for the Bangkok Property Market in 2020

A supply influx of new office space is on the way while the overall retail industry faces low consumer confidence. But, in 2019, the number of Chinese tourists to Thailand has started recovering, says CBRE, an international property consultant. Bangkok Office Market The office market in Bangkok continues to perform strongly for this, but CBRE identifies challenges that are heading our way in the...

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed on the general economic slowdown and the Land and Buildings Tax that takes effect early...

MS Siam Tower opens on Rama III

MS Siam Tower, The first premium office building opens on Rama III in Bangkok

The first premium office building at the corner of Rama III & Industrial Ring roads with an investment value of 2.6 billion baht. Thunsrisiam has announced the official opening of “MS Siam Tower”. The Board of Thunsrisiama and guests held the Grand Opening last Friday in the front of the office building before embarking on a walking tour on the 38th floor to enjoy the 360 degree views....

Rental Apartments Facing Change in Demand

Bangkok Rental Apartments Facing Change in Demand

As the number of Japanese expats in Thailand decreased to lower than 20% of the total expats for the first time in 2019 and dropped to 34,133 as of April 2019, a 4% decline Y-o-Y, CBRE is seeing a change in demand and its impact on the rental apartment sector in Bangkok, despite a healthy performance. Typically, when expats move with their family members to work in Thailand, the companies will cover...

Bangkok condo launches rise

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply in the second quarter continued to rise in Bangkok, with most launches in June after the political situation became clearer, says property consultant Colliers International Thailand. Despite many negative factors, developers still launched new condo supply in Bangkok in the second quarter, said Phattarachai Taweewong, Colliers' associate director. (adsbygoogle...

New MRT Line Extensions to Trigger Property Development Growth in Bangkok

New MRT Line Extensions to Trigger Property Development Growth in Bangkok

It was recently announced that MRT Dark Blue Line’s two new extensions will finally be scheduled for their first test runs nine years since they were constructed. The Dark Blue Line will become Bangkok’s first circular line after the official opening of new MRT line extensions. The capital of Thailand will subsequently pave the way to more development opportunities. (adsbygoogle =...

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