Research
Bangkok Condo Research
We conduct research on the latest conditions prevalent in the Bangkok Condo market, including supply, demand, and current property requirements of condo buyers.
With our network of offices, CB Richard Ellis has unparalleled access to resources in Bangkok, these enable us to identify trends that assist our customers.
Quarterly Highlights
- During Q1 2010, the total supply of downtown Bangkok condominiums reached 67,176 units (up 3.2% Q-o-Q and 15.8% Y-o-Y) an increase of 2,109 units (6 projects).
- In Q1 2010, the average asking price for an off-plan condominium unit (high-end and above) in downtown Bangkok was 156,460 THB/m2 an increase of 19.2% Q-o-Q or 3 %Y-o-Y.
- 1,759 units in four projects in the downtown area were launched during Q1 2010 with the majorityof new units targeting the high-end market.
- The average achieved re-sale price of units in completed upscale and above buildings increased by 18.4% Y-o-Y to 121,805 THB/m2. Central Lumpini was the area with the highest average achieved resales price level (143,338THB/m2).
Outlook
In this quarter, the focus of developers was on small units both in the central area and peripheral areas. Three developers – LPN, Sansiri and Noble reported that they had sold all the units at launch. Sales of larger units by developers in both projects that had been completed and were still under construction were slow. Land prices continue to increase especially in the Central Business District. We will see in the second and third quarters if developers can raise prices and still sell in high volumes.
Click for full access to further Bangkok Condo Research or to accss the Bangkok Property Report.
SUBSCRIBE
PROPERTY SEARCH
NEWS & EVENTS
-
New Launch
Inspired to preserve and nurture the strong character and sophistication of The Oriental Hotel’s services …