CB Richard Ellis’s expertise and experience has been widely recognised by professionals in the property industry. In the past several years, we have won a series of awards such as:
Research Centre
21 Dec 09
Bangkok Residential Leasing MarketView Q3 2009
Bangkok Residential Leasing MarketView Q3 2009
Five apartment buildings were completed, with a total of 62 units. The total supply of apartments units was 11,151 increasing by 0.56% Q-o-Q and 4.5% Y-O-Y. The total number of condominium units in downtown Bangkok grew by 1.7% Q-o-Q and 14.1% Y-O-Y to a total of 61,522 units.
Grade A rents rose 1.5% Q-o-Q but were down 5.4% Y-O-Y from 414 THB in Q 2 2009 to 420 THB in Q2 2009.
We expect that around 348 new apartments units will be completed by the end of 2009. In the same period we expect there to be around 4,845 new condominium units completed raising the total stock of downtown condominiums to 66,376.
Many purchasers of condominium units are “buy-to-rent” investors and the competition between apartments and condominiums for the expatriate rental market will increase.
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