The supply of apartments in Bangkok’s downtown area totalled 10,651 units, increasing by 143 units Y-o-Y. The change in supply in 2017 was a result of the revision of the data for the Downtown Bangkok area in CBRE’s apartment database in Q1 2017. CBRE Research removed buildings that were closed down or under renovation as we are uncertain if these projects will continue to be operated as apartments once the renovation is completed. As a result, there were no apartments in the Riverside area as of Q3 2017.
Expatriates prefer to live in specific areas of Bangkok. Most choose to live in three main areas: Sukhumvit between sois 1-65 and 2-42, Silom/Sathorn and Central Lumpini/Siam. Of these three areas, the most preferred location is the Sukhumvit area due to its large number of residences, restaurants and shops, all served by the BTS mass transit system, which make the area very attractive.
The apartment units in the Sukhumvit area accounted for 79% of the total supply, while Silom/Sathorn had 14% of the total downtown apartments, followed by the Central Lumpini/Siam area with 7%.
The total supply of Grade A and Grade B apartment units in Q3 2017 was at 2,701 and 7,950, respectively. Grade B units made up 74.6% of the total apartment supply in Downtown Bangkok, whereas Grade A units accounted for only 25.4% of the total supply.