Bangkok Overall Figures Q2 2024

Residential: This quarter, the overall condominium market remained stable, with new launches in downtown and midtown/suburban areas mirroring those of the previous quarter. More than 35,000 units are set to be completed by the end of 2024.
Office: New supply continues to impact occupancy rates, falling by 0.9pps Q-o-Q to 81.5%, however Grade A+ rents have increased as commitment levels at new buildings continued to rise but Grade A CBD rents dropped slightly. Average Grade A+/A rents rose 0.5% Q-o-Q.
Retail: Bangkok's retail sector slowed in Q2 due to increased competition, cautious consumer spending, and lower tourist arrivals. CCI also fell to 58.9 in June 2024, the fourth consecutive month of decline and the lowest level since September 2023. 
Hotel: Hotel performance in Q2 showed a decline in all key indicators compared to the previous quarter due to entering traditional low season, while ADR and RevPAR continued to exceed Q2 2019 levels by approximately 20%.
Industrial & Logistics: Industrial market is continuing to benefit from positive momentum, fuelled by a surge in demand, particularly land and ready built factories, from relocations and company expansion.
Economic: GDP in Q2 2024 grew by 2.3% Y-o-Y, from an increase of 1.6% in the previous quarter.