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Toby Steward, Author at Thailand Property News

Bangkok Office MarketView, Q4 2013 Overall, 7.39 million square metres was occupied, up by 0.8% Q-o-Q and 3.4% Y-o-Y. The occupancy rate improved to 90.8% this quarter, from 90.4% in the previous quarter. Office rents increased for both grade A and grade B offices in CBD and non-CBD areas. The ... ... Read More >
Phuket Residential MarketView Q4, 2013 Condominium & Apartments In Q4 2013, there were two new resort condominium projects launched in the east coast area and west coast area: Diamond Condominium (Mid-range Condominium: THB 60,000 – 89,999 per sq.m.) and The Beachfront (High-... ... Read More >
Phuket Hotel MarketView Q4, 2013 The performance of hotels in Phuket improved in terms of both Average Daily Rate and occupancy rate in 2013. The occupancy rate of upscale hotels in 2013 increased by 2.0% Y-o-Y to around 70%. Phuket’s hotels also increased their Y-o-Y average occupancy rate in ... ... Read More >
Thailand Investment MarketView Q4, 2013 There were five reported large land transactions in the Bangkok Metropolitan Region during this quarter. KPN Group acquired 1-2-12 rai (2,448 sq. m.) site by the Surasak BTS station for an undisclosed price to build a luxury condominium development. Thai Wacoal ... ... Read More >
Bangkok Residential MarketView Q4, 2013 One highlight of the new launches in this quarter was The Diplomat Sathorn (192 units) in the downtown area, with more than 90% sold within two months of being launched. By the KPN Group at an average price of THB 250,000 per square metre, which is higher than ... ... Read More >
Bangkok Luxury Hotel MarketView Q4, 2013 The Average Daily Rate (ADR) of all grades of hotels in Bangkok was around THB 3,200, an increase of 7.0% from 2012. Revenue per Available Room (RevPAR) of all grades of hotels in Bangkok was THB 2,400 in 2013, rising by 13.0% Y-o-Y. CBRE forecasts ... ... Read More >
Thailand Industrial MarketView Q4, 2013 The supply of completed SILPs is increasing at a faster pace. 4,300 rai (690 hectares) were completed in our survey basket compared to 1,800 rai (290 hectares) in Q3 2013. Some of this increase in new supply had been delayed since 2012 because of the time ... ... Read More >
Bangkok Retail MarketView Q4, 2013 In Q4 2013, four new retail centres opened: a supporting Mall for a condominium project called The Shoppes Grand Rama IX, a Lifestyle Dining & Gastro Landmark called The Groove at Central World, a Community Mall called The Paseo Town on Ramkhamha... ... Read More >
Bangkok Office MarketView, Q4 2013 Office rents increased for both grade A and grade B offices in CBD and non-CBD areas. The highest rents were in new grade A buildings in the CBD. In Q4 2013, average rents for grade A office space in the CBD rose by 1.2% Q-o-Q and by 7.0% Y-o-Y to ... ... Read More >
Thailand Industrial MarketView Q3, 2013 The supply of completed serviced industrial land plots is increasing at a slow pace. 1,800 rai (290 hectares) were completed compared to 7,000 rai (1,100 hectares) in Q2 2013. There are at least 34,824 rai (5,600 hectares) of SILPs future supply to come. The ... ... Read More >
Bangkok Retail MarketView Q3, 2013 In Q3 2013, three new shopping centers  opened  in Bangkok;  B-Gallery,  wholesale and  retail  on  Prathunam, Omni Community Mall  on  Lad  Prao 116 and Kurve 7 on Krung Thep Kreetha Soi 7. International  brands  expanded their  business  lines  in  the  Thai market  in  Q3  2013.  The  latest (4th) Christian Dior store opened at  Siam  Paragon;  ... Read More >
Bangkok Office Rentals MarketView, Q3 2013 Office rents increased for both grade A and grade B offices in CBD and non-CBD areas. The highest rents are in new grade A buildings in the CBD. In Q3 2013, average rents for grade A office space in the CBD rose by 1.5% Q-o-Q and by 8.0% Y-o-Y ... ... Read More >
Bangkok Residential MarketView Q2 2013 In the Bangkok condominium market, we see a clear split between the downtown market and the midtown/suburban market with different market dynamics, sizes and quality emerge. The downtown market consists of projects at higher prices while... ... Read More >
The number of international passengers disembarking at all AOT-managed airports increased by 17.5% Y-o-Y in Bangkok. China grew 105.2% Y-o-Y this quarter and still remains the largest inbound feeder market accounting for 19.5% of total visitors to Thailand. Russian arrivals increased by 44.3% Y-o-Y. ... Read More >
In the Bangkok condominium market, we see a clear split between the downtown market and the midtown/suburban market with different market dynamics, sizes and quality emerge. The downtown market consists of projects at higher prices while the midtown/suburban market is a mainly a mass market made up of one bedroom units. ... Read More >

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