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Toby Steward, Author at Thailand Property News - Page 3 of 4

Market update on the Thai Residential Property Market with CBRE Thailand’s Director of Residential Sales Pornpimol Phuengkhuankhan. For more information please visit our website. ... Read More >
Q1 2011 Market Update : Bangkok Office MarketInterview with Petcharat Pultasthan, Associate Director in the CB Richard Ellis Thailand Team, discussing the current office market in Bangkok. For more information on Office Services, please visit our website. ... Read More >
This was a new record for quarterly arrivals. According to the Airports of Thailand Public Company Limited (AOT), international disembarkations at PhuketInternational Airport were 649,335, an increased of 26% Y-o-Y. The Average Daily Rate (ADR) of upscale hotels decreased by 1.9% Y-o-Y. Luxury hotels saw a small decline in ADR of 4.7% Y-o-Y. First-class and mid-range hotels saw ADR increase ... Read More >
Condominium developers started 2011 in a cautious mood and we saw few of the large listed companies launching new developments. The size of the developments in terms of unit numbers were smaller and there were more nonlisted developers than listed developers. One of the largest launches for the lower end of the market was Lumpini Ville Lasalle Bearing. The project ... Read More >
 We are seeing a recovery in both the resort villa and condominium market in Phuket. The market today is very different from the one that existed before the global financial crisis. The “west is best” in terms of location. The villa market is improving at the top end but most activity is in the low end villa and condominium sectors. ... Read More >
The number of disembarking international passengers at all AOT-managed airports in Bangkok increased by 9% Y-o-Y while tourism in Phuket grew strongly with the number of disembarking international passengers increasing by 26%Y-o-Y in Q1 2011. As the result of the growth in the tourism market in Bangkok, the average occupancy of upscale hotels in Bangkok increased to 65% in Q1 ... Read More >
Total Serviced Industrial Land Plots (SILPs) sales increased from 882 rai (352.8 acres) in Q1 2010 to 1,187 rai (474.8 acres) in Q1 2011 which is a 34.6% increase Y-o-Y but a 39.8% decrease Q-o-Q. In Q1 2011, the total supply of SILPs remained unchanged at 103,769 rai (41,507.6 acres). This was a 1.3% increase Y-o-Y from Q1 2010. The ... Read More >
There was still demand for development sties but condominium developers were possibly becoming more cautious because the market slowdown in Q1 2011. Although the Bank of Thailand increased the policy interest rate by 25 bps twice this quarter to 2.50% per annum, yields for property investments did not change significantly and money is still being driven into the property market ... Read More >
Bangkok Retail MarketView Q1 2011 The economic recovery in the fourth quarter of last year improved consumer confidence which had a knock on impact on shopping patterns, with increased retail spending this quarter. Supply is set to increase going forward, based on projects already announced, an additional 0.77 million m2 will be completed within the next few years, increasing the ... Read More >
Despite the Bank of Thailand announcing measures of decreasing LTV’s for condominium to 90% and the LTV’s for houses to 95% to cool the property market, developers still continued to acquire sites for residential projects. There have been concerns about an influx of foreign money into Thailand. There have been significant foreign inflows into the Thai bond and stock markets ... Read More >
Phuket Residential MarketView Q3 2010 In the third quarter we saw a continued recovery in tourism arrivals and expect that this trend will continue into the high season in the fourth quarter. The best performing sectors of the property market were in the very best properties that have sea frontage with an established reputation and entry level projects. Quarterly Highlights ... Read More >
International passenger arrivals to Bangkok Airports increased by 6% in December and international arrivals to Phuket increased by 25% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for December 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,642,901 in December 2010 compared to    1,544,158 in December 2009, an increase ... Read More >
Bangkok Residential Sales MarketView Q3 2010 The Bangkok condominium sector is clearly split into two areas that are at different stages of their cycles. The market for larger downtown units has been slow with few new project launches and the clearing of constructed-but-unsold inventory by developers using discounts and promotions. The focus for new development has been small one-bedroom units ... Read More >
International passenger arrivals to Bangkok Airports increased by 7% in November and international arrivals to Phuket increased by 33%. The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for November 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,470,799 in November 2010 compared to   1,369,416 in November 2009, an increase ... Read More >
Bangkok Office MarketView Q3 2010 The total office supply in Bangkok stood at 7,978,543 sqm. at the end of Q3 2010, up 1.5% Y-o-Y. No new supply was completed in this quarter. The overall take-up in the Bangkok office market was 6,866,172 sqm., up 0.1% Q-o-Q and 1.4% Y-o-Y. The total occupancy rate also improved slightly from 86% to 86.1% ... Read More >

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