Thailand's leading real estate agent

Bangkok Land – CBRE Marketview Q1 2016

Continued strong demand for prime development sites and income producing properties
Quarterly highlights:
– According to news reports, Real Asset Development Co., Ltd bought a 1 acre site on Sukhumvit 57 and Ananda Development PLC bought a 2.6 acre site on Rama 2. Both sites are planned to be condominium projects.
– The Stock Exchange of Thailand reported NYE Development Co., Ltd and Royal Garden Plaza Limited have bought the 50 year leasehold for a 2.5 acre site on Silom, Bangkok’s CBD from Sivadon Co., Ltd for THB 11.8 billion.
– Central Group (a major retail developer in Thailand) are reported to have bought a 35.6 acre site on Mahachai Rama 2 Road in Samut Sakhon province to develop a shopping centre to be called Central Plaza Mahachai.

Another challenging year for the industrial property market
Market sentiment remained subdued in Q1 2016. Despite seeing an increased net flow of Foreign Direct Investment (FDI) in the first 2 months of 2016, which grew by 2.4% year on year, there have been minimal signs of recovery in the market.

The Thailand Industrial Sentiment Index (TISI) in Q1 2016 ended at 86.7 points in March 2016. The TISI has stayed below 90 points for 14 months. A figure below 100 points is an indication of low confidence among industrial operators.

In quarter 1, 2016 the Thai exports of goods increased by 0.9% year on year, ending 4 quarters of falling numbers. In quarter 1 2016, Thai manufacturing exports dropped for the fifth consecutive quarter by 3% year on year. The increase in exports this quarter was mainly due to the increase in global demand for gold.

Source : CBRE Research
For the full article click here.

No comment





 

emailSubscribe Via Email

Privacy guaranteed. We will not share your information.

Follow Me on Twitter

Follow Me on Facebook

Subscribe via RSS Feed

Copyright © 2019 CBRE (Thailand) Co., Ltd. All Rights Reserved.