Thailand's leading real estate agent

Bangkok Office – Large Deals Boost Investment Turnover

By on Aug 08, 2016 in Property News

Bangkok Office leasing momentum remained slow as corporates turned more cautious due to volatility in the global economy. Rents continued to record moderate growth, rising 0.5% quarter on quarter.

Retail. The quarter saw a slight improvement in retailer sentiment but activity diverged across markets and overall leasing demand remained subdued. Leasing activity continued to be led by F & B retailers.

Logistics: Demand for logistics facilities remained mixed as export-oriented economies continued to struggle, but cities with larger domestic markets performed well. Logistics rents registered growth of 0.2% quarter on quarter.

Investment: Commercial real estate transaction volume rose to US$23.1 billion in Q2 2016 following the traditional quiet first quarter.Market activity is expected to weaken in H2 2016 as investors turn more risk averse.

Overall Asia Pacific GDP forecasts for 2016 remain unchanged at 4.1% as of the end of Q2, 2016. The Chinese economy showed signs of stabalising towards the end of Q1 2016 on the back of the improvement in the service sector and domestic demand. The country registered GDP growth of 6.7% year on year in Q2 2016, the same as in the previous quarter. India remained a bright spot, recording 7.5% GDP growth in Q1 2016.

Weaker markets included Japan, where downside risks intensified amid the rapid appreciation of the Yen, as capital flowed to safe havens following the UK’s vote to leave the European Union.

Industrial demand was weak in Q2, 2016. The outlook for the export trade in China and Southeast Asia is weak as the Brexit will weigh on the UK and EU’s economic growth over the next few years.

Source : CBRE Research, Market View Asia Pacific Q2, 2016
For the full article click here.

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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 © 2021 CBRE (Thailand) Co., Ltd. All Rights Reserved.