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CBRE Market View – Thailand Property Investment & Thailand Industrial

By on Jan 08, 2016 in Research

Strong demand for prime development sites and income producing properties in Bangkok, Thailand

Quarterly highlights include:
– A new record land price in Bangkok CBD was set. According to the Bangkok Post, SC Asset Corporation PCL bought a site in Chidlom for THB 2.3 billion to develop a high rise condominium project.
– IKEA and Siam Future Co., Ltd including 4-5 undisclosed partners bought a 900 rai site in Rangsit, Pathum Thani Province to develop a new mega retail centre for an undisclosed price.
– Clover Hotel Singapore bought Glow hotel on Sukhumvit 16 from a local investor for a price in excess of THB 400 million. The hotel was under construction and nearly completed.

Industrial property market remains weak

Demand for serviced industrial land plots remains weak. Due to the slow demand, the new supply of serviced industrial land plots has been low as developers have been reluctant to expand. There are a number of developers who still have a bank of undeveloped land and are delaying starting work.

Source: CBRE Global Research Gateway
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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.

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