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Thailand Investment – Market View Q2 2015

Continued demand for prime development sites and income producing properties

Economic growth remains slow in Thailand. The demand for prime Bangkok CBD sites and prime income producing properties continues to be strong but there is limited supply of sites and income producing properties being offered for sale.

Condominium developers continued to concentrate on the downtown area with SC Asset reportedly paying a record price of THB 1.9 million per square wah (USD 13,970 per square metres) for a 3-0-9 rai (1.19 acres) site on Soi Chidlom to develop a condominium.

Developers resumed new launches of condominiums in the midtown and suburban area but the rate of launches was slower than the past and this will reduce demand for midtown and suburban condominium development sites.

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Source : CBRE Research 2nd Sept 2015

 

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