1. Property Market In Thailand 1H 2017 Prepared by: Knight Frank Thailand
Sep 2017

2. Presentation Topics Bangkok Condominium Market
Bangkok Prime & Super Prime Condominium Market
Bangkok Office Market
Warehouse Market

3. Bangkok Condominium Market
Accumulated Supply

4. Bangkok Condominium Market
Supply, Demand and Sold Rate

5. Bangkok Condominium Market
Units sold per annum

6. Bangkok Condominium Market
Price Levels – Asking Price
CBD:
+4% YoY
City Fringe:
+2% YoY
Peripheral:
+1% YoY

7. Bangkok Condominium Market
Bangkok Condominium Market Trend for 2017
Market Trend for 1H2017
Demand
Selling rate or take up rate or Demand seems to stable and similarly to The investors/speculators are still found in many projects, due to a very good promotion package offered by developer such as low amount of down payment, fully furnished option.
Supply
Total new supply added into the market as of 1H2017 (especially in Q2 shown highest number comparing to last 5 quarters. Total new supply of 2017 is expected to similar to 2016 as October 2017 will be royal cremation ceremonies for King Rama 9. Most of new supply is from listed developers or medium size companies.
Price
Per sqm prices has continuously showed increasing. Sharply increase is found in fringe area in Asoke / Rama 9 / Ratchada and along the mass transit - green line extention, Mochit-Kukot and Bearing-Samutprakarn. However, price of many uncompletely sold projects are not increased but offerred a better promotion package.

8. Bangkok Prime & Super Prime Condominium Market
Accumulated Supply

9. Bangkok Prime & Super Prime Condominium Market
Prime Condominium Supply, Demand and Take-up Rate

10. Bangkok Prime & Super Prime Condominium Market
Super Prime Condominium Supply, Demand and Take-up Rate

11. Bangkok Prime & Super Prime Condominium Market
Average Asking Price per Square Metre

12. Bangkok Prime & Super Prime Condominium Market
Bangkok Condominium Market Trend for 2017
Market Trend for 2017
Demand
Demand of prime and super prime condominiums has shown a heavily drop from previous years (number of unit sold may only 30% of previous years).
Supply
New supply added into the market had been falling gradually in first half of But many land sites were transacted and many projects are on plan but not launch yet.
Price
We have witnessed a slowing growth in the average price per square metre in both prime and super prime markets. However, many projects have pushed to increase their price.

13. Bangkok Office Market Supply
Note : The total supply does not include multi-owner office buildings, office building below 5,000 sq.m., and  building for its own use.

14. Bangkok Office Market Supply, Demand and Occupancy Rate
Note : The total supply does not include multi-owner office buildings, office building below 5,000 sq.m., and  building for its own use.

15. Bangkok Office Market
Net Take Up

16. Bangkok Office Market
Asking Rent

17. Bangkok Office Market Bangkok Office Market Trend for 2017
Demand
Slightly decreased subject to Thai economics and some companies have reduced the use of space due to the rising rental rates.
Supply
Continued to grow for the next 3-5 years because there are many projects on plan both in CBD and Non-CBD area.
Rent
Continously increase at rate of 6-8% per annum for the next 3 years.

18. Warehouse Market
Supply

19. Warehouse Market
Demand

20. Warehouse Market
Demand

21. Warehouse Market
Rental Rate

22. Warehouse Market
Warehouse Market Trend
Demand – Decreased in all area. Waiting to see any positive impact from EEC project
Supply – Decreased follows demand
Rental Rate – Shown decrease rate especially older warehouse.