Based on Edmund Tie & Company Research Bangkok’s condominium market was upbeat, as demand showed signs of improvement. The pre-sale levels of new projects in the CBD averaged 67% in Q1 2017, higher than the 64% in Q1 2016. The average unit selling price for new condominium units was similar to Q4 2016 at THB246,380 per sq m, but this represents an increase of 7.1% y-o-y.


Thailand’s economy grew by 3.2% in 2016, an improvement from the 2.9% growth recorded in 2015. The Consumer Price Index (CPI) in Q4 2016 also increased by 0.7% y-o-y. The policy rate remained unchanged at 1.5% as of February 2017, as the current rate remains accommodative for the economic recovery. Notwithstanding, Gross Domestic Product (GDP) in Q4 2016 expanded by 3.0% y-o-y, lower than the 3.5% y-o-y in Q3 2016.

THE ECONOMY Key Highlights in Q1 2017

INVESTMENT SALES Key Highlights in Q1 2017img-4

OFFICE REAL ESTATE Key Highlights in Q1 2017img-5

RETAIL REAL ESTATE Key Highlights in Q1 2017

RESIDENTIAL REAL ESTATE Key Highlights in Q1 2017


The supply of condominiums started to improve. Major developers started to launch new condominium projects in the CBD market, especially in the high-end, luxury and super luxury sector.


Bangkok’s overall condominium market started to show signs of improvement after many planned condominium projects were pushed back during the mourning period in the fourth quarter of 2016. It is anticipated that major developers will start to roll out their new projects this year. The challenge now is for the developers will be to identify and acquire land to develop new projects and to select the marketable segments for those sites. Investment and sales activities will focus mostly on popular locations and segments that have higher take-up rates.

Sales and marketing activities for condominium developments will return to normal. The average unit selling prices in the CBD district is expected to rise. Demand for new units is expected to improve, as consumer confidence has gradually recovered. Condominium buyers and investors will continue to gain confidence with purchasing premium condominium properties in the CBD market as the market is very active.


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