Thailand

There is 297,000sqm of supply expected to complete by the end of this year.

Rents in this city dipped by 0.1%, its first decline since the pandemic began.

These properties account for a total of 518 keys.

This is equivalent to 3,573 units.

That is if two projects are completed as scheduled.

Half of the deals are flight-to-quality transactions.

New supply is expected to reach 950,500sqm over the next five years.

This was from four real estate deals.

New supply is expected to reach 377,000sqm by end-2022.

This reflects a 6.8% decline compared to Q2 2021.

One is The Standard at Mahanakorn which is set to be Bangkok’s tallest building.

JLL says ongoing economic uncertainty may limit rental growth.

Capital values slightly increased by 0.3% during the quarter.

This mall’s daily footfall exceeds 150,000 people. 

These are buildings built before 2002.

This equates to 7,000 keys.