Thailand
Bangkok retail supply currently at 7.6m sqm as of mid-2023
A few mega shopping centres are under construction.
Bangkok retail supply currently at 7.6m sqm as of mid-2023
A few mega shopping centres are under construction.
Bangkok retail rental discounts reduced to 0-4% in mid-2023
Foreign arrivals have reached 80% of pre-pandemic levels.
Thailand warehouse supply up 9.3% to 5.6m sqm in H1
Nearly half of this supply is in the Bangkok Metropolitan Region.
Bangkok super prime condo sales rate hits 83% in H1
Over 4,300 units were sold out of a total supply of over 5,100 units.
Thailand to see over 500,000sqm of lettable logistics space until 2024
Over half of this will be seen in H2 2023
Bangkok records over 5,000 super prime condo units in H1
Only 180 new units from one project were added during the same period.
Bangkok to see over 400,000sqm of new office supply in 2024
This is expected to drive the vacancy rate to above 29% next year.
Bangkok to add over 3,000 new keys to its hotel supply by year-end
Four additional hotels were opened in Q2 alone.Â
Bangkok residential vacancy rate declines to 6.5% in Q2
A total of 21 projects are now fully occupied.
Bangkok records 21,600sqm retail net absorption in Q2
Thanks to the inflow of new tenants in existing retail spaces.
Bangkok prime logistics supply to grow by 600,000sqm this year
As a result, vacancy is expected to increase to 13.5%.
Bangkok office market to continue to favour tenants
Over 1.5 million sqm of office space remains in the pipeline.
Bangkok office space supply up 1.1% in Q2
A total of 79,000sqm of new office space was introduced to the market.
Three ways to revitalise Bangkok’s old office buildings
Over 70% of offices in the CBD are over 20 years old.
Bangkok Grade A office sector outperforms other segments in Q2
The Grade A segment saw the highest increase in occupied space.
Here’s a rundown of Bangkok’s Q2 office market performance per area
The average rents in the CBD grew, whilst rents were flat outside the CBD.
Bangkok’s unsold residential inventory to hit 4,000 unitsÂ
Over 1,800 luxury units are expected to be completed within the next 12 months.
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1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
