Thailand
Bangkok struggles with problematic residential supply glut
Bangkok struggles with problematic residential supply glut
The unsold rate already hit 4.85% in Q4 2020.
Bangkok office vacancies hit 7-year high of 11.6% in Q4 2020
Tenants right-sizing their footprints caused negative net absorption.
Bangkok records largest amount of new office space supply since 2015
79,000 sqm of new supply were added in Q2, the largest amount in a single quarter since Q1 2015.
Thailand's unsold rate for condos at its highest since 2011
The unsold rate hit 2.8% in Q2 as over 1,700 units remained unsold.
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1. Real estate deals surge 367% to $1.8b in Q1 on office demand 2. Singapore, India, Hong Kong drive APAC property investment growth 3. Singapore outpaces global luxury retail market with 2% rental growth 4. Singapore office vacancy rate drops to 2.4% in Q1 5. Seoul prime office vacancy set to rise as new supply enters CBDResource Center
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He shares his insights on how Asia’s real estate players can maintain profitability whilst navigating intersecting industry pressures.
