Thursday November 22, 2018 18:10

Properties Press Release : 14 Jul 2015

STRONG DEMAND FOR WELL-LOCATED AND DESIGNED APARTMENT BUILDINGS Properties—14 Jul 15

The single-ownership expatriate standard apartment market in Bangkok is performing well despite competition from rental units in condominiums, according to CBRE, a leading property consultancy company in Thailand. The number of expatriates with work

BANGKOK OFFICE MARKET REMAINED STEADY IN THE FIRST HALF OF 2015 Properties—14 Jul 15

Bangkok--14 Jul--CBRE

According to the latest research by CBRE Thailand, the leading property consultancy firm, there are 8.4 million sq. m. of office space in Bangkok. During the first half of 2015, supply increased by 86,000 sq. m. as AIA Sathorn Tower and Bhiraj Tower at EmQuartier were completed.

The overall net take-up increased by 4.8% Y-o-Y to around 100,000 sq. m. in the first half of 2015. The vacancy rate remained unchanged at 9.7%.
CBRE's research also shows that Park Ventures Ecoplex on Wireless Road is still the most expensive office building in Bangkok with the highest rent achieved of THB 1,200 per sq. m. per month for a small unit.

Rents continued to increase by 4% to 10% Y-o-Y in every grade and every area. Bangkok is still one of the cheapest office locations in the world, in the Asia Pacific region only Canberra in Australia is cheaper.

Currently, the most profitable and best use for freehold land in most main road prime locations in Bangkok is for a condominium development. Because of the high land cost and the low office rent, few developers are buying land to build office buildings. This will keep new office supply limited in the future.

There is only 340,000 sq. m. of office space under construction in Bangkok which is scheduled to be completed between the second half of 2015

DM HOME, PREMIUM FURNITURE AND HOME DECORATION IMPORTER ORGANIZING THE PROMOTION DM HOME DISPLAY Properties—14 Jul 15

DM HOME, Thailand's leading hi-end furniture and home decoration retailer, invites you to "DM HOME DISPLAY BRANDS SALE," the exclusive promotion of premium-graded import brands from Italy and USA such as FENDI CASA, VERSACE HOME, ARMANI/CASA, KARTELL,