Bangkok Condominium Market Report Q3 2011 by Colliers International Thailand

8/3/2019 Bangkok Condominium Market Report Q3 2011 by Colliers International Thailand

http://slidepdf.com/reader/full/bangkok-condominium-market-report-q3-2011-by-colliers-international-thailand 1/11

Q2 2011 - Q3 2011

new Supply

lAunCHeS

pRICeS

TAKe-up

THAIlAnd

.c i rs.c .th

Bangkok Condominium Market

HIGHlIGHTS

Launches dramatically down for Q3 2011 due to uncertainty regarding government incentive

sch s f s h pu chas s.

I c iv s a i i hi h-i c a s will li ly b s p p i s ibah a as ax a va a s will f a u p i ly f his buy s

U c ai i s su u i fu u v p lici s a i si ial p ph a .

Supply als f ll i Q3 2011 c pa h p vi us qua al h u h is xp ci Q4 2011.

New launches for Q3 2011 were dramaticallyw c pa wi h h p vi us qua by

a u 74%. App xi a ly 3,000 u i s wlau ch i Q3 c pa a u 11,600 iQ2 2011 and was the lowest number recordedi h pas h y a s. U c ai y a i

v i c iv s p licy has ha a i c

i pac buy ’s c c a alsv l p s hav pu bac lau chi w

p j c s a i wh s i will bfavourable based on greater clarity regarding

v pla s.

Q3 2011 | Condominium

mARKeT IndICAToRS

newly lAunCHed CondomInIum unITS duRInG THe yeAR 2010 – Q3 2011 by QuARTeR

Source: Colliers International Thailand Research

BAngkok CondomInIUm mArket rePort



I Q3 2011, ha 88% f al u i s lau ch a l ca i u baBa a a. Wi hi u ba Ba , h n h F i has sh w hhi h s u b s wi h app xi a ly 1,600 u i s 52% f h al.

th ou Ci y eas a a was s c , wi h ha 600 um asu s supp i i hi h-i c a s has a a sp f a c i u ba Ba i c pa is h subu bs.

App xi a ly 4,000 w c i iu u i s w c pl a

is a h d pa f La i Q3 2011 a h al u b fh wh l f Ba was app xi a ly 315,100 u i s, wi h ha

25,700 u i s sch ul b c pl i h las qua f 2011. th

number of condominium units under construction and scheduled to be

c pl i 2011 is h hi h s si c h l bal a cial c isis

Source : Colliers International Thailand Research

S u c : d pa f La , C lli s I a i al thaila r s a chr a : th u b f u i s s i clu p j c s f h na i al H usi Au h i y

newly lAunCHed CondomInIum unITS In Q3 2011 by loCATIon

AddITIonAl Supply by QuARTeR

COLLIERS INTERNATIONAL | P. 2

Bangkok Condominium market rePort | Q3 2011



ToTAl HISToRICAl Supply by loCATIon To Q3 2011

CumulATIve fuTuRe Supply SCHeduled To be CompleTed duRInG Q4 2011 – 2013 by loCATIon In uRbAn bAnGKoK (AS of Q3 2011)


S u c : d pa f La , C lli s I a i al thaila r s a ch

Source: Colliers International Thailand Researchr a : Supply s i clu u i s i Subu ba Ba

m ha 204,200 c i iu u i s, a u 65% f h al, al ca i h Subu ba Ba a a. Wi hi h u ba Ba a a,

h n h F i c ai s h s u i s u i s p xi i y hci y c , ass a si c c i s a la iv ly l w la p ic s

c pa h Ci y a a. th ou Ci y a as a app aa a sc u h x si f h BtS ac ss h Chaiv a fu h al Su hu vi a a his is s c


App xi a ly 25,700 u i s a sch ul b c pl u i hs f 2011. th n h F i a a c i u s b h ai playi u ba Ba , wi h a ly 6,700 u i s sch ul b c pl

wi hi 2011, f ll w by h Ci y a a wi h a u 5,190 uxp c ha h n h F i will c i u i ah a ly pa f h ca i u ba Ba .

fuTuRe Supply – uRbAn bAnGKoK



th av a a up a i Ba f wly lau ch u i s i Q3 2011is app xi a ly 40%. H w v u h li i a u f lau ch s i

Q3 2011 a h u c ai y a u v i c iv s, h u

b a s li l i ica i v all l a s i .si ply wai i f cla i y a i p p s i c iv p a

th av a s lli p ic f wly lau ch u i s i Q3 2011 i h Ci y a a is h hiha tHB 130,000 p sq f a al f f u p j c s, f ll w by S u h F i

app xi a ly tHB 93,000 p sq f ly s all p j c . o ly p j c was lauh ou Ci y – eas a Subu ba a a a h av a s lli p ic was app xi a ly

p sq a tHB 48,900 p sq sp c iv ly.

W h Suppli s C ., L . lau ch h i s p j c Su hu vi s i 23.r Su hu vi 23 c ai s a al f 50 u i s i h Ci y a a a s l

u i w ays. th p j c c p is s f 1 – 2 b u i s wi h u i

siz s s a i f 35 squa s a u 79.5 squah l ca i is fa f BtS As s a i a mrt Su

s a i .

TAKe-up

AveRAGe SAleS pRopoRTIon of newly lAunCHed unITS In Q3 2011

AveRAGe SellInG pRICeS of newly lAunCHed pRojeCTS by loCATIon, Q3 2011

lAunCH wITH HIGH TAKe up RATeS In Q3 2011




http://slidepdf.com/reader/full/bangkok-condominium-market-report-q3-2011-by-colliers-international-thailand 5/11COLLIERS INTERNATIONAL | P. 5



AveRAGe SellInG pRICeS of newly lAunCHed pRojeCTS by pRoxImITy To exISTInG mASS TRAnSIT lIneS, duRInG Q1 - Q3 2011

THe AveRAGe TAKe-up RATe of newly lAunCHed pRojeCTS by pRoxImITy To exISTInG mASS TRAnSIT lIneS, duRInG Q1 - Q3 2011

F h s h qua s f 2011, h av a s lli p ic f wlylau ch p j c s ha 200 s f BtS / mrt li s was

app xi a ly tHB 105,000 p sq which was hi h ha hby 13% - 65%.

th a -up a f p j c s ha 1,000 s f h BtS /mrt sys s was h hi h s , a a u 43%. P j c s l ca 500 –1,000 s f h ass a si sys ha h l w s a -up a ,

b caus h s lli p ic was si ila p j c s 200 – 500ass a si sys . th i c f a c upl f hu

hav a hu i pac h si abili y f a c i iu p j c


mASS TRAnSIT effeCT



th w h a f h usi l a s i c as app xi a ly 2.3% i Q22011 c pa wi h h s qua f 2011. this was b caus f hp vi us v ’s p licy f s -h buy s wi h 0% i s

a i h s w y a s f u i p ic s f l ss ha 3 illic i may 2011 a las f a u w hs.

Source: Bank of Thailand and Colliers International Thailand Researchn : exclu s li ibl a u s f a ci f h s u c s. P c a cha is c pa abl qua - -qua .

HouSInG loAnS foR peRSonAl ConSumpTIon exTended by fInAnCIAl InSTITuTIonS

fInAnCInG





The strong momentum regarding condominium launches has beenc c i h pas h qua s bas i i ial p lici s c l h

a a i ically c asu s, which a supp s s i ulah a , c a i u c ai y a s buy s a h f l a i

u ac ivi y f v l p s.

I is li ly ha cu i c iv s will c i u apply xis i afu u supply ha ca b c pl by h f 2012 i f s

i buy s b li ibl f ax uc i s. th f , vf cus a i a up f xis i f hc i s cp bably sul i c i u a p ac ivi y f w lau ch

The condominium market may face further headwinds if furtheral a i s a a v p licy a l bal a cial

p i a s c c ssi .

foReCAST



AppendIx




ZonInG

HISToRICAl Supply by yeAR

CumulATIve Supply In bAnGKoK




• CITY AREA

th a a c v s f u a jac bu c p i sub- a s: h Su hu vis c i c p isi Su hu vi r a b w S i 1 a S i 55 h

h a S i 2 a S i 38 h s u h; h C al Lu pi i s c ii clu i Phl Chi r a , ra a I r a , S i La sua , S i Sa asi ,Chi l r a , ra cha a i r a , Wi hayu r a a rachap asr a ; h Sil / Sa h s c i ; a h riv si s c i f i hCha Ph aya riv al Cha u r a a Cha a r a ,wh s v al v -s a h ls a l ca . th Ci y a a is c v if busi ssp s s, xpa ia s a u is s, b caus f i s p xi i y

a y c buil i s, aili a l cal a ac i s. • CITY FRINGE AREA

this a a c v s h pa s f Ba :

n rth r fri g :

This section covers the BTS route starting from Ratchathewi Station to

m Chi S a i h h a h mrt u s a i f P chabu is a i Ba su s a i h h. S th r fri g :

this s c i c v s na a hiwa ra cha a a i r a , Cha r a ,Sa hup a i r a , Cha u r a a ra a III r a al h ChaPh aya riv . east r fri g :

this s c i c v s h BtS u s a i f th L S a i onu S a i h as , ra a IV r a a P chabu i r a .

This area covers locations with their own local infrastructure andc v i a sp a i . H w v , c u i is quiacc ss h c al busi ss a ai a as.

• OUTER CITY AREA

th a a c v s w pa s f Ba :

o t r Cit (east):

this s c i s a s f h x si f h BtS u a o nh Ba b u a y h as .

o t r Cit (w st):

This section starts from the extension of the BTS route at Taksin StationBa Wa s a i , which i clu s h a a f k u th bura chaph u r a a P cha as i s c i .

• SUBURBAN BANGKOK

th s a h vi s u si h a as al a y i . eof the mass transit system is the main determinant for increasing futuresupply i a pa icula a a. th xpa si f o nu Sa u Pis sch ul b c pl i 2011. th xpa si f h Btb i c ly h su u i c i iu s, as i will c s

uc a sp a i c s s a i . this will c u a h vf w c i iu s i his a a. Subu ba Ba p s

bi s a a a f h pu p s s f his p a i cluci y’s l w (k h ra a a si a a a b u a y a a). this lhas c p h siv w pla i c ls s ic i buil i h

h a c i iu p j c s i h a a.





CollIeRS InTeRnATIonAl THAIlAndmAnAGemenT TeAm

ProJeCt SALeS & mArketIngm chai o aw paisa | S i ma a reSIdentIAL SALeS & LeASIngSu a Laws ul | S i ma a

oFFICe & IndUStrIAL SerVICeSna u r si av apha | S i ma a

retAIL SerVICeSAsha awa Wacha a | S i ma a

AdVISorY SerVICeS | HoSPItALItYJ a ma c ga | di c

AdVISorY SerVICeSnapa ti chu i a | Ass cia di c

reAL eStAte mAnAgement SerVICeSBa i Chayi u | Ass cia di c

InVeStment SerVICeSnu a Suwa i ul | Ass cia di c Wasa ra a a ijja u ul | S i ma a

reSeArCH

t y Pic | Ass cia di cSu ach k ch p | S i ma a

VALUAtIon & AdVISorY SerVICeSnich las B w | Ass cia di cPhachsa u Ph ha a u a | Ass cia di c Sa ip k aha | S i ma a Wa i a Su suwa | ma a

PAttAYA oFFICema B wli | S i Sal s ma aSupa S a ji s i | S i Busi ss d v l pma a / o c ma a

CoLLierS internationaL thaiLand:

Bangkok Ofce 17/F Pl chi C , 2 Su hu vi r a , kl y,Bangkok 10110 ThailandTel +662 656 7000fAx +662 656 7111 emAIl i f . h@c lli s.c

Pattaya Ofce 519/4-5, Pa aya S c r a (opp si C al F s ivalPa aya B ach), n p u , Ba la u , Ch bu i 20150

Tel +6638 427 771fAx +6638 427 772 emAIl i f .pa aya@c lli s.c

ReSeARCHeR:

Thailandt y PicAss cia di c | r s a chemAIl a y.pic @c lli s.c

ReSeARCHeR:

ThailandSu ach k ch pS i ma a | r s a chemAIl su ach . ch p@c lli s.c

512 c s i 61 c u i s 6 c i s

this p a h s a ch a ials ay b f u u w bsi a www.c lli s.c . h. Qu s i si f a i h i sh ul b i c h r s a ch d pa a h u b i ica ab v . thisb p pa by C lli s I a i al f a v isi a al i f a i ly. C lli s I a i

ua a s, p s a i s wa a i s f a y i , xp ss i pli , a i h i f a i ili i , wa a i s f c , accu acy a liabili y. A y i s pa y sh ul u a

i qui i s as h accu acy f h i f a i . C lli s I a i al xclu s u quiv cally all i fs, c i i s a wa a i s a isi u f his cu a xclu s all liabili y f l ss a a a

h f . C lli s I a i al is a w l wi a lia i f i p ly w a p a c pa

Acc l a i succ ss.

• A l a i al s a c sul a cy w l wi

• 2 s c iz c cial al s a b a l bally• 2 la s p p y a a• 979 illi squa f u a a• ov 12,500 p f ssi als


Documents

Bangkok Condominium Market Report Q3 2011 by Colliers International Thailand