Bangkok Serviced Apartment Q4 2010 Year End

8/7/2019 Bangkok Serviced Apartment Q4 2010 Year End

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2009 - 2010

Supply

rentalS

Occupancy

Bangkok Serviced apartmentmarket report

thailand

.os.o.

Bangkok Serviced Apartment Market

executive Summary

th y 2010 ws ul h s B s uy

s lu u h ss al my. alhuh h u Q3 2010 h

us Q4 shw h uy s bu h s w h hs wll b

2011.

cl Lu ws h y wh s s bh uy l

s. th ss y h h ’s s u l u

ss wll lly uh h ly.

Suly ws w h 2009 u bu h s sul bsb h su suly

2009; 2011 s x hl s u w us hus xb

u bls.

th sl l s h h L Suhu whh us shw h

hhs uy ll s. ths ul b h sy l s

s us h cl cBd y ss u l

sus.

S s u h wh hls h sh sy .

i suh hll s h wll l w h us suh s l

us hyb s/s. Hw h s b quly s

s B wll b j ll sh hs ul s.

year end 2010 | SerVICed apartmemt

market indicatOrS



Bangkok SerVICed apartment market report | Q4 2010

COLLIERS INTERNATIONAL | P. 2

n z s s s xss thl

h clls il thl hs lss h bs

us , whh suy s blw.

Grade aL ls luxuy sl s. Fush

xlly hh s. o l ls s

sl Luxuy U Sl hl. m by l

b bl ll b.

Grade B

Usully l h bu ls lss ls. Fush

hh s bu usully s l ls y

ss sl U m Sl hl. m by lw-

l s .Grade c

L sy ls. Fush bl, bu

luxuus, s. Fw ss ls s, sl

h m-sl ey hl.

GradinG

ZOninG

th s b s s

:

• Central CBD

ths s h h sss Sl, Sh, Suw, S phy

r 4 r s wll s h ss bw, suh s S Sl,

S c, S p.

• Central Lumpini Area

th cl Lu s h s l r i, rj, Wlss,

plh, Lsu, phyh phhbu rs, s wll s h

ss bw, suh s S Lsu S ruu.

• Early Sukhumvit Area

ths s h s Suhu r bw S 1 S 35 h

h S 2 S 24 h suh.

• Late Sukhumvit Area

ths s h s Suhu r bw S 37 S 77 hh S 24 S 50 h suh.

• Southern Fringe Area

ths s h h shs l h b h ch phy r

chu r. nhws rh r r iii

r l hs .

• Other Areas

ms h g B & c s s s

ss h y lu phyh, phhbu, rhs,

m, S B rhh r.


http://slidepdf.com/reader/full/bangkok-serviced-apartment-q4-2010-year-end 3/12COLLIERS INTERNATIONAL | P. 3


hiStOrical Supply By year

additiOnal Supply in 2010 By quarter

Su : clls il thl rsh


F h s hl 2010 ly u 20 s us w

, h u 180 us w sul Q3 2010, bu

xly 340 us w Q4 2010. Suly ws u

ls, cl Lu, ely Suhu, L Suhu oh

s. tl suly s us s 2010 ws

xly 16,300 u 125 s.

al suly Q4 ws xly 340 us l wsuly 2010 ws u 550 us, lw h h s bus

s s js w ly h ls qu

hs y x y, u h hl su u h al my ll ss h .

hiStOrical Supply



S 1995 u ul w, ely Suhu hs b by h

s ul s s. alhuh ss s sys

xs ul h 1999, h l ws Js

xs h hs ws h bulw h s. oh

s h ls w bu lw jy. i h s w ys

h L Suhu hs b w l slly

u h s th L s shbl s.

oll Suhu s b ss hl ll

s us B wh ly 40% l suly

b l ely Suhu . th x s ls,

, l ls s s lu l

sy Suhu.



Supply By lOcatiOn


percentaGe Of Supply By lOcatiOn




percentaGe Of Supply By Grade

Su: clls il thl rsh

nly hl l suly s h B y B whl jus h s a.

Supply By lOcatiOn and Grade

Su: clls il thl rsh

th sbu s s s l

bs h ul l h . cl Lu s

y l bsss s h s s b h s sus

l l s suh s a us. L Suhu

ls s a us u h l ub

luxuy b s th L h l

Js uy h. ely Suhu s h B

s s s uus, lx l whh ls

xls h l U Sl h h Luxuy hls. th

‘oh’ s c us u h s

h .



m h 1,900 us shul b l 2011. th

s s u b l h s u h

hhly s ls hs hs l h

s w js, slly l Suhu .

Suhu wll h jy w suly h x ys.

m h 620 us wll b l ely Suhu

xly 525 us L Suhu . th s

ly h uly hs s sl s bu ls h

h l l s lw h h l ls s

ls h BtS l.

a uy s Q2 ubl u h al myss. ths s ly sul sh uss ll bu ls

y l sys, slly Js, l thl s

h . Whl uy s s b Q3

2010 hy h s ls h u h ll b

h s a s. th hly ss shul b s h s u h ub uss.

Hw hs hs b sl s uy. Hh

s uss hs h y u h y

bls h y hs hs ul s.

Su: clls il thl rsh

Su: clls il thl rsh

expected future Supply in 2011

Occupancy fOr BanGkOk Serviced apartmentS On BOth extended Stay and cOrpOrate hOuSinG SuB-SetS

COLLIERS INTERNATIONAL | P. 6

hiStOrical Occupancy rate




Occupancy rateS By lOcatiOn

numBer Of expatriateS in BanGkOk, q4 2010

Su: clls il thl rsh

Su : o F Ws as (W p), d ely

th msy Lb clls il thl rsh

r : ab s lu L, Bus cb zs

e = es by clls il thl rsh

i ll ls uy ll u Q2 2010 bu w u

s s h hs h xy h s

. th cl cBd cl Lu su h s. i

bh hs s uy hs s u slly h cl

cBd bu cl Lu sll s qu ss s bh

h ubs Q1 2010. th ss y h h

us sy hs . Hw h su s bh h L

Suhu whh bs h bs uy s huhu

h y. th s b sly shbl, slly

th L wh sy ss h BtS w h a L; bu

wy ubl

exs s h y su h s

u l sy . th lbl ss

x ubs B sly 2009, u h

ub by u 15,000. th ub xs B Q1

2010 s y slhly ls y, bu Q2 2010

h 10,000, u h ll bls h B.

Hw Q3 – Q4 2010 h ws s bu h l ub s

sll sl 2009 blw 2008 h glbl Fl css

(gFc).

demand driverS





a h ss Q2 w s ssu u Q3 - Q4

2010 whh s s w b

wh lbl y.

th Js sll s h ls u xs B

ls h u s s wh s

h sy l Suhu . oh ls h

lw y b h l s s s wul b

by h.

Su : o F Ws as (W p), d ely

th msy Lb clls il thl rsh

r : th b s lu Ls, Bus cbs

e = es by clls il thl rsh

Su : o F Ws as (W p), d ely th msy Lbu

clls il thl rsh

new wOrk permitS iSSued in BanGkOk durinG 2004 – 2010 By quarter

prOpOrtiOn Of expatriateS in BanGkOk, q4 2010



th s s w s sub-ss

s us; hus x sy.

c hus s lly h hs s

xs s wh s w ss. thuhu h

wl l hs s h s hs y s usully b us h glbl dsbu

Syss (gdS) suh s aus h l sh sy

hls ls. i w hs s s h wl

us hs s. is hy us l s

suh s , wbss sl ss u h

lss z ul lsh bw h l

sy us h . o h h h thl,

ub s s us h gdS syss whh wul l h x sy , us

busss ls uss.


demand frOm extended Stay and cOrpOrate hOuSinG SuB-SetS

rental rate

rental rate fOr One BedrOOm unitS By lOcatiOn, q1 – q4 2010


th ss rjs s ly h uy

l Q2 2010. th l cl

Lu s by ly 20% Q2 hs hs

lw lls. i h hs s uh s

s h us h y. i h Q4 2010 l

cl cBd s xly 7.4% Qwhl h s

sl Q3.




th l a u h B by xly 1.7 – 12.7% y.


rental rate Of Grade a and B By rOOm type, q4 2010



th s s w bls. o

s h ub xs, slly J h h s busss

us ss B. th ub ss h

s s s w usl y ss b sl

xs thl h s s s. Hw h us B s

y ss s h y fs h l s us

suu by l sh sl w s.

dul s h usy l h slly lh slw

w suly s h us 2011.

th u l Lu ss b wy L

Suhu s h w shbl s whh

sy. Js by u y uus ss l

ss hs hs lly l s l wy

Lu. i us ls b s h l wh sy s

s s l sy uss h s; jy h

suy h h u ls.

i h b ssu h hs wh uy s s

lly b ss l su. Wh

ss h hy l s b u us hs

s lly u b h h sbluu.

th ly ss b by h u h s sl.

th s busss s h s u s

h sh ll l bs. i lh hs h

s wh h su wh hss l h

s suh s l us, bbyb s hyb hl/

ls.

fOrecaSt




cOllierS internatiOnal thailand

manaGement team

reSidentiaL SaLeS & LeaSing

nuy Juhssul | m

oFFice & indUStriaL ServiceS

nu rsh | S m

retaiL ServiceS

ashw Wh | S m

adviSorY ServiceS

n thu | ass d

reaL eState management ServiceS

B chyu | ass d

adviSorY ServiceS | HoSpitaLitY

J m g | d

inveStment ServiceS

nu Suwul | ass d

Ws rjjuul | S m

reSearcH

ay p | ass d

Suh kh | S m

vaLUation & adviSorY ServiceSnhls Bw | ass d

phhsu phhu | ass d

pattaYa oFFice

m Bwl | S Sls m

Su Sjs | S Busss dl

m / o m

CoLLIerS InternatIonaL thaILand:

B ofc 17/F plh c,2 Suhu r, kly,B 10110 thl

tel +662 656 7000

fax +662 656 7111

email .h@lls.

p ofc 519/4-5, py S r (os cl Fslpy Bh), nu, Blu, chbu 20150

tel +6638 427 771fax +6638 427 772

email .y@lls.

reSearcher:

thlay pass d | rsh

email y.@lls.

reSearcher:

thlSuh khS m | rsh

email suh.h@lls.

480 s 61 us 6 s

•th h ls ll s ss y h wl

•th s s sl l s blblly

•US$2 bll ul u

•o 2 bll squ u

•o 15,000 ssls

ths h sh ls y b u u wbs www.lls..h. Quss l

h shul b h rsh d h ub b. ths u hs

b by clls il s l ly. clls il s

us, ss ws y , xss l, h lu, bu

l , ws , uy lbly. ay s y shul u h w

qus s h uy h . clls il xlus uqully ll l

s, s ws s u hs u xlus ll lbly lss s s

h . clls il s wlw l ly w s.

al suss.

U Ss: 135

c: 39L a: 17

as p: 194

emea: 95


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Bangkok Serviced Apartment Q4 2010 Year End