Bangkok Residential Leasing - Second Quarter 2007

The total supply of s in the center of the city was 10182 units in the 2nd quarter of 2007, representing an increase of 2.6% over one year, but a slight decrease of 0.6% over the previous quarter. The slight decline on a quarterly basis, because five apartments have been removed from our stock because they are no longer used as apartments. Two new grade A apartment projects were completed in this quarter, both in the addition of 90 units Sukhumvit area. This area remains the most popular area, where about 7194 units or 70% of the supply center apartment is located. The Riverside / Rama III area had the lowest supply, with about 5% or 508 units. The race in more expatriates in Bangkok was 70757 in 2nd place in 2007, an increase 0.7% over the previous quarter. The Japanese have always been the largest party, with approximately 21.6% of the total number of expatriates in Bangkok. It was followed by Indians, Chinese, British and American expatriates, with 11%, 9%, 8% and 7%, res! pectively. The average occupancy rate for the room market rose from 87% in the previous quarter to 89.2% this quarter, an increase of 2.3% over the previous quarter. Improved occupancy rates, because of how increasingly negligently only to the extent that the adoption of electronic commerce has continued to grow at a faster rate in the 2nd quarter of 2007. The average occupancy rate of the Class A apartments was 95.7%, an increase of 2.5% over one year, while that of Class B apartments fell by nearly 1.4% one year, it indicates that the grade A apartments are always in demand. Asking rents and reached for both rents of grade A and B housing rose in all regions except once every three months a rank Sukhumvit apartments in the area. Rents obtained per square meter for apartments in the Grade A Silom / Sathorn, Central Lumpini, Sukhumvit and Riverside / Rama III were THB 388, 414 and 386 and 337, respectively. Recently opened, the Grade A apartments will continue to enjoy high! occupancy rates and rents could also increase for these new u! nits. Su pply There were two newly completed apartments in this provision: GM height on Sukhumvit 22, which includes 56 units ranging from 3 to 4 bedrooms and Bangkok View Tower on Sukhumvit 31, which includes 34 units ranging from 3 +1 bedroom penthouse. 13 new apartments with at least 1108 units will be added to the market within the next two years. Of these, 662 units or 65% of future supply are scheduled to be completed this year. In the area of the condominium, 2 projects of 362 units were completed in this quarter. However, they could not compete in the rental market until the 3rd quarter of 2007 or later. The competition in the rental market is expected to intensify, given the continued growth in the number of condominium units that will soon close decorated. Inquiry occupancy rate rose from 86.9% in 1st divided into four equal parts between 2007 and 89.2% in the 2nd quarter of 2007. There were 9086 occupied units total of 10182 units, a larger view of 1.8% from a year ago and! 2.1% from the previous quarter. Improved occupancy rates, because of the growing only slightly while the adoption of electronic commerce has continued to grow at a faster rate in the quarter. The average tenure of an apartment Class A was 95.7% in the 2nd quarter of 2007, indicating an increase of 2.5% over one year, while that of Class B apartments was 88% a decrease 1.4% from a year ago. The Sukhumvit area reached the highest rate, with about 96.4%. There is a demand for new units lightning that meet the demands of expatriates, both in the apartment and condominium. Sukhumvit is pursuing the most popular because of its convenience and range of equipment. Overall, condominiums being pushed by the individual owners are able to achieve a higher rate per meter just as they are in reference to something else in relation to small apartments. The rent achieved for grade A condominiums remained stable in the range of THB 500-600 per square meter. Although the outlook for the tot! al supply will increase significantly this year, expatriates a! partment ens should be healthy especially if the economy improves and foreign investment increases. Some 662 new housing units should be added in the downtown area this year, bringing the total to 10844 units supply. There will also be competition from new condos earning somewhere in the residential market. In the next two years 19600 condominium will be completed and up to 50% of the new condominiums will be available for rent. CB Richard Ellis (Thailand) has grown to be a major provider of real estate in Thailand, offering a full service to be classified, including the sale and leasing of all types of property, property and facilities management, the evaluation and counseling, and research and consultation. Gift Card
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