Some of the facts below will not come as much as a surprise to industry veterans, however for the average consumer the continuing rise of resale prices in Bangkok, for example, may be somewhat of a surprise.
Not everyone has the time to read every fact or statistic that comes out of the numerous research reports and data that are generated each and every month, so we have highlighted seven of the most amazing and interesting facts that have been reported so far this year.
- The most expensive land in Thailand, at THB 437,500 per sqm, is at Siam Square, Chitlom and Ploenchit. Prices in these locations grew by 3.5 percent in 2014 after a 4.6 percent rise a year earlier. (Source: Association for Real Estate Affairs).
- Asking prices for resale properties in downtown Bangkok rose by 6.1 percent year-on-year for the 12-month period ending March 2015. (Source: CBRE Thailand, Q1 2015 Market Report).
- Approximately 56 percent of newly launched units during the first three months of 2015 were transacted at less than THB 100,000 per sqm. (Source: Colliers International, Q1 Market Report).
- More than 90 percent of tenants who rent residential properties in Bangkok with rents of more than THB 20,000 per month are expatriates. (Source: CBRE Thailand, Q1 2015 Market Report).
- A massive 70 percent of all condominium units currently under construction in downtown Bangkok are one-bedroom units or smaller. (Source: CBRE Thailand, Q1 2015 Market Report).
- Between 30 percent and 40 percent of units if the majority of new condominium developments in downtown Bangkok have been sold to buy-to-let investors. (Source: CBRE Thailand, Q1 2015 Market Report).
- The average take-up rate of new property units in Bangkok’s central business district during Q2 2015 was registered at 60 percent. (Source: DTZ, Q2 2015 Market Report).
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