{"id":38849,"date":"2016-12-22T13:36:28","date_gmt":"2016-12-22T06:36:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condos-soar-to-their-highest-off-plan-prices-yet\/"},"modified":"2016-12-22T13:39:44","modified_gmt":"2016-12-22T06:39:44","slug":"bangkok-condos-soar-to-their-highest-off-plan-prices-yet","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condos-soar-to-their-highest-off-plan-prices-yet\/","title":{"rendered":"Bangkok condos soar to their highest off-plan prices yet"},"content":{"rendered":"


\nWill the Thai capital sustain this rate of growth next year?
\nThe Bangkok skyline with MahaNakhon, Thailand\u2019s tallest tower. george photo cm \/ Shutterstock.com
\nIt appears that the Bangkok luxury home market will finish the year with crowning success.
\nAsking prices of off-plan, high-end condominiums in the city\u2019s downtown area averaged around THB219,000 (USD6,100) per square metre this year, CBRE revealed in a report yesterday. The figure represents a year-on-year increase of 4.7 percent from 2015, the property consultancy noted.
\nThirteen developments this year managed to sell individual units with prices fetching above THB300,000 (USD8,300) per square metre. \u201cWhile these transactions do not reflect the average price per square metre achieved across the aforementioned projects, such sales are encouraging,\u201d CBRE noted.
\nLuxury and super-luxury condo projects made up for only 11 percent of total launches this year however, down from 15 percent in 2015. Only 725 of units launched this year were classified as luxury (minimum price of THB10 million a unit or THB200,000 per square metre) or super-luxury (minimum of THB20 million a unit or THB300,000 per square metre).
\nMore: Why luxury real estate in Thailand remains a solid investment
\nSimilarly, launches of luxury landed homes in downtown Bangkok drastically dwindled this year to 45 units, compared with 136 in 2015. Average prices of luxury landed houses this year stood at THB55 million (USD1.53 million) though, an increase of 5.1 percent.
\nGiven the growing gulf between values of existing and off-plan properties in similar locations in Bangkok, an interest in resales is likely to pick up next year, CBRE predicted. The continued rise of land values in the metropolis will also have ramifications on luxe condo price points.
\n\u201cWhile CBRE forecasts prices of Bangkok luxury condominiums to rise over next year, in the context of continued land price appreciation, CBRE expects the growth rate to reduce, as significant price rises during the past three years serves to reduce the accessibility and, in turn, the pool of prospective purchasers,\u201d the researchers noted.
\nBangkok land prices are poised to increase by as much as 30 percent in 2017, according to real estate consultantcy Nexus Property Marketing Co.
\nRead next: Phuket Town is easily one of Thailand\u2019s most endearing enclaves
\n
\nSource : property-report.com
\nRead more…Bangkok condos soar to their highest off-plan prices yet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Will the Thai capital sustain this rate of growth next year? The Bangkok skyline with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-38849","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-a6B","jetpack-related-posts":[{"id":43506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-luxury-condo-buyers-are-excited-about-ho-chi-minh-city-this-year\/","url_meta":{"origin":38849,"position":0},"title":"Why luxury condo buyers are excited about Ho Chi Minh City this year","date":"February 9, 2017","format":false,"excerpt":"\r A seven percent y-o-y increase in luxury condo prices expected this year View towards the HCMC center and Ben Thanh market. Phong Vu Hong\/Shutterstock Vietnam is one of Southeast Asia\u2019s economic growth engines. With foreign direct investment (FDI) at an eight-year high, especially from Japan, Singapore, and South Korea,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-we-learned-about-bangkoks-residential-market-right-now\/","url_meta":{"origin":38849,"position":1},"title":"5 things we learned about Bangkok\u2019s residential market right now","date":"November 14, 2016","format":false,"excerpt":"\r Stronger resale market, fewer launches Phrom Phong in Bangkok\u2019s Sukhumvit. Image: Tooykrub \/ Shutterstock.com Bangkok\u2019s residents may still be donning somber colours following last months tragic news, but the city\u2019s property market is still relatively lively. A strong demand for condominium resale units kept the Thai capital\u2019s real estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-developer-sansiri-targets-hong-kong-buyers-with-affordable-mini-flats-in-bangkok-amid-glut\/","url_meta":{"origin":38849,"position":2},"title":"Thai developer Sansiri targets Hong Kong buyers with \u2018affordable\u2019 mini flats in Bangkok amid glut","date":"June 29, 2021","format":false,"excerpt":"\r With Thai developers struggling to dispose of a massive stock of unsold flats in Bangkok, many of them are trying to lure overseas buyers with huge discounts and bargains to whittle down the inventory and get the struggling sector back on its footing.Bangkok-listed Sansiri, one of the top three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-bangkok-retailers-competition-intensifies-both-offline-and-online\/","url_meta":{"origin":38849,"position":3},"title":"For Bangkok retailers, competition intensifies both offline and online","date":"March 18, 2019","format":false,"excerpt":"\r Developers of brick-and-mortar retail establishments in Bangkok are facing stiffer competition not just from online stores but also from peers. The Thai capital now has over 600,000 square metres of under-construction retail space, due for completion by 2023, according to a report released today by CBRE Thailand. Traditional physical\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-fall-but-supply-keeps-retail-rents-steady\/","url_meta":{"origin":38849,"position":4},"title":"Abu Dhabi office rents fall but supply keeps retail rents steady","date":"July 25, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi are coming under pressure as low oil prices force companies to cut back.Rents for average top-class offices in Abu Dhabi fell 3 per cent in the second quarter of this year to Dh1,795 per square \u00admetre compared with the previous quarter, according to property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-to-decline-further\/","url_meta":{"origin":38849,"position":5},"title":"Abu Dhabi office rents to decline further","date":"March 12, 2017","format":false,"excerpt":"\r Office rents in Abu Dhabi are expected to fall further this year as the office market continues to be hit by the mergers of some of the capital's largest companies, and lay-offs in the oil and gas sector.According to research by property broker CBRE, office rents in Abu Dhabi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/38849"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=38849"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/38849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=38849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=38849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=38849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}