Office: The Bangkok office market merits close monitoring, with a huge volume of new supply due in the next five years. The total of approximately 1.8 million sq m will come from many prime land plots in the city.
Industrial: Despite the drag on the market from the economic headwinds, changing lifestyle habits, e-commerce, food and logistics businesses have grown rapidly and have positively impacted the market this year.
Retail: Shopping malls started to resume operations in May, but CRD footfall in 2H 2020 was still unable to recover to normal levels as international visitors are a key driver of purchasing power in the CRD. The retail market still needs close monitoring, with change possible at any time while the global pandemic remains active.
Condominium: The Bangkok condominium market has been hit both by declining demand and the impact of the COVID-19 crisis in 2020. The volume of new stock in the year recorded a five-year low of 8,600 units from 47 projects, compared to an average of 39,000 units per year.
Learn more by clicking our most recent Bangkok MarketBeat reports below.
