Office: Total office stock then rose to 9.50 million sq m, up 0.71% q-o-q. The citywide overall vacancy rate moved up to 12.69% from 8.80% in Q2.
Retail: Bangkok’s retail market showed signs of gradual recovery during 1H 2022, driven by improving demand from domestic and foreign consumers.
Condominium: Bangkok’s condominium market showed signs of recovery in 1H 2022, emerging from the unfavorable market sentiment amid the tepid economic environment of 2020-2021.
Industrial: The Thai industrial market continued to grow in the quarter, driven by increasing exports demand. Total supply of Serviced Industrial Land Plots (SILPs) remained unchanged at 205,849 rai.
Hotel: The easing of travel restrictions and quarantine requirements for international tourist arrivals commencing on May 1,2022 substantially improved market sentiment. Tourist arrivals in 1H 2022 numbered 497,690 well up on the 427,860 recorded for the full year 2021.
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