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Bangkok Condominium Market Outlook 2010: Villa Asoke Circle

Explore the growth prospects of Thailand's property market in 2010, focusing on the Villa Asoke Circle condominium project in Bangkok. Discover key insights on the economy, investment trends, and residential demand dynamics in this prime location near public transit systems.

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Bangkok Condominium Market Outlook 2010: Villa Asoke Circle

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  1. Villa Asoke Circle (Fragrant Property) Bangkok condominium market outlook

  2. Source: IHS Global Insight, October 2009 We forecast that Thailand’s economy is on the way to recovery in 2010 as well as other Asian countries such as Singapore and Hong Kong. Thailand is still one of the favorite destinations for foreign investors. However, Thai government needs to improve economy policies and stabilize its political environment in order to be able to compete with China and Vietnam to attract more foreign investment.

  3. Source: Fiscal Policy Office, Ministry of Finance, Thailand

  4. Condominium supply (units) distribution by CBD area for 3Q 2009 TCC Land Capital new project Source: Thai Condominium Association

  5. MRT- Ratchadapisek Ladprao BTS – Outer Sukhumvit New residential projects are located close to the public mass transit system which gives them one of the advantages to attract young working people tomake purchase decision. We forecast that up to approximately THB 200 billion will be invested in property development along the public transport system in 2010. We strongly believe that land near this location is very popular and the land price is going up. Airport Link

  6. Because of its large land bank and reasonable land price compared to CBD area, more and more property developers are going to build their new projects in Ratchadapisek and Outer Sukhumvit, especially after the MRT and BTS extension.

  7. Source: Thai Condominium Association • Number of new launches increases • New project completions arrive • Improved residential demand • - Global and domestic economic optimistic view • - More stable political environment • Selling prices continued to rise 1.2% overall

  8. Villa Asoke Circle (Fragrant Property) Thank you for your attention

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