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8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
1/17
2009 - 2010
Supply
lAuNCHES
pRICES
TAKE-up
Bangkok Condominiummarket rePort
THAIlANd
.ciers.c.th
Bangkok Condominium Market
ExECuTIvE SummARy
nw lchs Q4 2010 c s h bc c cc h sl
bl s b by vlps. ovll 2010 ps l
y h c wh v 60,000 s b lch l.
2011 s s h s y c lchs b s h xpc
spply bbbl s lly b v s vlps hs py cls h
s css. ths y wll ps v b csl.
dvlps v h bh b sbb B, wh sl b
b lch bh s. Sbb B sll s ly h wh ls
vlps h lw s h , hwv -ls vlps
h bc Q4 2010 wh y plys lch sll scl pjcs hs pv hlhy
cp h .
isss sp ccss ss s ss h h psv cs hs
ls s b lly lz cl b pbl w ls.
year end 2010 | Condominium
mARKET INdICAToRS
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
2/17
Bangkok Condominium market rePort | Q4 2010
COLLIERS INTERNATIONAL | P. 2
nwly lch s h h q 2010 slhly cs
Q3 2010 by 2,500 s. appxly 20,000 s w lch
Q4 2010. my lchs w p hl h pss Q2
b w s Q3 h c ws Q4 2010. th
l b wly lch s 2010 ws ppxly 61,000,
ly 80% cs 2009.
Sc : Clls il thl rsch
NEwly lAuNCHEd CoNdomINIum uNITS duRINg THE yEAR 2009 Q4 2010 by QuARTER
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
3/17COLLIERS INTERNATIONAL | P. 3
Bangkok Condominium market rePort | Q4 2010
ZoNINg
HISToRICAl Supply by yEAR
CumulATIvE Supply IN bANgKoK
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
4/17
CITY AREA
th cvs jc b cp sb-s: h Shv
sc cps Shv r bw S 1 S 55 h
h S 2 S 38 h sh; h Cl Lp sc
cl Phl Ch r, r i r, S Ls, S Ss,
Chl r rch r, Why r rchps
r; h Sl / Sh sc; h rvs sc hChphy rv l Ch r Ch r,
wh svl v-s hls lc. th Cy a s cv
bsss, xps ss, bcs s pxy
y c bls, l lcl cs.
CITY FRINGE AREA
ths cvs h ps B:
o Nortern Fringe: ths sc cvs h BtS s
rchhw S m Ch S h h h mrt
s Pchb s Bs s h h.
o Soutern Fringe: ths sc cvs nhw rch r,Ch r, Shp r, Ch r r iii r
l h Chphy rv.
o Eastern Fringe: ths sc cvs h BtS s th
L S o n S h s, r iV r Pchb
r,
ths cvs lcs wh h w lcl sc
cv sp b q c hv ccss h
cl bsss s.
OUTER CITY AREA
th cvs w ps B:
o Outer City (East): ths sc ss h xs h BtS
o n S h B by h s.
o Outer City (West): ths sc ss h xs h BtS
ts S B W s whch cls h k thb r rchph r Pchs
sc.
SUBURBAN BANGKOK
ths h vs s h s ly . exps
h ss s sys s h cs
spply pcl . th xps o - n S
P s schl b cpl 2011. th xps h BtS
wll b cly h s cs, s wll csbly
c sp css . ths wll c h vlp
w cs hs . Sbb B pss h
bs h ppss hs p cls B cy lw (kh rs by ). ths lc hs
cphsv w pl cls sc bl hh, s
h c pjcs h .
COLLIERS INTERNATIONAL | P. 4
Bangkok Condominium market rePort | Q4 2010
i Q4 2010 h sbb B slhly p b B
wh h hh b s lch.
Wh b B, h es F hs shw h hhs
bs wh ppxly 3,500 s, ly 31% cs Q3.
th nh F c vy cls sc.
LPn dvlp Plc. lch h Lp P rvs r 3,
w vs c pjc r 3 h ShF wh l 2,405 s hs ws h ls pjc
hs q h y s whl.
Sc : Clls il thl rsch
NEwly lAuNCHEd CoNdomINIum uNITS IN Q4 2010 by loCATIoN
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
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A COmpARISON OF NEWlY lAUNChEd UNITS BY lISTEd COmpANIES ANd NON lISTEd COmpANIES dURING Q1 2009 Q4 2010
NEwly lAuNCHEd CoNdomINIum uNITS IN CITy AREA, Q1 2009 Q4 2010
COLLIERS INTERNATIONAL | P. 5
Sc : Clls il thl rsch
r : Ls cps cl sbss
Sc : Clls il thl rsch
i Q4 2010 ls cps sll sv p h ls sh wly
lch s, lhh h b wly lch s by
ls cps cs Q3 by ppxly 1,300 s
whl wly lch s by ls cps cs by
ly 2,400 s. th wly lch s by ls cps
hs q s h hhs h ps w ys. my sll
scp h hs p h by h ls vlps b lss
w vlps c pp h s h c
p.
m h 2,500 s w lch h Cy a Q3, b h
ls q 2010 js 400 s w lch. th l b
lchs h s hl h y ws c csqc h
pss whch b Fby 2010 b ws ch p apl
my. ths ly lchs Q3 2010.
Bangkok Condominium market rePort | Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
6/17COLLIERS INTERNATIONAL | P. 6
nwly lch c s h nh F
clly cs h 4,300 s Q3 ppxly
3,300 s Q4.
oly ppxly 6,000 w c s w cpl
s h dp L Q4 2010 h l b
2010 ws ppxly 24,700 s, whch ps ll
2009 ly 15%. ths cl s fc h s h glbl
Fcl Css whch l vlps p pls hl hs s
w c h s w spply.
Sc : Clls il thl rsch
Sc : dp L, Clls il thl rsch
r : th b s s cl pjcs h nl Hs ahy
NEWlY lAUNChEd CONdOmINIUm UNITS IN NORThERN FRINGE AREA, Q1 2009 Q4 2010
SUpplY OF CONdOmINIUm UNITS 1994 - 2010
Bangkok Condominium market rePort | Q4 2010
HISToRICAl Supply
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
7/17COLLIERS INTERNATIONAL | P. 7
Sc : dp L, Clls il thl rsch
ToTAl HISToRICAl Supply by loCATIoN To Q4 2010
a 66% l c s lc h sbb
B wh l h 190,000 s. Wh h b
B , h nh F cs h s s s
pxy h c, ss s ccs lvly lw
l pcs cp h Cy a.
Bangkok Condominium market rePort | Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
8/17COLLIERS INTERNATIONAL | P. 8
Bangkok Condominium market rePort | Q4 2010
appxly 770 s w Q4 2010 s l spply
hs 23,000 s. rhly 6,600 s
schl b cpl 2011.
appxly 2,600 s w Q4 2010, sc
js v 500 Q3. ths sll s h
c pjcs h , spclly Phhyh,
rchps, a Shs r. th nh F cs
sc b BtS mrt ss, h y pblc sp
s B.
Sc : Clls il thl rsch
Sc : Clls il thl rsch
AddITIoNAl Supply pER QuARTER | CITy AREA, Q1 2009 Q4 2010
AddITIONAl SUpplY pER QUARTER | NORThERN FRINGE AREA, Q1 2009 Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
9/17
CUmUlATIvE FUTURE SUpplY SChEdUlEd TO BE COmplETEd dURING ThE YEAR 2011 2013
BY lOCATION IN URBAN BANGKOK. (AS OF Q4 2010)
Sc : Clls il thl rsch
r : Spply s cl Sbb B
appxly 25,000 s schl b cpl 2011. th
nh F cs b h ply b B
wh ppxly 10,700 s schl b cpl 2011
llw by h Cy wh l b 6,700 s. i s
xpc h h nh F wll c spply
h ly p h c b B.
COLLIERS INTERNATIONAL | P. 9
FUTURE SUpplY URBAN BANGKOK
Bangkok Condominium market rePort | Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
10/17COLLIERS INTERNATIONAL | P. 10
Bangkok Condominium market rePort | Q4 2010
th v p wly lch cs 2010 ws
56% ps cs 61% 2009. Cs h
b s lch 2010 hs b s sll bs .
th ccpcy h Sh F ws h hhs llw
by h Cy o Cy - es . th psv s h
Sh F h sl ppl wly lch pjc
LPn dvlp h Sh F . th pss h o
n-B xs l sp p h o Cy- es .
i h h q h B thl c ss clh c , wh l--vl 90 pc w
c s blw 10 ll bh s Jy 1 2011. ths
w plcy h psv c h Q4 2010, bcs
bys w lly cs by by h h
y.
Sc : Clls il thl rsch
SAlES pROpORTION OF NEWlY lAUNChEd UNITS IN Q4 2010 BY lOCATION
TAKE up
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
11/17COLLIERS INTERNATIONAL | P. 11
Bangkok Condominium market rePort | Q4 2010
Sc : Clls il thl rsch
AvERAGE SAlES pROpORTION OF NEWlY lAUNChEd UNITS IN 2010 BY lOCATION
th v p wly lch c pjcs
B h y 2010 ws ppxly 56%. th p
h nh F s h hhs llw by h Cy
sbb B . Vs cs xpl h hh bs h
nh F. my BtS / mrt ss lc hs
h sll pcs sll lw h h s l ss s l,
sch s Shv, Sl, rj Phyh r.
oyx Phhyh by Ss Plc. shw h hhs p ls 100% s 620 s wh sll pc h 90,000
bh p sq . u ss 25 sq s p 67.5sq 2 b s. th pjc s lc Phhyh r
ppxly 550 s BtS Sph kw S.
r H 13 Shv 93 by r g Pw C., L. s
lc Shv s 93 wh l 270 s h o Cy
es h h hhs p s. th bl c
ly s s js 31 sq wh sll pc lw h
1,000,000 bh p .
lAuNCHES wITH HIgH TAKE up RATES IN Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
12/17COLLIERS INTERNATIONAL | P. 12
th p pjcs 501 1,000 s BtS / mrt ws
hhs 60% sl h h l
h BtS/mrt. Whl ccss ss s s s
bys, h sll pc s ls hh h h s, s
y bys s lc 501 1,000 s
ss s s whch pss bl s.
th p c pjcs wh 200 s ss
s ss c cls 72%, hh cs h lvly
hh pcs. Hwv pjcs lc 201 500 s BtS /
mrt ls shw h lws 41%. ths s
y pjcs b lc wy h , ss
h wy ss p syss b wh sll pcs sll hh
sl pjcs lc h BtS / mrt
ls. Pjcs lc h h 1,000 s c sc ly
65% h lw sll pc pjcs.
Sc : Clls il thl rsch
Sc : Clls il thl rsch
TAKE up RATE IN pRoxImITy To ExISTINg mASS TRANSIT lINES Q4 2010
THE AvERAgE TAKES up IN pRoxImITy To ExISTINg mASS TRANSIT STATIoNS IN THE yEAR 2010
Bangkok Condominium market rePort | Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
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AvERAGE SEllING pRICES OF NEWlY lAUNChEd pROjECTS Q1 Q4 2010
SEllING pRICES OF NEWlY lAUNChEd pROjECTS BY pROxImITY TO mASS TRANSIT lINES (BTS ANd mRT), Q1 - Q4 2010
Sc : Clls il thl rsch
Sc : Clls il thl rsch
th v sll pc h Cy s sll hhs ly 110,000
Bh p sq , h v sll pc Q2 Q4 ws hh
h 100,000 Bh p sq . th o Cy Ws s h l h
w BtS xs l y pjcs hs hh-
s, h h v sll pc s hh h h s.
th v sll pc h Cy s sll hhs ly 110,000
Bh p sq , h v sll pc Q2 Q4 ws hh
h 100,000 Bh p sq . th o Cy Ws s h l h
w BtS xs l y pjcs hs hh-
s, h h v sll pc s hh h h s.
COLLIERS INTERNATIONAL | P. 13
INITIAl lAuNCH pRICES
lAUNCh pRICES : mASS TRANSIT EFFECT
Bangkok Condominium market rePort | Q4 2010
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
14/17COLLIERS INTERNATIONAL | P. 14
i svy h Jl h es as Scy tsp
Ss, Vl.8, 2009 cll ifcs Ps s a F
mss ts Sys dvlp Cs Bs C
Ssc, cs o n BtS Hy khw mrt w
s vs qss hw hy ccss h ss. Fyv pc hs lv wh l s wl h
s whl 30% b x 10% bs sw.
Wh 200 s wl s ch sc s
h h, hwv hs sc wl bcs s
h ppl b bcs ch s. i h s svy
ss hs sp w sss wh h cs s wll s
sy wh pc. ths lly ccs h c c
pc 200 s h ss s ss. i l
s h syss h ss s ss cs
p wh lw ssc h svy wh h w s, p
schl, - sps h c sws. ths s
h ll pc p sls lcs h h 200 s h ss s ls h s h
sc.
th B thl c ss cl h c
h ls q 2010, wh 90 pc l--vl l
w c s blw 10 ll bh s Jy 1
2011.
th B thls plcs wll c h cs h bys
2011, s hy hv ls 10% l vl whs 2010
s ccl bs pv 100% ls wh z w py,
hs wll ls c sll sz vlps, h
c h pchs pw bys. th l cs
s s s ls lly c s p c
lchs w.
i 2009 ls vlps h sbss cc
18,000 c s lch B b 2010 h
41,000 s w lch ps cs 122%. Js vhl h l s ls vlps w lc sbb
B wh h sll pc s lw h 3 ll bh p .
ths ws h sl ls cps s p w bs cs
h wh h lw s hs
lc h sbb B lw l pcs. ths
s y c ls cps p h h
, s pjcs ls cpy c b cv
bys wh slly b c ps b sh. Hwv
sll vlps h bc wh sl l scl pjcs.
Bangkok Condominium market rePort | Q4 2010
mASS TRANSIT THE dRAw ANd THE dRAwbACK
NEW pOlICIES FROm BANK OF ThAIlANd TO CONTROl ThE CONdOmINIUm mARKET
TRENdS
IN ThE YEAR 2010 lISTEd dEvElOpERS ARE FOCUSING
moRE IN THE SubuRbAN bANgKoK AREA ANd lowER -
mId RANgE mARKET
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
15/17COLLIERS INTERNATIONAL | P. 15
FINANCING
THE luxuRy CoNdomINIum mARKET
Bangkok Condominium market rePort | Q4 2010
hOUSING lOANS FOR pERSONAl CONSUmpTION ExTENdEd BY FINANCIAl INSTITUTIONS
luxuRy CoNdomINIum uNITS lAuNCHEd duRINg Q1 2009 Q4 2010
Sc : B thl Clls il thl rsch
n: excls lbl s c h scs. Pc ch s cpbl q q.
Sc : Clls il thl rsch
th wh hs ls cs h 3% Q3 2009
Q1 2010 bcs h vs cvs c bys
pchs s by h sc q 2010. ths bs
hs ls h p cp h ps. th
ls cs w b ss pc.
Ss Plc lch w pjc wh ppxly 140 s lc
Shv b wly lch lxy c s
pp Q3 by 80%. ths s cs b
b ply h vll c .
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
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Bangkok Condominium market rePort | Q4 2010
S ccs b h b c c
h s pl lchs c vlps v
h c y. ms vlps lch wh b h
sy h phcs c lvls s
h pcs. as sch pps h s vs c cs, spclly h lw lvls h hv ly
cly b pp s. th cy cs w l wh
v cs h sbl wll xs
pcl pcs. t p wll slc s bys h
chs plc lv. th ys y sll s bh s
whch ps lw c s.
th c pc lchs wll lss v b h c
sccss sy hs l wy .
mss s s y c c h vlps bys.
th msy tsp hs c s pl BtS
xs ls cv h B mpl vcy .
alhh h hs b bl pss s ls, y
ppy vlps ly scbl ccpy l l pl
ls schl vlp pjcs s pss l
h vc Ppl L (B S B Y) h g
L (Ww Y B W). th ss c vlps shw pjcs lvly cls ss s ls cv
bys s pv wys ss ccss ss
h hs. rl, cbl bl ps ( h
ss s s) wl b h bs wy hs hpp.
dvlps shl cs l/sp hbs s lcs
cc by c bs syss v lh l s
hs b ss by vlp.
FORECAST
COLLIERS INTERNATIONAL | P. 16
8/8/2019 Bangkok Condominum Market Report Q4 2010 Year End
17/17
CollIERS INTERNATIoNAl THAIlANd
mANAgEmENT TEAm
reSidentiaL SaLeS & LeaSing
ny Jhsvsl | m
ProJeCt SaLeS & marketing
Ws rjjl | m
adViSorY SerViCeS
np tch | m
oFFiCe & induStriaL SerViCeS
n rsvph | S m
retaiL SerViCeS
ashw Wch | S m
reaL eState management SerViCeS
B Chy | assc dc
adViSorY SerViCeS | HoSPitaLitY
J mc g | dc
inVeStment SerViCeS
n Swl | S m
reSearCH
ay Pc | S m
Sch kchp | m
VaLuation & adViSorY SerViCeS
nchls Bw | assc dc
Phchs Phh | m
PattaYa oFFiCe
m Bwl | Sls m
Sp Sjs | Bsss dvlp m
CoLLierS internationaL thaiLand:
B ofc17/F Plch C,2 Shv r, kly,B 10110 thl
TEl +662 656 7000
FAx +662 656 7111
EmAIl [email protected]
P ofc519/4-5, Py Sc r (opps Cl FsvlPy Bch), np, Bl, Chb 20150
TEl +6638 427 771FAx +6638 427 772
EmAIl [email protected]
RESEARChER:
thlay PcS m | rsch
EmAIl [email protected]
RESEARChER:
thlSch kchpm | rsch
EmAIl [email protected]
480 cs 61 cs 6 cs
th h ls ccll s svcs cpy h wl
th sc s csccl l s blblly
uS$2 bll l v
ov 2 bll sq
ov 15,000 pssls
ths p h sch ls y b wbs www.clls.c.h. Qss l
h shl b c h rsch dp h b c bv. ths c hs
b pp by Clls il vs l ly. Clls il s
s, pss ws y , xpss pl, h cl, b
l , ws c, cccy lbly. ay s py shl h w
qs s h cccy h . Clls il xcls qvclly ll pl
s, cs ws s hs c xcls ll lbly lss s s
h . Clls il s wlw l ply w p cps.
accl sccss.
u Ss: 135
C: 39L ac: 17
as Pcc: 194
emea: 95
Bangkok Condominium market rePort | Q4 2010