Bangkok records USD38.6m worth of property transactions in Q3 | Real Estate Asia
, Thailand

Bangkok records USD38.6m worth of property transactions in Q3

This was from four real estate deals.

Four real estate transactions with a total value of USD38.6 million were completed in Bangkok in the third quarter of 2022. 

Of the four transactions, Colliers says one was a joint venture between Tokyo Tatemono and Asset Wise Corporation, while the remaining three were asset sales completed by domestic buyers. 

Here’s more from Colliers:

The Bangkok office market is on the verge of oversupply, as approximately 1.2 million sq m of office spaces are under construction and set to launch over the next three years. 

As interest rates rise and the US dollar continues to gain against the Thai baht, value-add opportunities in Bangkok are becoming more attractive to foreign investors. Colliers expects that investment sentiment will pick up during Q4 and that overseas investors will become more active and increase their equity positions. 

From a macro perspective, inflation, driven by high energy prices, remains a key risk to Thailand’s economic recovery due to its direct impact on domestic consumption. 

Expert view 

Colliers expects investment sentiment will pick up in Q4 as investors expect higher cap rates to offset increasing development and operating costs.

Follow the link for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

How Metland Indonesia deals with weaker residential purchasing power
The real estate firm continues to expand with residences that are attractive to consumers because of pricing, the ‘growing house’ concept, and sustainable features.