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NiikLeuangboriboon\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">According to <a href=\"https:\/\/www.bangkokpost.com\/business\/2182475\/bangkok-property-market-to-improve-in-2022\" target=\"_blank\" rel=\"noopener\">Bangkok Post<\/a>, Bangkok\u2019s residential market looks positive next year as supply and demand balance and foreign interest in Thai property, particularly Chinese, remains strong.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Suphin\u00a0Mechuchep, chairperson of property consultant JLL Thailand\u00a0and jury chair of the\u00a0PropertyGuru\u00a0Asia Property Awards, said\u00a0remote working flexibility would\u00a0increase foreigners\u2019 demand\u00a0for Bangkok\u2019s residential market.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">&#8220;Those working at the office for three days and at home for two days may create new requirements,&#8221; she said.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">&#8220;Growing demand will also derive from the gig economy with gig workers from other countries and digital nomads around the world.&#8221;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Bangkok continues to be an attractive option for foreign investors due to its lower cost of living.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">However, demand from foreigners will be higher once the borders are fully opened.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">&#8220;We should prepare the public health system and pandemic controls like last year, while at least 80 percent of people in Bangkok and major destinations should be vaccinated in order to build foreign buyers&#8217; confidence in a short period,&#8221; Mechuchep suggested.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">To boost property sales, aiming for the right target markets is crucial. Over the past few years, Thailand\u2019s major foreign investors have been Chinese and Singaporeans.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Kamolpat\u00a0Swaengkit, country manager of property portal website DDproperty.com, said Chinese buyers were interested in Thai property because the annual yield was over\u00a0five percent,\u00a0which was higher than those in their home countries.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">&#8220;Many Chinese are looking for a second home for their retirement. Some send their children to study in Thailand while expanding their family business in the country. Some want to relocate to do business in Southeast Asia,&#8221; she said.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Price ranges that attract Chinese buyers are those lower than THB5 million a unit (USD149,682)\u00a0which accounted for 54 percent, followed by THB5-10 million (16 percent).\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Rathawat\u00a0Kuvijitrsuwan, head of research and consulting at property consultant CBRE Thailand, said Asia-Pacific investors had more intentions to buy properties in 2021, compared with 2020.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">&#8220;Preferred regions for cross-border investment include developed Asian countries like Singapore, China and Japan, followed by emerging countries like those in Southeast Asia,&#8221; he said.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Industrial, logistics, warehouses, and data\u00a0centres\u00a0are the most preferred sectors for investment, followed by office, residential, hotel, and retail.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Vichai\u00a0Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the housing market should recover next year with local demand as the main driver.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/bangkok-ranks-as-the-best-city-to-combine-holiday-and-work\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Bangkok ranks as the best city to combine holiday and work<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">&#8220;A drop in newly launched supply this year will result in a market balance,&#8221; he said. &#8220;With the decrease in new supply, stock will eventually be absorbed and a positive sign of new supply will start next year.&#8221;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">REIC predicts that at\u00a0least\u00a080,000 units of new residential supply will be launched in Greater Bangkok next year, an increase from the 53,693\u00a0units\u00a0expected this year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<p><em>The Property Report editors wrote this article. For more information, email:\u00a0<\/em><em><a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The city continues to be an attractive option for foreigners, particularly Chinese, due to the lower living costs\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[134,1113,566,133],"class_list":["post-25272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-bangkok","tag-positive-outlook","tag-residential-market","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- 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