{"id":3079,"date":"2019-05-16T10:03:39","date_gmt":"2019-05-16T10:03:39","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3079"},"modified":"2021-06-04T14:24:32","modified_gmt":"2021-06-04T07:24:32","slug":"brace-for-bangkok-condo-market-slowdown-analyst","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/brace-for-bangkok-condo-market-slowdown-analyst\/","title":{"rendered":"Brace for Bangkok condo market slowdown: analyst"},"content":{"rendered":"<p>The scales are tipping toward oversupply as market observers await equilibrium<\/p>\n<figure id=\"attachment_3080\" aria-describedby=\"caption-attachment-3080\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3080\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_748811014.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_748811014.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_748811014-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_748811014-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3080\" class=\"wp-caption-text\">Sunset scene of modern office buildings and condominiums around Lumpini Park, Bangkok. Travel man\/Shutterstock<\/figcaption><\/figure>\n<p>The condominium market in Bangkok is set to decelerate this year although opportunities in certain locations remain, a leading analyst told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-15\/bangkok-s-empty-condos-create-buyer-s-market-as-foreigners-flee\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>.<\/p>\n<p>\u201cWe believe the market is entering an equilibrium stage where prices will be adjusted to a more realistic level,\u201d Aliwassa Pathnadabutr, a managing director of CBRE Thailand, said.<\/p>\n<p>Her prognostications come as Thailand implements macro-prudential regulations designed to curb search-for-yield behavior in the property market. At this junction, opportunities may emerge for property seekers and investors as developers look to clear excess stock at low prices.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/thai-industrial-real-estate-gains-from-us-china-trade-war\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Thai industrial real estate gains from US-China trade war<\/strong><\/a><\/p>\n<p>A total of 454,814 residential units across the country were unsold in 2018, Bloomberg reported, citing data from Sopon Pornchokchai, president of the Agency for Real Estate Affairs Co. The properties had a combined value of USD41 billion.<\/p>\n<p>In Bangkok alone, developers are reporting take-up rates of 55 percent while average asking prices are decreasing six percent year-on-year, a Knight Frank report showed via Bloomberg. However, 65,000 apartments were added to the Thai capital last year, the biggest influx of supply since 2009 and 11 percent bigger than 2017.<\/p>\n<p>But \u201cask anyone who\u2019s been in property how many times they\u2019ve heard the bubble will burst?,\u201d Frank Khan, Knight Frank Thailand\u2019s head of residential, told Bloomberg. \u201cI\u2019ve heard this more than 10 times, but in my last 15 years, it\u2019s never burst.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The scales are tipping toward oversupply as market observers await equilibrium\u00a0<\/p>\n","protected":false},"author":8,"featured_media":20061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[134,133],"class_list":["post-3079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bangkok","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brace for Bangkok condo market slowdown: analyst | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/brace-for-bangkok-condo-market-slowdown-analyst\/\" \/>\n<meta property=\"og:locale\" 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