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Bangkok benefiting from regional market renaissance, says study

Article Date : Thursday, May 31, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Growth in the Asian-Pacific countries is "robust" thanks to new business and corporate expansion, a new property report has found.

According to the latest Jones Lang LaSalle Asia-Pacific survey, the property market in Bangkok is in line with the region's overall market strength, despite political and economic uncertainty in Thailand.

The research shows that strong market fundamentals have not only helped to drive up rents in Bangkok but have prepared the ground for a strong performance next year, especially if the forthcoming general election dampens down political strife.

"Rents are likely to stay buoyant with new supply low in the short term," Jane Murray, head of Asia-Pacific research at Jones Lang LaSalle, told the Thailand Real Estate & Property Guide.

Research by the firm has shown that return rates in the Bangkok property market range between six and ten per cent.

The Bangkok Post recently reported that although the Thai capital has seen a decline in sales, the market has managed to resist a significant price decline, while some premium sector prices are rising.
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