The property firm Jones Lang LaSalle Thailand is confident a property bubble remains impossible despite the oversupply of condominiums.
The managing director of Jones Lang LaSalle, Suphin Mechuchep, talked about the strength of the Thai property market at an Investment Expo in Bangkok.
The managing director of Jones Lang LaSalle, Suphin Mechuchep, talked about the strength of the Thai property market at an Investment Expo in Bangkok.
“The Thai property market is active, particularly condominiums in inner Bangkok, despite domestic political problems and sluggish Western economies. Thai property prices are one-tenth those in Hong Kong and Singapore, while the Thai economy remains strong and people have cash on hand. Property purchases are a way to compete with inflation, especially if it’s an investment for rent” she said.
Popular locations in the city for property investment include Narathiwat, Charoen Kung, Chan roads and Sukhumvit Road from soi 1 to 63.
The opening of CentralPlaza Grand Rama 9 and development of a new SET building on Rama IX Road makes that area ripe for more condominium growth according to the Bangkok Post.
The floods in Bangkok last year affected the property market the same way the 2004 tsunami affected prices on Phuket, but prices on Phuket are now double what they were before the tsunami.
Popular locations in the city for property investment include Narathiwat, Charoen Kung, Chan roads and Sukhumvit Road from soi 1 to 63.
The opening of CentralPlaza Grand Rama 9 and development of a new SET building on Rama IX Road makes that area ripe for more condominium growth according to the Bangkok Post.
The floods in Bangkok last year affected the property market the same way the 2004 tsunami affected prices on Phuket, but prices on Phuket are now double what they were before the tsunami.
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