Still room to grow after a bumper year for industry
Sometimes it seems the capital is full to the brim with new offices, condos and retail outlets, but key indicators suggest the building boom is nowhere near finished, though problems such as labour shortages might water growth down
- Published: 6 Jan 2013 at 00.00
- Newspaper section: Spectrum
Bangkok is far and away the country's main property destination, and the majority of developers remain focused on the capital. As it has been for the past few years, the condominium market continues to be the most active sector, driven by changing demographics and the spread of mass transit. The other interesting sector is retail, which has changed a lot in the past five to six years due to the proliferation of community malls.
Although limited new office supply was completed in 2012, demand has increased steadily, and the office market last year was more active than it had been for the previous few years. Therefore this is a good place to begin our review and forecast:
OFFICE MARKET
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