In Q4 2017, the Bangkok condominium market grew steadily, particularly in the downtown area of the city. The number of new properties launched in 2017 overall also grew year on year by, with a 51% increase compared to 2016. Bangkok’s condominium market is likely to continue to grow in the future, given the many new mass transit lines and pipelines under construction (for example the MRT Pink Line, MRT Yellow Line and MRT Orange Line).
Looking at the period January to June 2017, Ninety percent of Phuket resort property purchases were in the range of THB 5-35 M per unit for villas and THB 8 M or under for condominiums. Investors are looking for rental yields of between 5-7% over the course of two to five years.
FRANK Legal & Tax advises and represents a foreign company in legal matters related to establishing fun parks in Bangkok, with a total investment value of approximately 200 Million THB. Our services include the incorporation of a group of companies, license applications and other related matters.
FRANK Legal & Tax advises and represents a German energy company in legal matters related to their market entry in Thailand. The client is in the process of establishing renewable energy plants (VSPP) in Thailand. Our services include company establishment, BOI application and related services.
According to CBRE Thailand, the Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter.