Foreigners buying up to 30% in Bangkok’s high-end property market: JLL

Bangkok's high-end property market
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As many as 30 percent of transactions in some of Bangkok’s high-end market are happening to overseas buyers.

These figures, covering the third quarter of the year, come from real estate firm JLL in its latest Asia Property Digest research.

It also noted a 0.15 percent rise in capital values (prices) during Q3 compared with the previous three-month period.

For the third quarter, noted a 0.15 pecent rise in Residential Capital values compared with the previous three-month period.

This data focusing on the top end of the Bangkok residential market is in line with other recent research documents.

Most notably, JLL suggested that foreign buyers will continue to provide support to the Bangkok propert sector, with Thailand property developers “ramping up” their overseas marketing efforts.

JLL’s assertion that as many as 30 percent of units sold in some high-end residential developments are being sold to foreigners is important.

It will not take much in the way of negative global headlines for this market to disappear, although any affects will very likely be short term, we think.

Gross rental rates for condominiums in Bangkok’s high-end residential market remained unchanged at THB 538 per sqm per month, according to the real estate firm.

This figure represents a 2.4 percent year-on-year rise.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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