Bangkok One Of The Top Cities In Momentum Index

29 มี.ค. 2561

Bangkok One Of The Top Cities In Momentum Index

A new ranking from JLL shows that Bangkok is one of the best cities in the world for short-term socio-economic and commercial real estate momentum. The Thai capital finished in 28th spot on the 2018 City Momentum Index (CMI), which ranks the 30 best cities globally.

In order to produce the rankings, the CMI tracks several factors to identify cities that possess the attributes for success over the short and long term. A total of 131 cities across the globe are measured by JLL.

Asian cities showed the most short-term momentum on the index and placed well on the CMI. The top 3 cities were all from Asia with Hyderabad finishing 1st, Bangalore in 2nd, and Ho Chi Minh City landing in 3rd spot. Manila, Jakarta, Kuala Lumpur, and Bangkok were the cities in Southeast Asia to finish in the top 30 of the report.

“Asia Pacific’s cities continue to experience phenomenal rates of change as they serve expanding domestic economies and act as gateways to the world’s fastest-growing region for global investment and trade. Robust growth is contributing to real estate market momentum across the region, with significant levels of construction as modern stock is built to meet demand and record levels of commercial real estate investment in 2017,” says Jeremy Kelly, Director for Global Research at JLL, in a press release.

Cities in Southeast Asia have substantial growth potential and are key expansion markets for many international companies. At the moment, some of them have issues that need to be worked out before they can move up higher on the list.

“Rapid growth can also lead to issues such as strains on infrastructure, affordability constraints, and environmental degradation. In order to maintain their growth over the longer term, Asia Pacific’s cities will need to focus on future-proofing their markets through improved live ability and affordability, regulatory transparency, and physical and technological infrastructure,” says Kelly.

More insights about Bangkok property market, check out DDproperty Property Index Report and DDproperty Property Market Outlook Report and find out how much you can afford for  your new house, try our mortgage calculators . 

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