Owner-occupancy rates in Bangkok’s condominium market rose to 82 percent in the first five months of this year on the back of strong demand and limited new supply being introduced to the market.
Research from property consultancy Plus Property noted 82 percent of condominiums in Bangkok are owner-occupied – up from 77 percent in 2013.
The highest occupancy levels, according to the firm, were found in Phahon Yotin Road and Chaeng Wattana (pictured) – the latter as a result of proximity to government and corporate buildings.
For tenants, the lower- and mid-Sukhumvit areas from Sukhumvit Soi 1 to Soi 71 account for the highest density – with Japanese noted as being prevalent in these areas.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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If you have a news story or comment for publication about Thailand property or real estate email: andrew@propertyguru.com.sg