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DDproperty Thailand Property Market Index Report Results

Thu, 06 May 2021 10:03:06 +0700

Buying a home is one of the most difficult decisions of our lives. It is also likely to be the most expensive decision. When committing to purchasing a home, it is important to make an informed choice, so that the decision can be made confidently.

DDproperty wants to help make this process easier for homebuyers, because we are all potential homebuyers and homeowners too. We created this report to help Thais better understand the movement of the property market, so that buyers can offer reasonable prices in line with market sentiments, or try to time their purchases better.

As the Kingdom’s leading online real estate portal, DDproperty processes a vast amount of real estate data daily, providing us the necessary data to crunch, and deliver in-depth insights to all Thai homeseekers.

DDproperty Thailand Property Market Index Q2 2021

The Price Index decreased slightly to 190, from 197 in the first quarter of the year. Continued economic slowdown, COVID-19 pandemic, and price wars in Bangkok’s condominium market were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q1 2021

The Price Index decreased slightly to 197, from 201 in the fourth quarter of the year. Continued economic slowdown, COVID-19 pandemic, and price wars in Bangkok’s condominium market were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q4 2020

DDproperty Thailand Property Market Index Q4 2021

The Price Index rose slightly to 201, from 198 in the third quarter of the year. Continued economic slowdown, COVID-19 pandemic, and price wars in Bangkok’s condominium market were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q3 2020

The Price Index reached its lowest level of 196 points in the second quarter of the year. Continued economic slowdown, COVID-19 pandemic, and price wars in Bangkok’s condominium market were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q2 2020

The Price Index reached its lowest level of 204 points in the first quarter of the year. Continued economic slowdown, high level of household debt, and COVID-19 pandemic were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q1 2020

The Price Index reached its lowest level of 207 points in the final quarter of the year. Continued economic slowdown and high level of household debt were among the factors suppressing the Price Index to reach a point that is attractive among buyers. Download the full report.

DDproperty Thailand Property Market Index Q3 2019

DDproperty Property Index Q3 2019

The price trend of residential property in Bangkok has remained the same for the 3rd quarter of 2019 from the previous quarter at 221 points. Download the full report.

DDproperty Thailand Property Market Index Q2 2019

DDproperty Property Index Q2 2019

The property price trend in the 2nd quarter of 2019 has dropped from the previous quarter. The recent DDproperty Property Index reveals the Price Index has slightly declined from 224 points in 1Q19 to 221 points in 2Q19. Download the full report.

DDproperty Thailand Property Market Index Q1 2019

DDproperty Property Index Q1 2019

The price of residential properties in Bangkok has adjusted higher from the fourth quarter of 2018. The Price Index has increased by 12 points to 224 points or by 5%, compared to the previous quarter. Download the full report.

DDproperty Thailand Property Market Index Q4 2018

DDproperty Property Index Q4 2018

In 4Q18, the Median Asking Price for Bangkok residences remained stable QoQ. YoY it increased by 3% in 2017 and 17% the year before. These increases can be attributed to higher land prices especially plots in close proximity to the mass transit lines. Download the full report

DDproperty Thailand Property Market Index Q3 2018

DDproperty Property Index Q3 2018

The Price Index for residences in Bangkok dropped slightly from 2Q18. According to DDproperty Property Index’s latest edition, the Price Index in Bangkok dropped to 212 points in 3Q18 from 215 points in 2Q18, approximately 1% lower. However, overall the Index has enjoyed upwards growth since it has increased by 6% YoY. Download the full report.

DDproperty Thailand Property Market Index Q2 2018

DDproperty Property Index Q2 2018

DDproperty Property Index rose to 215, from 213 in the first quarter of the year, reflecting a growth in pricing driven by the increased cost of land. Higher property prices are evident not only in the Central Business Districts (CBDs) or New CBDs, but also in surrounding city fringe areas, as well as other provinces in Greater Bangkok. Download the full report

DDproperty Thailand Property Market Index Q1 2018

DDproperty Property Index Q1 2018

DDproperty Property Index saw prices for residential property in Bangkok continue their upward trajectory in 1Q18.The Index has increased significantly quarter-on-quarter (Q-o-Q) from 205 to 213, due to rising costs from developing projects in densely built-up areas including the Central Business Districts. Download the full report

DDproperty Thailand Property Market Index Q4 2017

DDproperty Property Index Q4 2017

Prices will continue to rise, with supporting factors including the government’s ongoing spending on infrastructure both in metropolitan Bangkok and up-country, while growing demand from overseas buyers will also prop up continued increases in price. Supply will remain at high levels due to slower take-up rates, which is expected to continue in 2018. Download the full report

DDproperty Thailand Property Market Index Q3 2017

DDproperty Property Index Q3 2017

The current real estate market in Bangkok remains optimistic for seller as the Index continues growing (q-o-q). However, buyers can still take advantage of the low interest rates and magnetic discount and competitive promotional campaigns offered by developers. Download the full report

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

Receive the latest property news on email from Thailand’s No.1 property website here, or read more project reviews

Properties fit for millennials.

Wed, 19 Sep 2018 05:36:33 +0700

Developers have been quick to respond to the changing needs of purchasers. Whilst some are solely focusing on the upper echelons of the market where investors are not affected by economic factors such as household debt enabling luxury condominium sales to walk out of the door, other developers are cottoning on to the needs of the millennials who are shaping homes and workplaces of the future.

Since it is safe to say that millennials thrive on flexibility, there is a steer away from the traditional nine to five. Working hours and even location are less rigid. Consequently, many millennials look for a place to live which they can also work from and embrace leisure activities too. As property prices have ramped up, homeownership for many has become out of reach as reflected in the DDproperty’s Consumer Sentiment Survey H1 2018 that echoes that there is a real appetite for affordable housing from this demographic. >>Home Buyers Feel Property Prices Too High, Needs Issue Controls On Real Estate Prices

Pruksa Real Estate Public Company Limited identified this niche in the market and filled it nicely with Chapter One Eco. Not only does this condominium adhere to a slick Scandinavian design, but it gives residents ease with a co-working space, bike track and even home theatre. The icing on the cake is its price point, thus being crowned Best Affordable Condo Development (Bangkok) in the PropertyGuru Thailand Property Awards 2018.

Chapter One Eco emphasizes that whilst affordability is key it should not come at the expense of the overall look. The design is of utmost concern and simply building an affordable but unexciting condominium won’t do. This notion is exemplified at The Cuvée by Chaopraya Mahanakorn Public Company Limited that won the Best Affordable Condo Architectural Design (Bangkok). The judges appreciated the design that cleverly combines the curves of the Chao Phraya River within its structure, enabling the towel to; “Feel dynamic and futuristic, and yet at home in Bangkok’s exciting urban landscape.”

Co-working spaces have risen in popularity in recent years to cater for the changing ways in which we work which is heavily driven by millennials. Enabling freelancers and entrepreneurs an office like environment without having to commit to a long lease. Spaces Chamchuri Square by Spaces fits this bill exactly prompting it to secure the highly coveted Best Co-Working Space Development Award. Spaces pride itself by creating an environment conducive to networking as recognized by the judges who noted how; “The developers’ intent was for the users and tenants to network within the building and create a collaborative atmosphere”. The perfect blend for like-minded people to flourish by working alongside one another in a flexible and creative setting.

>>Click More… Niche developments find their groove in Thai real estate

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 .

Bangkok's Property Market Continues To Show Price Growth

Mon, 14 May 2018 03:54:25 +0700

A strong opening for 2018, this growth is on the back of an improving economic outlook and an expected increase in Gross Domestic Product (GDP) this year to 4.2 percent (up 0.3 percent y-o-y), and in part due to the rising cost of developing projects in the popular but densely built-up areas in Bangkok.

Bangkok’s property market continues to show price growth with an eight-point increase in the DDproperty Property Index from 205 to 213 in the first quarter of 2018. The Index increased by 213 percent in the last three years, fuelled by escalating land prices, which are in turn dictating the type of projects being built. As a result, affordable residential projects are shifting to the city fringe and suburb areas, especially along the mass transit extension lines.

Mrs. Kamolpat Swaengkit, Country Manager for DDproperty.

“The sophistication of Bangkok’s property market is more apparent now than ever,” said Mrs. Kamolpat Swaengkit, Country Manager for DDproperty. “As values continue to move upwards, property’s reputation as a valuable investment asset strengthens further. Developers are therefore taking note and it is no wonder that the year has welcomed joint ventures between local and foreign developers eyeing potential across the city. They have become a lot more selective on the kinds of projects they work on, with the focus on building the ‘right’ property for the location and ensuring it is suited to its target audience. We have seen a real shift in the market with this renewed attention to detail.”

Chatuchak, The Top District For The Price Increase

The market has also been shaped by several external factors, with infrastructure being one of the most important and the ongoing development of the country’s public transportation networks pivotal to future values.

“The government continues to inject investment into mass transit networks, opening up new corners of Bangkok and even further afield. I am sure we will continue to see a flurry of activity along these routes as investors plan to cash into the capital appreciation brought about by infrastructure growth. Nowhere is this more apparent than Chatuchak, a district that continues to lead the pack. Here our Index shows growth of 10 percent since the last quarter of 2017, and an eye-watering 80 percent over the last three years. The extension of the BTS Green Line is the primary catalyst for such rapid price appreciation,” Mrs. Kamolpat explained.

Neighbouring Din Daeng, is also one to watch showing an impressive price increase of 39 percent over one year.

Price Trend In DDproperty Property Index Q1 2018

Condominiums Generated The Highest Volume Of Supply In Bangkok

Supply has ramped up a few notches too. The DDproperty Property Index saw an 11 percent increase in the first quarter of 2018. Developers announced new project plans at the beginning of the year with condominiums making up 89 percent of this supply. This property class has become popular among developers due to better profit opportunities, as multiple units can be packed into one plot of land unlike landed houses.

Watthana remained the district with the highest supply volume for condos, accounting for 23 percent of all condo supply, followed by Klongtoey and Ratchathewi.

Meanwhile, Lat Prao and Prawet had the highest supply of townhouses and single-detached houses respectively in the first quarter of 2018.

“At the moment, buyers have considerable choice. Developers are trying to entice them to dig into their pockets by offering attractive promotions on their properties, which keeps the market moving forward. Coupled with the existing low interest rates and the potential for capital appreciation, we do not think that oversupply will be a concern going forward,” Mrs. Kamolpat concluded.

See the full DDproperty Property Index report

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Bangkok’s housing prices remain on the rise 100% growth in 3 years

Mon, 26 Feb 2018 04:35:36 +0700

The DDproperty Property Index reveals Bangkok’s residential property price trend remains positive. This is in line with the economic recovery and improved purchasing power in Thailand. Bangkok’s residential property prices increased throughout 2017 and have risen by over 100 percent since 2015.

The quarter-on-quarter (Q-o-Q) growth rate to end the year was slower than in previous quarters as the whole country was still in mourning period. In the last quarter of 2017 (4Q17), the Price Index climbed up from 199 in the previous quarter to 205, a 3 percent Q-o-Q increase.

Kamolpat Swaengkit, Country Manager for DDproperty

Bullish price increase during the last 3 years
Since data was first collected in 2015, the Index tracking residential prices has recorded an impressive growth of 105 percent. Looking across different property types, condominium prices (per square metre) remain the highest when compared to landed properties, including single-detached house and townhouse prices. The Index for condominium prices reached 154 in 4Q17, a 54 percent increase from 1Q15. Townhouse prices showed market beating growth in 4Q17, rising 7 percent Q-o-Q and 14 percent Y-o-Y. Examining price segments further, the Index for prices above THB15 million showed the highest growth with a 12 percent increase Y-o-Y and 39 percent growth in the past two years.

Chatuchak was the district with the highest growth Q-o-Q at 5 percent. Meanwhile, Bangna surpassed Phra Kanong to record the 2^nd highest growth in 4Q17 with a 3 percent increase. The Index showed a 75 percent price increase in less than 3 years for Bangna making the area to watch in the long term.

“Overall residential property prices are tentatively set to continue appreciating as progress on mega infrastructure projects continues. Meanwhile, the 20-Year National Strategy (from 2017-2036) is expected to help stimulate residential developments in Bangkok and other cities, especially those in the Eastern Economic Corridor (EEC),” said Kamolpat Swaengkit, Country Manager for DDproperty, Thailand’s No.1 real estate portal and a part of PropertyGuru Group, Asia’s foremost online property company.

Top 5 districts for property supply in Bangkok

Condo supply dominates the market
The Supply Index showed a 7 percent decline in 4Q17, with the Index falling to 240. Developers moved to reduce supply in the market by using attractive promotions and special offers to stimulate demand.

Condominiums account for the highest volume of supply in Bangkok making up around 88 percent of the overall residential supply in 4Q17. Landed residential properties, such as single-detached houses and townhouses, made up a much smaller proportion of supply in the market. A possible reason for this is that landed property is often purchased for living, rather than for resale or investment.

Wattana was the district with the highest supply volume of condominiums in the last quarter of 2017, while Lat Prao and Khlong Samwa saw more townhouses and single-detached homes enter the market respectively.

No sign of oversupply in 2018
The Index expects to see an increase in supply as a high amount of new inventory from both big and small developers are scheduled to enter the market this year. However, the property market is expected to recover slowly as household purchasing power remains under pressure from high levels of debt. Despite this, residential market oversupply seems unlikely.

“Supply will remain at high levels as many developers have several new projects in their pipeline for 2018 while take-up rates are still low. However, we don’t think this would lead to an oversupply issue as developers are monitoring the situation closely and are ready to calibrate supply, in order to maintain desired price levels,” noted Kamolpat.

“Sellers will benefit from increasing prices in the current residential property market in Bangkok. The Index has grown over 100 percent in less than 3 years. However, buyers can also take advantage of low interest rates and competitive offers from sellers and developers, who are under pressure to reduce their remaining units and release new inventory into the market,” she concluded.

To download the full report, please click here

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

Receive the latest property news on email from Thailand’s No.1 property website here, or read more project reviews