Mr. Phanom Kanjanthiangtao, Managing Director of Knight Frank Thailand Co., Ltd. predicts that the residential market in Bangkok will be one of the most promising markets, with growth opportunities estimated at around 5-7% in terms of unit numbers and project value. This aligns with major project developers, most of whom still see potential for market growth and are planning to push their businesses based on the overall potential of the residential market. Meanwhile, the products and offerings next year are unlikely to change much, such as the layout of condominiums and unit sizes. However, developers will look to enhance project amenities to differentiate their projects and support sales. Most projects will adopt automated parking systems to increase parking capacity within the development, which can expand space by about 20-30% compared to traditional parking systems, along with increased use of home automation systems.

          Residential project development next year will continue to focus along the electric train lines, particularly the Orange Line, the Blue Line, and the ongoing extension of the Green Line. The market will expand into suburban areas, making it easier for residents to commute to the city and calculate travel times to their destinations. For the single-family home and townhouse market in suburban areas, the growth rate will be lower. Traffic issues remain a major concern, as single-family home and townhouse projects are located far from the electric train stations. There are very few new roads being constructed to accommodate the increasing vehicle volume and traffic. Therefore, the condominium market holds a competitive advantage due to its proximity to electric train stations and the relatively low land use for construction.

          The market for B-C grade condominiums will still primarily consist of Thai buyers. For condominiums in the Sukhumvit area, particularly near the Green Line-Bearing, and the subway-Bang Sue, there will be an increase in foreign investment from countries such as China, Hong Kong, Malaysia, Singapore, and Taiwan, while investors from other countries will be present but in smaller numbers.

Factors influencing the target group's purchasing decisions vary by market:

1. In the condominium market, buyers will primarily consider location due to the importance of commuting into the city. Additionally, project details, unit size, amenities, and price will also be taken into account.

2. In the single-family home and townhouse market, buyers will prioritize usable space, followed by project amenities and location.

          As for the trend in the industrial property market, growth will depend on government policy support, infrastructure investment, and tax incentives, particularly for the Eastern Economic Corridor (EEC) project. If this materializes, it will boost industrial market growth while attracting foreign investment. In the logistics and warehouse market, growth will be seen in terms of volume, while the office market has a positive outlook due to the limited supply entering the market. As the economy and business sector continue to expand, the demand for office space will increase, and rental rates are expected to rise steadily.

Thank you for the information from http://www.knightfrank.co.th/