On November 30, All Seasons Property Co., Ltd. collaborated with the China-Thailand Business Association and Jones Lang LaSalle (Thailand) Ltd. to hold a seminar titled "Special Seminar on the Real Estate Market Situation in Bangkok." The event aimed to attract interest and participation in the real estate industry, with Mr. Huang Zhaoyang, Executive Director of All Seasons Property Co., Ltd., presiding over the opening remarks to welcome and thank the attendees. It is hoped that this seminar will facilitate the sharing of experiences and insights within the real estate business.

During the seminar, Mr. Krit Pimhatthayawut, Head of Department and Senior Director of Investment at Jones Lang LaSalle (Thailand) Ltd. or JLL, along with other executives, provided an in-depth analysis of the Thai real estate market. He revealed that for 2024, key investment trends to watch include real estate, residential properties, hotel services, logistics, retail, and office buildings.

The overall real estate market in Bangkok and its vicinity during the first three quarters of 2024 shows a continuous growth trend, particularly in the shopping mall, hotel, and luxury condominium sectors. This growth persists despite facing economic challenges, inflation, and rising interest rates both domestically and internationally, which directly impact buyers and investors across all levels of the real estate market.

Amid these macro challenges, JLL sees positive signs from new foreign investors in certain condominium segments, as well as the expansion of the tourism sector, which supports the shopping mall and hotel markets in Bangkok. The growth of household consumption and investments in the Eastern Economic Corridor are key factors contributing to the continued positive growth trend in the rental warehouse market in the near future.

Additionally, there is a noticeable movement among tenants seeking high-quality, modern office spaces that meet employee needs and align with new work styles focusing on ESG. However, a significant supply is expected to enter the market in the next 12 months, which will undoubtedly intensify competition in the real estate market.

Trends to watch include urban population growth, innovations and technologies in the real estate sector, sustainable property development, and the anticipated growth of the tourism sector during the upcoming travel season. These factors will be crucial in driving the growth of the real estate market and contributing to economic expansion in 2024.

This seminar serves as a platform for investors to better understand the Thai real estate market, enhancing their investment opportunities and enabling informed and intelligent investment decisions. Furthermore, it fosters cooperation between China and Thailand, promoting economic development for both countries in the future.