Pattaya City Condominium Market Report H2 2010 Year End

8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End

1/12

H1-H2 2010

Supply

lAuNCHES

pRICES

TAKE-up

Pattaya City Condominiummarket rePort

THAIlANd

www.ciers.c.th

Pattaya City Condominium Market

ExECuTIvE SummARy

Js v 4,700 s w sppl P 2010 psg l 12 % cs

2009. ths ws h gs sppl sc 1997.

nw lchs 2010 js v 3,420 s. Wh p pcs g

sbl wl pp h gwh c vlps s g wh

h gwg ppl h c s sl s .

P wll b h w lg h c s vlps cs h l c

P hll wh s ps vlg h c ccss Cs Bch. ov 650 s

w lch hs h sc hl 2010.

m lcl vlps w l sblsh h c lg wh vlv b

ls vlps. P c s ppg h sc h Bg bsvlps s h c s wl clss s ccl c.

dESCRIpTIoN

P s c lc h s cs h Gl thl b 165 shs

Bg. i s wh, b h jsc aph Bg Lg h pvc

Chb. th c P s sl-gvg cpl h cvs h whl tb

ng P, n kl, ps H y ng Pl L. i s lc wh h hvl slz

es Sb z, lg wh S rch, L Chbg Ch B. i hs ppl

556,916 cvs 49.37 Sq .

P c ccps s h csl Bglg ( h 11 scs h cps

Chb Pvc). i s v lg h sc h sps h s h s

nl bch (h s h bch) P bch (h bch), pls h Bh Hll

hl (l sh P bch), sll sh sc cvg h

h s J bch, whch ls cl sh Bh Hll.

th p cvs h P c s wll s n J sc s bw

P c P bch whch css p h vll cs.

year end 2010 | Condominium

mARKET INdICAToRS


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Pattaya City Condominium rePort market | year end 2010

COLLIERS INTERNATIONAL | P. 2

ZoNING


3/12COLLIERS INTERNATIONAL | P. 3


HISToRICAl Supply By yEAR

CumulATIvE Supply IN BANGKoK

1. WoNG AmAT

ths s h h h P n. i s cs pcl,

p- lc s lvl w c

vlp.

2. pATTAyA

ths s cs s h c c. th sc bch

Cl r sh h hb s jc h c Ps

b ghl . m scs h bch cv b

cchs b lcl bvg vs g lgh hs.

P n klg h s v b as vss, spcll

Chs k, whl h Sh P s ppl g

ml es, Sh as rss vss.

3. pRATumNAK

ths cvs h hgh ccg P JBch. m pscl ss hv cl spg p lg

thpp r. ths s v ppl wh Scv

rss vss. P P cs hlls wh xclsv

sl cc c b .

4. JomTIEN

J bch s b 1 sh P Hll. th lcl s h

hgh-s cs, bch hls, shps

ss. th h bgg J s cs bs,

whl h lc h hs bch s cs pcl

ql wh lss c pssg hgh.

5. NA JomTIEN

n J bch s sh J s hv bch

s lss vlp s sl .th cc s

Shv , whch s lc bw 5001,000 s h

bch, hs xs Bg S bch Shp sc.

Note: The report covers residential areas located on or west of Sukhumvit

road.

P c c b v zs h ppss hs p. Blw s s ch z.

HISToRICAl Supply

Sc : dp L Clls il thl

n: Fgs w cl n J

th h c cc 1992 wh h

vlp lg scl cl sl pps sch s m

J. ths ws h sl h C ac 1989 whchp h h vlp hgh s scs. il

c g bs s ths pv h sgc

g s h w, lhgh w bgg

b h cc b csql pchsg pp.

th x sg gwh ws h sl h cc b h

p 1997 b h ll. a l b ss lvl

sppl c h h s w s h w c

b pc p h l hl h ls c. a h H2 2010,h l sppl s ppxl 44,500 s. F H2 2010, l

3,000 s w sppl. ovll js v 4,700 s w

2010 whch pss h lgs cs sppl P

sc 1997.

Supply



th l sg sppl h c ws b P. Hwv

1997 sgc ws J sppl b h J

Bch Cs (w s rh). th w s c b

h g vlps p h ps . J hs

sc v P h g vlbl l, spcl l

cls h s. th P Wg s hv vlp

lw jc gwh v hs p.

th lgs c sppl s h J , psg

b 38% h l, llw b P , b 32%.

C pjcs h P pl lw s

h vg b s p pjc s ppxl 140,

whch s sl pjcs h Wg P s. th

g J s 360 s s s h pjcs hgh s blgs. th p vll l s vlp s

P J. P cs h ls sh

bh hl l pjcs lvg l sz l spc vlbl

lg scl cs. J ws lgl sp hs pcss

h 1980s 90s s sl g cs ls w

sll vlbl lg scl pjcs.

Sc : Clls il thl rsch


Supply By ZoNE

CoNdomINIum Supply By loCATIoN, yEAR ENd 2010



5/12

CumulATIvE fuTuRE Supply By loCATIoN

COLLIERS INTERNATIONAL | P. 5


m h 3,700 s schl b cpl s

2011 whch pss cs 8.3% l sppl h

4,100 s schl b cpl s 2012.

P s h gwh s v h x w s s v

4,000 s schl c l b h 2013. dg h

sc hl 2010 h hs lc svl lcl vlps ws

h swh ch Cs Bch P Hll, wh

svl hgh s cs h cl csc

h lvl l sgs sls g. th Cl b nv

Gp ws h s h c l 2009 hs sccssll sl

ppxl 70% s 427 s ll v 12 hs.

Fllwg h sccss th Cl, nv Gp cl

c h sll pc Lg Cs Bch, lg wh v

h pps hgh ss vs vlps h s .

Wg wll ls l sppl v h cs h x w

s wh h c h lg scl hgh pjcs th

Pl, Z W tw.


fuTuRE Supply



P hs bc h s ppl c pjcs

s hllp lc wh s vws, s ccss Cs Bch &

H u thg, pls h s ccss P c sl. m h 650

s w lch h sc hl 2010, whl ppxl 450

s w lch Wg. alhgh ll c pjc

P lc cl h bch, hs s

pcl wh g vws p hll. F 2010 3,420 s w

lch h .

dEvElopERS

a b P bs vlps hv bc pls

h lcl . Cps sch s nv Gp, r L,

ig, Hghs Hlgs, r ass & Vw tl hv lg

b cpl s h bls s sch h s

g sl sh Bg 1997. a ps lcl

vlp s ls h sc xchg b hs chg

c h xps. Hwv w Bg bs ls

vlps c g h , clg r L

mj dvlp.


NEWly lAuNCHEd IN 2010





TAKE up RATE of lAuNCHEd pRoJECTS SINCE 2009


th vg p ll lcs hs cs b vg

ppxl 6.6% h s hl 2010. th p hlcs, P, J n J cs wh

sl b 2 - 3% h s hl 2010, h

w pjcs lch sc hl 2010. F P

h cs ws hghs wh h 12%, pjcs

hs bg cl cpl.

th p s bh J P hgh h h

h h w s. m h pjcs J P c

h lw h wh b bg s

ll bh cs. as Bg, hs vlps g

bl bs ll xcl h . ths

pjcs c gs lg b chp h w p lcls bg h s pp Bgs

lg vc h s vs. o hs

pjcs sl qcl whl h xpsv cs lc

Wg P lg sll h cs

g pcss bs hs sg.

foREIGN oWNERSHIp/domESTIC dEmANd

i cs h Bg , gs p h ls sh

lw cs P J s s

wh l cl scs g Bg ss lg

xpsv hl h. ths hs h s blw 2

ll Bh h s l pcg sc slg h

49% g w ls. i h wl gg p

sl s Wg P, lcl bs h

v h w l pcg plcs. o lcl

bs c b b p s cp g bs

h h vlps cg sc c hv sgc

bg h lcl bg cp.

dEmANd



th rsss cc v 20% g vss P h

csg b sgs vsg rss s cv hs. th ls ps csgl lg c

vlps b v hv rss sls s p h

pjcs. th v w Gl thl s w hvg ppl

h h Blc S. th Chs gwg c h s

s h c b h ps h ss s sg

h s sch lss ll b bs pp

ps. Hwv wh css vc pp Ch sl splg,

spcll H isl, Chs b lg h l

wh bgs s s s cl vlp sl

h . th gwh hs pcl sg wll b sg

bsv h . m ml es i

vss cg P h hs b ll w. m

hv s b pp h, b sll v cs s

hv sll bgs. Wh sc bgs gs i, s ls vll

pssbl s ps cl thl. Hwv hs

cs cl bc sp pws h P pp sc h , js s h rsss s slwl svl s

g.

th Bh s xpc h gl w s g.

Hvg s h, g bs h e z, u kg

uSa c b pp P lg bs. thl sll

s g vl cp ep uSa. nvhlss

spg pw hs b cb wh h s ppl pc g

bg bw h sx ll Bh.

th s pl vlbl hs sg s sgs

chcs hv gv ch hgh vvl xzg l

f spc cl hs cg sls pcs wh sccg

lc, cls vll ql.

Sc: dp ts Clls il thl rsch

BREAKdoWN of foREIGN vISIToRS To pATTAyA, yEAR ENd 2010





AddITIoN of populATIoN ovER 65 IN SElECTEd CouNTRIES

CHANGE IN CuRRENCy To THAI BAHT

Sgc bs s wll c cs h lg

s h P s s csql pl

ss h . Wh lw gv ps pvss

xpc h h gg bbbs, h ws

chs lv h g s c g h b

s lvg w cl.

th bl shws hw P c s wll s h s ws

thl hp b h sgh h th Bh gs ccs h vs j g . i c b g h hs c,

h h plcl c s wh s g g bs.

Cvsl ps wh pchs pp sx s g h

sl cl wl s sgc g h w

cc.

Hwv h Chs cl b pls h s h y

s xpc ppc gs h ll h s h gvs pss lx s cc cls.

Clls il thl rsch

Sc: B thl



Wg hs vg sllg pc 85,000 bh p sq ,

wh b lx vlps gg ch hgh. i

vlp s pcs w s hgh s 160,000 bh p sq ,

cpbl wh hgh Bg. th lw pcs c

h h s w cc pjcs bg lc v

500 s h cs. ovll pcs cs slghl h

sc hl 2010 xcp n J. avg sllg pc n

J s cs s hl l 6%, chgs

pjc ccps sz.

Bch g s h v lx cs. Pcs c

s b v 100% wh lc b h bch, spcll J

wh pjcs lc s sc h shl.

th s ls p hgh s cs s h vw

h s spcll p bs s pp. i l

Bg s P c vlps s g qs

glss h csc h s h

sgs.

Lc

avg Sllg

Pc

(tHB / Sq m.)

avg Sllg Pc (tHB / Sq m.)

Bch oh Hgh rs

> 8 s

Lw rs

< 8 s

Wg 85,000 87,500 80,000 80,500 85,000

P 67,800 72,000 66,800

P 62,000 67,000 60,000

J 50,000 120,000 43,000 120,000 43,000

n J 60,000 95,500 36,500 125,000 44,000



AvERAGE SEllING pRICE of ToTAl uNITS By loCATIoN, AS of yEAR ENd 2010

pRICE





STRENGTHS

ths wh ll vs H H shg v v

P c, g h c vllg js 90 s

Bg, gh wh h vs slc shppg, g

ps cc. P s vlvg wl clss

s.

m vlps w l sblsh P c hs

llws sgc cc bs wshg pchs

pl h c.

P c, l h ss, hs lcl s wll g

bg l g b c cgs. ths vs

c llw h cp b wh cc

plcl slcs.

WEAKNESSES

tc sss csg pbls b lcs s h c

c sggls cp wh s gwg ppl. nw sp

sc s b vlp s chc

blcs.

oppoRTuNITIES

th gwh h sl h es Sb wll hc

P c s h sl hs wg h

sl ss lc cls px P. i h h

c cl s h v c c spc hs bc

lv ccl Bg. ths wl h hc h

cs ppl s sl .

P c cs vss w gwg s h mles, i rss h l pss sgc

sc cs. th ml es i cl b

s pl h .

Sc h c h w Sc r J, hs gl

sss cg c cgs lg Bch r, g

vllg nh Sh J csbl s. i s wl

cs h J cl b h vlps x v h sp

bcs hs c pv h h vlbl

lg bch l pls. th cpl h thpp

r wg sch wll ls c vllg bw h

J P.

THREATS

Whl cls px Bg s sgh, plcl sbcs

h cpl c sll s P c s pcp

h h cl c.

th hgh h pps hv s s g h

cc w vss lc sp v

ll bh l h w xchg s. Fh pbls

h glbl cc cl wll h hp hs sg.

SWoT


12/12

CollIERS INTERNATIoNAl THAIlANd

mANAGEmENT TEAm

Pattaya oFFiCe

m Bwlg | S Sls mg

Sp Sjs | S Bsss dvlp

mg / oc mg

ProJeCt SaLeS & marketinG

mch owgps | S mg

reSidentiaL SaLeS & LeaSinG

Sp Bh | Csl

oFFiCe & induStriaL SerViCeS

n rsvph | S mg

retaiL SerViCeSashw Wch | S mg

adViSory SerViCeS

np tch | assc dc

reaL eState manaGement SerViCeS

B Ch | assc dc

adViSory SerViCeS | HoSPitaLity

J mc G | dc

inVeStment SerViCeSn Swl | assc dc

Ws rjjl | S mg

reSearCH

a Pc | assc dc

Sch kgchp | S mg

VaLuation & adViSory SerViCeS

nchls Bw | assc dc

Phchs Phh | assc dc

CoLLierS internationaL tHaiLand:

Bg ofc17/F Plch C,2 Shv r, klg,Bg 10110 thl

TEl +662 656 7000

fAx +662 656 7111

EmAIl [email protected]

P ofc519/4-5, P Sc r (opps Cl FsvlP Bch), ngp, Bglg, Chb 20150

TEl +6638 427 771fAx +6638 427 772


RESEARCHER:

thla Pcassc dc | rsch


RESEARCHER:

thlSch kgchpS mg | rsch


480 cs 61 cs 6 cs

th h lgs ccll s svcs cp h wl

th sc s cgsccl l s bglbll

uS$2 bll l v

ov 2 bll sq g

ov 15,000 pssls

ths p h sch ls b wbs www.clls.c.h. Qss l

h shl b c h rsch dp h b c bv. ths c hs

b pp b Clls il vsg gl l. Clls il s

gs, pss ws , xpss pl, gg h clg, b

l , ws c, ccc lbl. a s p shl h w

qs s h ccc h . Clls il xcls qvcll ll pl

s, cs ws sg hs c xcls ll lbl lss gs sg

h . Clls il s wlw l pl w p cps.

acclg sccss.


u Ss: 135

C: 39L ac: 17

as Pcc: 194

emea: 95

Pattaya City Condominium Market Report H2 2010 Year End

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Transcript of Pattaya City Condominium Market Report H2 2010 Year End