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Pattaya City Market Reprt H2-2012

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  • 7/29/2019 Pattaya City Market Reprt H2-2012

    1/13

    Pattaya City Condominium

    market rePort | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    2/13

    2011 / 2012

    Supply

    lAuNCHES

    pRICES

    TAKE-up

    Pattaya City Condominiummarket rePort

    THAIlANd

    .ciers.c.th

    Pattaya City Condominium Market

    HIgHlIgHTS

    Js 590 s w cpl sf 2012. th l f cpl

    c s gs h dp f L h f 2012 s l

    46,700 s. th lvl sll f s cpl sf s pl

    h lw b f pjc lchs h w f h ws f h cc css wh

    vlps hl bc h b f lchs, whch hs sc s xpll

    bw 2011 & 2012.

    appxl 7,250 wl-lch s w c h sc hlf f 2012.

    th vg -p ll lcs f h P c cs b 7%

    fromtherstsixmonths.

    th vg pc f ll pjcs ll lcs 2012 s 13% lw h h pc 2011, hs s bcs f h -gs lw- c pjcs lch 2012.

    th w J Sc r wll h s sl vlp hgh h

    cpl g 2012, wh pjcs schl f h sc hlf.

    mARKET INdICAToRS

    H2 2012 | condominium

    th b f wl-lch s

    h sc hlf f 2012 cs

    f h l lch g h

    rsthalfof2012.Thiswasduetothe

    hg vl f c s

    bg lch g h ps

    andthersthalfof2012whichare

    sll vlbl h , csg

    vlps hl bc h

    lchs f w pjcs. i ,

    s w c pjcslch h sc hlf

    sll vlps f ppxl

    250 s.

    Sc : Clls il thl rsch

    NEwly lAuNCHEd IN H2 2012

    NEw lAuNCHEd CoNdomINIum uNIT IN pATTAyA CITy

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    3/13

    HISToRICAl Supply

    Sc : dp f L Clls il thl

    a h f 2012, h l sppl f c s

    approximately46,700.Duringtheyear2012aratherlowgureofjust

    590 s w cpl sf, pl h lwb f lchs f h cc css.

    a l f c pjcs psp h cpl s 2013,

    h csc w shg. Cpls f c

    s 2012 w h lws h ps fw s. Wh h aSean

    g pg p 2015 s xpc h g ws f

    neighbouringcountrieswillstepinandlltheexistinglabourshortageswh h csc s.

    Supply

    CumulATIvE Supply IN BANgKoK

    Pattaya city condominium rePort market | H2 2012

    COLLIERS INTERNATIONAL | P. 2

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    4/13

    Supply By zoNE, H2 2012

    Sc : Clls il thl rsch

    P pv b h s ppl f h c

    h s p 2000; hwv f 2001 ws h J

    hs spl cl gwh h bc f g

    bchf sc vlp ss. P, h c,

    w fcs scc f vlp ss hs h vlbl

    bcg phbvl xpsv. dg 2005, h P Cas pvs b lg thpp r

    c w J Sc r xs. th ws

    designedtoalleviatetraccongestionfromthebeachroadandnowhas

    ss lg bh s gh.

    m c pjcs w lch lg J Sc r

    h J s f h lg-scl pjcs, s

    ppxl 15,400 s w schl b cpl g 2013- 2015.

    CumulATIvE Supply IN BANgKoK

    CoNdomINIum Supply By loCATIoN, H2 2012

    Sc : Clls il thl rsch

    th lgs c sppl s J, psg b

    41% f h l, fllw b P wh ppxl 31%.

    m lg-scl c pjcs w lch h

    J , s ppxl 15,400 s schl bcpl 2015 h J . a 10,100

    c s w xpc b h

    g 2013 - 2015 h P .

    The pattern of overallreal estate development is dierent for

    J P, s P cs h vs j f bh

    hls ccl vlps, whch lvs v l

    l sppl f lg-scl cs.

    COLLIERS INTERNATIONAL | P. 3

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    5/13COLLIERS INTERNATIONAL | P. 4

    accg vlps ls 14,000 s schl b

    cpl 2013; h 3,900 s J ws h hghs

    b f ll lcs, fllw b P wh 3,400 s.

    J sll hls h lgs sh f h c gg

    h f wh l 15,400 s xpc b cpl g

    2013 - 2015.

    NewlaunchesforH22012decreasedfromthersthalfbyaround30%

    w pjcs w lch h n J . J s

    sll s fshbl f vlps, l 3,000 s bg

    lch h sc hlf f 2012, h hghs f ll lcs.

    th j f c pjcs lch h ps w s

    hv fcs -pc lw- bs, hgh h s

    xcps cc h pp f h , ls pg

    strong sales gures. Mainstream buyers, both foreign and Thai, are

    mostlylookingforanaordableholidayhome,notfarfromthebeach,

    wh g fcls s g f cgs vlp

    wh g c c.

    Sc: Clls il thl rsch

    n: dvlps xpc cpl s

    Sc : Clls il thl rsch

    CumulATIvE fuTuRE Supply By yEAR ANd loCATIoN

    NEwly-lAuNCHEd uNITS By loCATIoN ANd HAlf yEAR

    fuTuRE Supply

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    6/13

    lISTEd CompANIES IN THE pATTAyA mARKET

    COLLIERS INTERNATIONAL | P. 5

    m ls cps w fcsg h s s Bg,

    P, Chg m, kh k, kh y, Ch a, H H u

    th. S ls vlps lch h pjcs v h ps

    severalyears,whilesomelisteddeveloperslaunchedtheirrstprojects

    P g 2011 - 2012.

    ms vlps P lcl cps h v

    sccssfl h . Hwv, s c pjcs

    P w ls vlp b ls vlps f Bg. r

    L hs b sccssfl P v h ps h s wh h

    pjcs h bl. Ps Plc. ls lch c

    pjc bh th av P v h ps fw s. mj

    dvlp lch hgh-s pjc h n J

    chvg hgh -p ls . i , s hl

    g gps ls lch c pjcs j

    vs wh c vlps, whch h sllg p s

    condominiumprojectwithve-starhotelmanagementandfacilities.Thes fs, cpbl vlp 2011 ws LPn dvlp, s h

    launched their rst project in the Banglamungarea alongSukhumvit

    r whch ws sl fw hs. th sc pjc h

    J ls h hgh -p , s h lch h

    pjc h Wg h ls q f 2011. Ql Hs

    Plc. js lch w w c pjcs h P

    g g fbc f bs. Ss plc. hv cl lchh B Pl H vlp wg wll b cg

    w pjc cll th Bs Cl P, h lw

    sg f h .

    Lcl vlps P hv b hg h sg h

    fllwg h c f ls vlps h j f

    h c chv hgh p s. ms lcl vlps hv

    b g vlp h ls sgs s wll s pjc

    ccps wh sg, fl fl fs sch s w

    ps, lg lg swg pls hs f xpl h als,

    Cbb az ccps. Sg cp s psv fc

    f ll bs, s vlps sv bg h pjcs lvls fnishingtoahigherlevelinordertocompeteandretainmarketshare.

    CumulATIvE Supply IN BANgKoK

    Pattaya city condominium rePort market | H2 2012

    dEmANd

    TAKE-up RATE of lAuNCHEd pRojECTS SINCE 2010

    Sc : Clls il thl rsch

    th vg -p ll lcs f h P c hs

    increasedbyaround7%fromtherstsixmonths,becausesomenew

    pjcs f ls vlps hv h hgh -p ;

    c pjcs b lcl vlps ls cv g fbc

    f th fg bs.

    th vg -p f Wg ws h hghs h sc

    hlf f 2012, l w w pjcs bg lch h pvs

    sx hs.

    TheNaJomtienareahasshownthehighestincreasefromtherstsix

    hs f 2012, h 10%, b s f w c

    pjcs bg lch h sc hlf, whl h h xsg

    pjcs h ls h hgh -p s g h sc hlf f

    2012.

    CumulATIvE Supply IN BANgKoK

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    7/13COLLIERS INTERNATIONAL | P. 6

    foREIgN owNERSHIp / domESTIC dEmANd

    i cs h ls fw s wh fg bs w h s

    f h P J pp sc, w sg bl

    f th bs ll sgs f h . F s h

    j f h fg-w lcl vlp cps sggl

    sll h 51% th q, hwv, h s w shf s chs th ls vlps cg P chv g p

    ratesfromtheThaimarketanddonotcomeclosetollingtheirforeign

    wshp q. th ls vlps fcs h

    g h fg sg, whch wh l

    wlw cs cl b sbl.

    th th s pcll b-cscs s fllw

    wll-w s sch s LPn, Q Hs, mj dvlps

    h bg s sch s Ss. oh s wll cgs lcl

    vlps hv scv h c f g b hl

    cp h pjc whch s s h vlps

    , sls bh ths fgs cgg.

    th rss c s slc g h sc hlf f h

    yearanditappearsthattheyarelessaectedthanothernationsby

    glbl cc pbls, hgh pl h b h

    lw f h . ep, Bsh ac bs hv

    shw h s pvs s, hwv, bs f

    asl hv b bl hgh 2012 pfbl xchg

    s.

    egg s, sch s i Ch, hv w s ph s h w. W blv h hs cs cl q

    pssbl bc h sppws f h f wh cs bg

    pp P.

    thgh 2012 w wss w g f cs f ll

    ps bgs g h w z b h ssv

    sccss f h cbl -p s s s. C

    pjcs ls sl s s s h w lch, hs

    svl hs ch 50 70% sl; hwv, h vll sls

    v cgg f h gl h ss b

    sppg h s ppl h P hls f bh vss

    ss.

    2013 pss b sg s w wss

    pjc lchs wll s hss f s b

    cpl h v xc bs wh g cp.

    th vg sllg pc p sq Wg s h

    hghs ll lcs f P c. th w l w w pjcs

    lch hs g h sc hlf f 2012, llwg h

    g xclsv.

    m lg-scl pjcs w lch h J s

    f h w fcsg -g lw- bs, s h

    vg pc hs s lws P c.

    ms f h c pjcs lch P c g h

    ps 18 hs w fcs h lw f h ,

    s h vg pc f ll lcs s lw, cp h pc

    2010.

    Sc : Clls il thl rsch

    AvERAgE SEllINg pRICE pER Sq m By loCATIoN, H2 2012

    pRICE

    Pattaya city condominium rePort market | H2 2012

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    BEACH fRoNTAgE ANd HEIgHT of CoNdomINIumS EffECT oN pRICE, H2 2012

    loCATIoNAvERAgE SEllINg pRICE

    (THB / Sq m.)

    AvERAgE SEllINg pRICE (THB / Sq m.)

    BEACHfRoNT oTHER AREAHIgH RISE

    (> 8 storey)

    low RISE

    (< 8 storey)

    Wg , , ,89 , ,

    P , , ,

    P , 8,9 ,

    J , , , , ,

    n J 8,9 , , 9, ,

    Bch fg s h v cg hgh pcs f lx

    cs. Pcs c s b v 100% wh pjc s lc

    b h bch, spcll h Wg n J s.

    th vg sllg pc f hgh-s pjc s hgh h h f lw-s, h cs csc css, h pvlg f

    hvg s vw f ll s ls cs p. Hwv,

    c lw-s pjcs wh phss fcls sch s lg

    h lg swg pl s sl s wll f

    c hgh pcg.

    COLLIERS INTERNATIONAL | P. 7

    Sc : Clls il thl rsch

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    9/13COLLIERS INTERNATIONAL | P. 8

    th c P hs bs v h ls

    18 hs fllwg h sl pfc f 2011. J s h s

    ppl f fg th bs lg b sc

    homeincloseproximitytothebeachatanaordableprice.Mostofthe

    pjcs lch hgh 2012 h cg hs fcsg h -pc lw- .

    J, pcl, s h s f vsppl vss lg f

    sg ls hgh cpl ppc. as lfsl chc f

    an end-user, Jomtien can oer some very attractive properties at

    aordableprices,particularlyalongJomtienSecondRoad.

    Fgs ths ls ql b s bs, whch

    ssss vlps sllg pjcs 100% bs qs.

    Hwv, h gg eu b css sss wll hv gv pc

    vss cg f cs wh h e z. ephss shl

    b plc b vlps h sc wh csg

    spsbl c w f fss f P fllwg h

    oodinginmanyareasin2011.

    S w p pjcs w csc xpc b

    cpl 2013 - 2014, sch s C nw az P,

    r W P. i , nss Plc. ls pls vlp

    300 f l lg Shv r n J, pls vlp

    w c pjc w hsg vlp. appxl

    100 f l wll b s vlp w p plz cll th

    G kg. Wh ll pjcs cpl, th fg

    ss wll b c h pp P c cl b

    ppl.

    SummARy 2012 ANd foRECAST 2013

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    10/13COLLIERS INTERNATIONAL | P. 9

    AppENdIX

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

    11/13

    zoNINg

    COLLIERS INTERNATIONAL | P. 10

    Pattaya city condominium rePort market | H2 2012

  • 7/29/2019 Pattaya City Market Reprt H2-2012

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    P s c lc h s cs f h Glf f thl b

    165 shs f Bg. i s wh, b h jsc

    f aph Bg Lg h pvc f Chb. th c f P

    s slf-gvg cpl h cvs h whl tb f ng

    P, n kl, ps f 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 f 556,916 cvs f 49.37 Sq .

    P c ccps s f h csl f Bglg ( f h 11

    scs h cps Chb Pvc). i s v lg

    h sc h sps h s h s f nl bch (h

    hs bch) P bch (h bch), pls h

    Bh Hll hl (l sh f P bch),

    sll sh sc cvg h h s f J bch,

    whch ls cl sh f Bh Hll.

    th p cvs h P c s wll s n J

    sc s bw P c P b whch

    css p f h vll cs.

    Pattayacitycanbedividedintovezonesforthepurposesofthisreport.

    Blw s s f ch z.

    1. woNg AmAT

    ths s h h h f P n s cs

    pcfl, p- lc lvl w sg f c

    development.WongAmatbeachisconsideredthenestinPattayaand

    bss svl f h hgh lx hls cs.

    L bchf l shl s h pcs cs

    wh h ppl f hs f bh ths fgs.

    2. pATTAyA

    ths s cs s h c c. th sc f bch f

    Cl r sh h hb s jc h c f Ps

    b ghlf . P n klg h s fv b

    as vss, spcll Chs & k. a lg b f xps

    pls ls pf hs lc s ccss f h

    hghws. th f Sh P s ppl g ml es,

    Sh as rss vss. th lg S 15 Sc r s

    jg sgc ppl gs bs.

    3. pRATumNAK

    Lc h sh f P bg J, P s

    cs q sl wh x f lx vlls, hgh

    lw s cs. P fs w bchs, Cs

    Bch H u thg whch ppl wh rss

    Scv vss. rscs c vlp, l

    vlbl f l sbl f h shl s h pp

    pcs P wll sl s.

    4. jomTIEN

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

    hgh-s cs, bch f hls, shps

    ss. th h bgg f J s cs bs,whl h lc h f hs bch w s n J s

    cs b ch pcfl lss cgs.

    5. NA jomTIEN

    n J bch s sh f J pll s hv

    bchf s lss vlp s sl. th

    cc s Shv , whch s lc bw 5001,000

    s f h bch, hs xs B aph bch

    Shp sc.

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

    road.

    COLLIERS INTERNATIONAL | P. 11

    Pattaya city condominium rePort market | H2 2012

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    Pattaya city condominium rePort market | H2 2012

    RESEARCHER:

    thlSch kgchpS mg | rsch

    EmAIl [email protected]

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

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

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

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

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

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

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

    therefrom.ColliersInternationalisaworldwidealiationofindependentlyownedandoperatedcompanies.

    acclg sccss.

    522ocesin62countries 6 csa l l s cslc wlw

    2ndmostrecognizedcommercialrealestatebrand

    glbll2 lgs pp g

    1.25 bll sq f g

    ov 12,300 pfssls

    coLLierS internationaL tHaiLand:

    Bangkok Ofce17/F Plch C,2 Shv r, klg,Bg 10110 thl

    TEl +662 656 7000

    fAX +662 656 7111EmAIl [email protected]

    Pattaya Ofce519/4-5, P Sc r (opps Cl FsvlP Bch), ngp, Bglg, Chb 20150

    TEl +6638 427 771

    fAX +6638 427 772

    EmAIl [email protected] Hin Ofce27/7, Pchs r, H H,Pchp kh kh 77110 thl

    TEl +6632 530 177

    fAX +6632 530 677EmAIl [email protected]

    CollIERS INTERNATIoNAl THAIlANd

    mANAgEmENT TEAm

    Pattaya oFFiCe

    m Bwlg | S Sls mg

    Sp Sjs | S Bsss dvlpManager/OceManager

    Hua Hin oFFiCe

    Sch kch | assc dc

    ProJeCt SaLeS & marketinG

    mch owgps | assc dc

    reSidentiaL SaLeS & LeaSinG

    npsw Chph | mg

    adViSory SerViCeS | HoSPitaLity

    J mc G | dc

    retaiL SerViCeS

    ashw Wch | assc dc

    reSearCH

    Sch kgchp | S mg

    oFFiCe SerViCeS

    nw rs | S mg

    induStriaL SerViCeS

    n rsvph | assc dc

    adViSory SerViCeS

    np tch | assc dc

    reaL eState manaGement SerViCeS

    ths tsch | assc dc

    inVeStment SerViCeS

    n Swl | assc dc

    Ws rjjl | S mg

    VaLuation & adViSory SerViCeS

    Phchs Phh | dc

    W Ssw | assc dc


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