Phuket Residential Market Report May 2011 | Colliers International Thailand

8/6/2019 Phuket Residential Market Report May 2011 | Colliers International Thailand

http://slidepdf.com/reader/full/phuket-residential-market-report-may-2011-colliers-international-thailand 1/20

Phuket Residential RePoRtthailand

www. o e s. o.

Phuket Residential Market

ExEcutivE Summary

t b m y P v y r r r g b y g c v y r m ggb p c g p v r p y r. Gr r c c r m c m r cm r r b v pm w y r m c .

i rm mb r r r P r p c c r m r t m c m r . h w v r w c gr r

v r c p v .

W pr p r y r r m r m r c m m , 2010 w r r y r w m r c m m w r pp w m r b c m

pr p r y. J r 1,020 c m m w r pp 2010 j v M y 2011.

t cr g mb r i r l w C C rr r g P pr v p r r g m r g r m r r r r

r g b y r .

May 2011 | residential



Phuket residential Market rePort | MaY 2011

COLLIERS INTERNATIONAL | P. 2

ZOninG


http://slidepdf.com/reader/full/phuket-residential-market-report-may-2011-colliers-international-thailand 3/20COLLIERS INTERNATIONAL | P. 3


hiStOrical SuPPly By yEar

cumulativE SuPPly in BanGkOk

F r p rp r rc r v x z r c x g m r , pr c rg gr p. F r r c r

c w .

nOrth WEStt r c mpr b c M k , n Y g, n t ,l y , B g s r b c rr g r . Pi r a rp r c r . t r m r

pm r c w w r r w m y cc py l gr M k b c .

SOuth WESt

t r c v r k m , k m, P g, k r , k b c . M yx ry pr j c r c g c r , p c y

R m-h r R k m b c . t z m c r g c P c r m y v y P g b c . t

v r p p r y r m r m b g c r v b c .

EaSt

t r c v r r c P c g a P , B gR g, C p Y m , s p m B y rr g r . t r

b r m r v pm r r r r m r y c w m r c mp x .

SOuth

t r c v r k s r y, M m B y, C p P w , C g BR w , s Y , n h r b c rr g r . i m v

r m r p c s W .

cEntral nOrth

t r r m c r h g w y n .404027 r g h r M m . a g c v ry c

rp r r r v y p r c mp r

cEntral SOuth

t C r s r c r c

h g w y n .4025 4027, c g P w r . W vm by w y r , g g r v

C -P r g q r r P t w c p P t w m p r .

hiStOrical SuPPly Of cOndOminium and landEd PrOPErty unitS and l and PlOtS By yEar, may 2011

s rc : d p r m l C r i r t R rcR m r : t mb r b v g r w r c c m m, v pr j c

t r r pr j c P r 1994 gr w byppr x m y 2,800 p r y r r m 1995 1998 w gmb r r c r y r 1997 w m r 4,300 . t

w g w y r r t ‘ c m c cr 1997 p c pr p r y m r r g r m 2003 2010 r

w cr v r g r 2,650 p r y r. t gr c r w pp y r c m c cr w ppr x m 2008, b c g b c m c gr w r g y r

2008 pr mp w v w v pm b g b w r c 2010.

PhukEt rESidEntial markEt



i r g by r m m r r m r rm mb r c w y r m c

P w r m r. t c p p r 230,000 b c g c r

p p , m y w m r mp y p y ry P . t c r m m P

pr v c w g c p p r b v r g r r pr v c . t r r r g c m

r g r t m r . W r m r g v r c

m g , r r b c r

i m b w rm C r sw y, m cc c p v r r

g c c c r . Pr p r c r gm c g r v p r q r m r z b b

t r r mb r y p r ry. tx m r r p r .

l v pm r pr by r m rc pp y P w m r 27,300 ppr x m y 5,700 r

c m m . l w r pr c m pr pr v ry p p r r p p v g .

s rc : d p r m l C r i r t R rc


hiStOrical SuPPly By lOcatiOn and yEar

hiStOrical SuPPly By PrOPErty tyPE and yEar




cOndOminium markEt

hiStOrical SuPPly By yEar, may 2011


s rc : d p r m , C r i r t R rc

appr x m y 200 w r c mp r g r v m 2011 mb r m ppr x m y 5,700

s c 1995 2005 v r g mb r p r pr j c w 84, b r y r 2005 g r 55 .

d v p r b c m m r c rv v rm pp y mb b y r pr rr m r v pm w b r pr vv w .




t pp y c m m ppr x m y 5,700 wC r s w g g pr p r w ppr x m y 46%

r m w 32% c s W r y 22%r r r z w r 1,250 . t r w y r

r 2004 m r v ry w w b g pp r m m r w g c y v p r

r r r m r c s m h h . t p r gr w cc rr 2007 w r b w m y r r c C r s s W . B r c rg p pc r . t s W pr m r r r w C r s c mp m c mm rc c

p c y P t w .

t g r pr v r pr y ppr x m c y b r g c mp r v y v r r P .W C r s m rm mb r w v rc p v r c r s W r mp

r r . W g y r g r b c v br g r

r g m g r m g r b y r . i r mp r c n r W e rm v mb r c . B r c m

c b b m c g r pr c .

s rc : C r i r t R rc


hiStOrical SuPPly By lOcatiOn and yEar, may 2011

EStimatEd caPital valuE Of cOndOminium StOck By lOcatiOn




cOndOminium unitS availaBlE fOr SalE, may 2011


t r r ppr x m y 3,200 c m m v b r r m r 8,200 r m 83 pr j c b

pp c .

cOndOminium unitS launchEd durinG thE yEarS 2005 – 2011 By lOcatiOn, may 2011

s rc : C r i r t R rcR m r : t rm 2011 M y

n r y 34% r m m r w c 2008. d r g y r 2006 – 2007 c m m m r P w r c

n r W s W r r m m r r c v rr m m r g r r r b y r . i 2008 C rs w r p r mp p c c t

m c m r g b c c c r mp c rm r . a mb r pr j c c b w 170

w r r gr r z v r g P cv pm .

unitS launchEd




M r 5,500 r c b c mp by 2013 v ryc w r 3,350 C r s r , 1,500

s W r , 480 n r W y ppr x m y 170 s r .

t m rg c m m pr j c C r s r t p p w v w r P . F r g r r pr

m rc m p c y w r g r m rr c . s g pr c r w r pr j c

c r b v m c p , pp g mc v c r w y cc .


cumulativE futurE SuPPly SchEdulEd tO BE cOmPlEtEd durinG thE yEarS 2011 – 2013 By lOcatiOn, may 2011

futurE SuPPly




takE uP ratE

takE uP ratE Of all cOndOminium PrOjEctS in thE markEt, may 2011

t p r r m r r s W , e s r , ww C r s r , m r 8,250 r

r pr g m 50% m r .

M y pr j c n r W , s W , e s r r

rg r r g m r r c c r bw m c p c c c r w g xc g rc p r m g c r m y .





t v r g g pr c e r g r y thB95,000 p r q m w c m mb r b g v b

g r v pm .

t w r r w m r mb r rg gr p, c ,pr j c c c p g b g m r. h w v r n r W

v m r pm r m g b m y pr r c v c g s W . t v r g g pr c C

r w ppr x m y thB 50,000 p r q m pr j r r c w y r m c c tc g c P r v g

p y ry.

a c c g pr c b cc w pr c p r q r m r . u g m r c w w

xp v c m m r e r . t pr m r y x c w m r r r r b c mm pr m m cc y c g c z r gr r

r c m m v pm . Pr c C r n r r rc mp r b w r c r W

m mb r b b g c c l gw rg r z .

t w g r r C r s p c rm r r p p v g w r g r r

x ry. i r g r c r cr pr w c m r .



avEraGE SEllinG PricE Of cOndOminium unitS availaBlE fOr SalE in PhukEt

EStimatE Of avEraGE SEllinG PricE PEr unit Of cOndOminium unit availaBlE fOr SEll in PhukEt

PricE




PhukEt markEt fOr landEd hOuSinG and land PlOtS in dEvElOPmEntS

hiStOrical SuPPly By yEar, may 2011

hiStOrical SuPPly By lOcatiOn and yEar, may 2011

a r c cr 1997 y 110 p w r b w1999 – 2002 b y r 2003 m r 2,200 w r

m r y cr pp y 2010 w v ry

g b c r b m c rpr c g w y r .

h g v pm C r s r c r y r m r r w m r 25,000, g m y m r v b m r . appr x m y 5,000 v

b pp C r n r r y 800 r m g r r . l w r c C r s g w

c P t w cc r .

n : t r p r c r rc r g r v p r b g p pr j c . ow r-b v







appr x m y 58% v b m r r c C r s r , w r 230 n r W C rn r r .

t z pr j c C r s r r g w

m r 135 p r pr j c c mp r y 20 p r pr jr c s W r . t c rg p

c m c r.

unitS launchEd

78% w r c r g y r 2007 2009 50% c C r s r .


s rc : C r i r t R rcR m r : t rm 2011 M y

landEd hOuSinG and land PlOtS availaBlE fOr SalE in thE markEt By lOcatiOn, may 2011

hOuSinG and land PlOtS in dEvElOPmEntS unitS launchEd durinG thE yEar 2004 – may 2011 By lOcatiOn




futurE SuPPly


cumulativE futurE SuPPly SchEdulEd tO BE cOmPlEtEd durinG thE yEarS 2011 – 2013 By lOcatiOn, may 2011

appr x m y 2,600 w r c b c mp 2013 c 59% r c C r s r . M

r xp c b c mp by 2011.

M y pr j c C r s r c t m c

m r g pr c r r m thB 1,490,000 r w , b m pr p r r r g

.

s rc : C r i r t R rcR m r : t y r c mp w xp c by v p r




t p r C r s r g r pp rm w r 1,000 v b m r .

appr x m y 75% v b p n r W r r m r 900 ppr x m y 73% s W , e

s r r m r 1,100 . M r 3,700w r C r s r g r b cm y v pr v p p r pr c w r b cc

c , pp g m p .

t r gr r c g pr c P m x m m m m m m r . t w r pr m r y

c w y g w y r m c w r v y m p b g z w g r m y vw c r c c c rry pr m m r .

B r C r r r w pr c , r g r m thB1,490,000 thB 65,000,000, b r y 90% m r v r g

g pr c thB 10,000,000. t C r n r w c b g w y r m c r

c mm rc c r P t w .

t g v r g g pr c s W r r r c m r r g m r w b c r

v w .



thE takE uP ratE Of all landEd hOuSinG and land PlOt PrOjEctS in thE markEt By lOcatiOn, may 2011

avEraGE SEllinG PricE Of landEd hOuSinG availaBlE fOr SalE By lOcatiOn

takE uP ratE

PricE




dEmand drivErS fOr rESidEntial PrOPErtiES

tOuriSm


viSitOrS BOOkEd intO hOtEl rOOmS in PhukEt By yEar

s rc : d p r m t r m C r i r t R rc


t mb r r g r 2005 r m c y r pp by r y70% r m 2004 m d c mb r 2004. t r w

r m c r c v ry 2006 w m b r r prm g r . h w v r g b c m c cr , rp r c r

r p c rb c v p p y r c v ry b

2010 r pr p c p r r g r m r . d m c c y gr w g mb h h , P y k Y r c g B g

r r w c v v y g r x v r r v .



M v w m r p r rm rr vmb r w r 2003 w B b mb g ,

p w g m r c P 26 d c mb r2004. t r m r b r g y 2006 w g r c

r m m r . h w v r G b F c Cr t m c rb c 2007 rp r v r

g r g p w y r . t c ry b c

r a r w r g gr w rr v mb r b g r 2009 2010 w r pr by r b gg r g m r

t gr r r q cy g c mm a r r m w r c g b

r v p c rr cy r g.t r v w e r p am r c c rr c v c p r p rgr w r m m r b .

o m j r c r g b c r g b y r w m m j r c rr c w c mp r t b m g pr p r y c v g m r xp v . t c rr b

v us, uk m y p r e r p r y c c c r r g b b y v r y c g

r r.

s rc : d p r m t r m C r i r t R rc

s rc : B t C r i r t R rc

viSitOrS BOOkEd intO hOtEl rOOmS in PhukEt By SPEcific natiOnalitiES and yEar

ExchanGE ratE durinG thE yEar 2000 – may 2011




fliGhtS tO / frOm PhukEt

thE lOW cOSt carriEr (lcc) EffEct


s c m r b y r rcr p g rmb r p 2008 w l m c p r g

r c m r z w r . i c b cb c r c r r g g r r 2010. t r r

c r r c pr c p r g r y

ry . t w r m rg c rg m rc gr w r P . t mp r

m r r c g m r c B g r r c m r m m c f c c p c y

r c ry’ r m.

t y r 2010 w rg r g r mP w rg y b c gr w g m v m

r m lCC . M y y p lCC pr v g g cr v r w m m y c r v w pr c

r . i g r r r gr w lCC c y b r g m r r pr p r y. n y w

m r r v b m y w b c r g b y pr p r y bp c y c v m r r g r y c p r gp .

i p P i r a rp r w p g r y (5 m r p g r

m c p g r ) by y r 2018 xp p v g rp r w b c m b r .

s rc : a rp r a r y t C r i r t R rc




h g w r v c m r m c Pr c b y r r m br r g c r v p r

g rm y rg m r . W e r p w r m y p b y g y m c w r m r

c R , s g p r , h g k g M e . i g r

v p r cr pr c c pp w v rc c p x ry r c cr b r . h w v r c

v p r rg m r M e r b y r w cpr p r y c p r w mm g p r w m .

W r gr w g r r w y t v x rypr p r y P , m r m c mp r h h P y . M w m r m B g f r rm r y c c m r r c B g r r

r y cc w . t r r c r r w r

w r r v r gr r pp P w r gv v . a k Y pr v g p p r p c y r t pr x m y c r c m .

fOrEiGn markEt fOr luxury rESidEntial PrOPErty

thai markEt fOr luxury rESidEntial PrOPErty





StrEnGthS

t y p c y b c r r ’ ‘dna’ c r b c P r w r g w r r y b y

c r b . i c c rv w c rg b r r r c . e v r m

m r b c r P r m pr m r.

t br m P r g r v m r m w y c c r c r m br t p g

c rc m c . t pr v c r b c v pr m g v rv y g pr g p .

t r r c r r m r g r r c c g r r g m r . R cc m r c

P w g c c .

d r c g r m gr w g r m r g c p r g v g c mp r r r r w r p v r r

r B g c ry.

WEaknESSES

o m r r t , P w w r m rr r y s m , P y r h h . M c r g r v v r j r m y r. d r g r y w v c b g r r w g r

c mm .

P b c r p r p r m y c mp b x m p y r v pr c p r g g r .

d p r c r m m 2004 c c m y m y c rr r w g r v pr p r y.

t r r cr g mb r r r g r g r v gc w m j - p r r , w m p by x - r v r r g . a r pr ,

g v m g c c r g b r p rr m v g . h r ry c r P v b

c w c rr g v r r r g r . t c bc r r r P r .

OPPOrtunitiES

t c b ppr v v m b g b 5.8 b br xp P i r a rp r . t pr j c g cc mm 12.5 m p g r c y r r g 2018

c b c mp 2013. t w w r P r c v r gr r mb r r r r p b y r

r p rr by c p g r m lCC .

t P i r ex b C v C r M k

b c w b g ppr x m y 2.6 b b bc . t c r r m r 42,000 q r m r p b c mp 2013.

Gr w g mb r a r v g

c ry b g r g m r r r b y r R M e r v r v pp r r

rm r m m rg g m r r m i C c x y m c by r p r c .

thrEatS

B w y b p rc v m r c c mpP r r b r r pr p r y. t rg r m r r r c r r g r w g r g pri t . M y r c v c “My s c h m ” b b cc r c

g c m r g b y r .

h w v r w r m m r r b g g p p. t c C mb r s v r w v v p

m r v r b pr v w w r

w g r g w r p m y m w g pr p r y r r c v t r . V m m y b

m p b r c v m ppw , c v w r sr l c g r b y g pr p r r . t m g rm p

P c m r m My m r. l g r m g g m ww , p g p c ry g g cc p by c v pr p r y w c r vr c y w c ry r v r b c m b y r . i m g r P w r m g m .

C c r g r m c r z w r c

b p r c r v b w pr w p m r pr p r y m r P v b y r m r w r. t gr r p

m c r c v ry r x v y r g w mr g r r pr p r y.

d m c p v c ry g r b c grr m c c b w br P br tg p r r w g v y mp c b

b y r m . t w g w m r g r J y w b cr c m r r c c

SWOt analySiS






cOlliErS intErnatiOnal thailandmanaGEmEnt tEam

ReseaRCha y P c | a c d r c rs r c k gc p | s r M g r Retail seRViCesa r w W c | s r M g r

adVisoRY seRViCes | hosPitalitYJ M rc G rr | d r c r

PRoJeCt sales & MaRketinGM c or w gp | s r M g r

Residential sales & leasinG

s l w | s r M g r

oFFiCe & industRial seRViCesn r m R r v r p | s r M g r

adVisoRY seRViCesn p r t c m | a c d r c r

Real estate ManaGeMent seRViCesB C y | a c d r c r

inVestMent seRViCes

n r s w | a c d r c rW R jj | s r M g r

Valuation & adVisoRY seRViCesn c Br w | a c d r c rP c P rm | a c d r c rs p g kr m | s r M g rW s w | M g r

PattaYa oFFiCeM r B w g | s r s M g rs p s r j | s r B d v pmM g r / o c M g r

Colliers international thailand:

B g ofc 17/F P c C r,2 s mv R , k g y,B g 10110 ttEl +662 656 7000fax +662 656 7111Email . @c r .c m

P ofc 519/4-5, P y s c R (opp C r F vP y B c ), n gpr , B g m g, C b r 20150

tEl +6638 427 771fax +6638 427 772Email .p y @c r .c m

rESEarchEr:

ta y P ca c d r c r | R rcEmail y.p c @c r .c m

rESEarchEr:

ts r c k gc ps r M g r | R rcEmail r c . gc p@c r .c m

512 c 61 c r c

t r p r r r rc m r m y b r w b www.c r .c . . Q rrm r b r c R rc d p r m mb r c b v . t c

b pr p r by C r i r r v r g g r rm y. C r i rg r , r pr r w rr y , xpr r mp , r g r g rm c

m , w rr c , cc r cy r b y. a y r p r y r q r cc r cy rm . C r i r xc q v c y rrm , c w rr r g c m xc b y r m

r r m. C r i r w r w p y w p r c mp

• a r r c cy w r w•

2 m r c g z c mm rc r br g b y• 2 rg pr p r y m g r• ov r 2 b q r r m g m• ov r 12,500 pr

Date post:	07-Apr-2018
Category:	Documents
Upload:	colliers-international-thailand
View:	218 times
Download:	0 times

Phuket Residential Market Report May 2011 | Colliers International Thailand

Documents