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
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
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Pattaya City Condominium rePort market | year end 2010
COLLIERS INTERNATIONAL | P. 2
ZoNING
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
3/12COLLIERS INTERNATIONAL | P. 3
Pattaya City Condominium rePort market | year end 2010
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
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
4/12COLLIERS INTERNATIONAL | P. 4
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
Sc : Clls il thl rsch
Supply By ZoNE
CoNdomINIum Supply By loCATIoN, yEAR ENd 2010
Pattaya City Condominium rePort market | year end 2010
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
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CumulATIvE fuTuRE Supply By loCATIoN
COLLIERS INTERNATIONAL | P. 5
Sc : Clls il thl rsch
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.
Pattaya City Condominium rePort market | year end 2010
fuTuRE Supply
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
6/12COLLIERS INTERNATIONAL | P. 6
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.
Sc : Clls il thl rsch
NEWly lAuNCHEd IN 2010
Pattaya City Condominium rePort market | year end 2010
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
7/12COLLIERS INTERNATIONAL | P. 7
Pattaya City Condominium rePort market | year end 2010
TAKE up RATE of lAuNCHEd pRoJECTS SINCE 2009
Sc : Clls il thl rsch
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
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
8/12COLLIERS INTERNATIONAL | P. 8
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
Pattaya City Condominium rePort market | year end 2010
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
9/12COLLIERS INTERNATIONAL | P. 9
Pattaya City Condominium rePort market | 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
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
10/12COLLIERS INTERNATIONAL | P. 10
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
Sc : Clls il thl rsch
Sc : Clls il thl rsch
AvERAGE SEllING pRICE of ToTAl uNITS By loCATIoN, AS of yEAR ENd 2010
pRICE
Pattaya City Condominium rePort market | year end 2010
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
11/12COLLIERS INTERNATIONAL | P. 11
Pattaya City Condominium rePort market | year end 2010
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
8/7/2019 Pattaya City Condominium Market Report H2 2010 Year End
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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
EmAIl [email protected]
RESEARCHER:
thla Pcassc dc | rsch
EmAIl [email protected]
RESEARCHER:
thlSch kgchpS mg | rsch
EmAIl [email protected]
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.
Pattaya City Condominium rePort market | year end 2010
u Ss: 135
C: 39L ac: 17
as Pcc: 194
emea: 95