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Essay on A Summary of Bangkok Market

Weakened domestic demand, slower export growth as well as impact from increasing oil prices and political uncertainty ate up the overall economic growth and resulted in a slowdown in the economy in 2H2000. The economy grew at 2.6% in 3Q2000 from a year earlier, lowering from 6.3% in 2Q2000 and 5.1% in 1Q2000. The restructuring of the real sector including real estate in Thailand is still in the early stages. Despite a reduction in real estate NPL s from Bt295.9 billion as at 1H2000 to Bt129.5 billion as at 2H2000, a large reduction was a result of transferring of NPLs to bank owned AMCs rather the actual restructuring. All these macro factors have dampened market sentiment and been reflected in the pace of the property market over 2H2000.

The overall picture in 2H2000 continued very much as 1H2000. Steady market improvement continued albeit amidst a mild correction in rentals. Polarisation of demand to prime quality properties emphasised the attractiveness of this sub-market whereas price strategy remained an effective impetus to lure demand to some secondary properties.

The market for commercial properties inclusive of the Office and Retail sectors did not show marked improvement over the last six months of 2000. The underlying economic climate and concerns over political outcome made tenants cautious on investing and

Terminology mentioned in this term paper
Retail sectors, inflation rate, oil prices, inflation, GDP,

Product talked about in this essay
Office,

Locations referenced in this report
BANGKOK, Thailand,

Keywords talked about in this report
market, serviced apartments, interest rate, low level, real estate, market sentiment, domestic demand, tenants, primary market, mortgage, economic growth, rentals, condominium, GDP Growth, inflation rate, early stages, oil prices, strata title, commercial banks, decision making, monetary policy, restructuring, building management, investment, macro, sales, The market, AMCs, historic, slowdown, Polarisation, Retail, cautious, Summary, attractiveness, occupancy, landlords, Expatriates, resale, benign, BANGKOK, Judging, conscious, accessibility, investing, Thailand, buyers, hotels, export, purchasing,

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A Summary of Bangkok Market. (1969, December 31). In DirectEssays.com. Retrieved 07:20, May 22, 2013, from http://www.directessays.com/viewpaper/105584.html
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