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CBRE's Q1 2013 Phuket Residential MarketView showed there was positive momentum in the Phuket property market. International passenger arrivals at Phuket International Airport increased by 23% Y-o-Y from Q1 2012 and 36% Y-o-Y from Q1 2011, according to the Airports of Thailand Public Company Limited (AOT). The resort condominium market continues to improve with better sales volume and a higher price per sq.m. based principally on smaller units and cheaper total unit prices. In Q1 2013, there were six new condominium and apartment projects launched; Baan Mai Khao (Sansiri), Amari Residences, Laguna Shores Phase 2 (Laguna Resorts and Hotels), Oceana Condominium, The Emerald Terrace, and Shivalai. They were all on the West Coast with either sea views or beach proximity. Most of these projects are Luxury and High-end (prices above THB 90,000 per sq.m.) More developers are using the leasehold ownership structure offering a series of 30+30+30 years leases rather than using the condominium structure and facing the 49% foreign ownership restriction. To continue reading or to download the full report, visit http://www.cbre.co.th/ResearchCentre/Research/Phuket-Residential-MarketView-Q1-2013

CBRE's Q1 2013 Phuket Residential MarketView showed there was positive momentum in the Phuket property market. International passenger arrivals at Phuket International Airport increased by 23% Y-o-Y from Q1 2012 and 36% Y-o-Y from Q1 2011, according to the Airports of Thailand Public Company Limited (AOT). The resort condominium market continues to improve with better sales volume and a higher price per sq.m. based principally on smaller units and cheaper total unit prices.phuketResidential In Q1 2013, there were six new condominium and apartment projects launched; Baan Mai Khao (Sansiri), Amari Residences, Laguna Shores Phase 2 (Laguna Resorts and Hotels), Oceana Condominium, The Emerald Terrace, and Shivalai. They were all on the West Coast with either sea views or beach proximity. Most of these projects are Luxury and High-end (prices above THB 90,000 per sq.m.) More developers are using the leasehold ownership structure offering a series of 30+30+30 years leases rather than using the condominium structure and facing the 49% foreign ownership restriction. To continue reading or to download the full report, visit http://www.cbre.co.th/ResearchCentre/Research/Phuket-Residential-MarketView-Q1-2013 - See more at: http://www.cbre.co.th/propertynews/thailand-research/there-is-positive-momentum-in-the-phuket-property-market-5434#sthash.MyxWdAeG.dpuf

The Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter. Total midtown and downtown supply is now approximately 350,000 units where the majority of supply is in the midtown area and the market for downtown condominiums is now a low volume high value market with a limited amount of future supply. Prices are rising for the best quality downtown completed projects and for the best located new downtown launches. Developers who want to achieve high prices have to convince buyers that their projects really do offer a higher quality and only the best located, best designed projects with high specifications will succeed.