The Thailand commercial property market vulnerable to the global economic downturn and credit crunch. Following is information on the Thailand commercial property market and the comprehensive services provided by Asia Property Consultants:

While restrictions apply to foreign ownership of real estate, foreigners are able to invest in Thailand commercial property and residential property.

Political turmoil in Thailand, along with the reduced confidence in the Thailand economic outlook is leading to a decline in the Thailand commercial property market. Political instability reduces the confidence of foreign investors, putting extra pressure on the property market.

Jones Lang LaSalle Thailand believe the global financial crisis and economic slowdown have now had an impact on the Bangkok office market. Occupiers that had been looking for office expansion in the first three quarters of the year are holding back on their growth and occupancy plans. the less optimistic attitudes towards the economic and business outlook, combined with the political issues will hamper growth prospects for the Thailand commercial property market.

According to Jones Lang LaSalle, total stock of Grade A office space in Bangkok’s CBD remained unchanged in the third quarter of 2008 at 1.47 million sqm. While demand for office space improved in the third quarter compared to the second quarter, the net result was an increase in the CBD vacancy rate to 19.5% in October, as compared to 18.6% in July 2008.

Asia Property Consultants assists international entrepreneurs and investors maintain peace of mind over their investment by providing efficient property management services relevant to the Thailand commercial property market. Such services include:

Arranging property insurance for the commercial premises to secure structure and contents of the client's new asset.

Appointing and supervising a reliable agent to manage the process of finding tenants.

Implementing the required security measures to protect the premises, employees, company hardware and IT requirements.

Project managing any property maintenance requirements.

For more information on Thailand commercial property market, please contact us at our Singapore office at (+65) 67350120 or email us at email@healyconsultants.com