New Market Research Report: Thailand Real Estate Report Q3 2011

June 28, 2011 - PRLog -- Since the military coup in 2006, the political situation in Thailand has been uncertain. There are worries    that changes in leadership may complicate ongoing policies, leading to uncertainty for companies. Deputy Prime Minister Suthep Thaugsuban announced that elections will be held by June 2011. In the lead-up to the elections, we expect the incidence of protests to rise sharply, dampening investor sentiment. Massive political disruption is one possible outcome.

Despite political uncertainty, economic growth has been strong in Thailand in 2010. Real GDP growth reached 3.8% y-o-y in Q410, taking full-year 2010 growth to a 15-year high of 7.8%. Notably, inventory restocking made up the bulk of growth, contributing 3.2pp to headline growth, while private consumption made the second largest contribution at 2.6pp. For 2011, BMI holds a cautiously optimistic outlook for the Thai economy, but note that the high base effect from 2010 and the winding down of the inventory restocking cycle will mean that growth will moderate sharply. Currently, we project real GDP growth to slow to 3.6% in 2011 before accelerating to 4.0% in 2012.

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Full Report Details at
- http://www.fastmr.com/prod/171539_thailand_real_estate_re...
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For the time being, most protagonists in the country's commercial real estate sector remain upbeat. In spite of early moves by the Bank of Thailand to restrict the availability of credit to buyers of condominiums, developers are looking to initiate over 200 projects across greater Bangkok in 2011-12. In the office sector, vacancy rates continue to run at early double-digit levels - although absorption in Q111 had picked up relative to the previous corresponding period. Large scale infrastructure projects (particularly in relation to transport infrastructure) are changing the economic geography of the country - and generally to the advantage of developers. Over the longer-term, the ASEAN Economic Community, which will allow for up to 70% foreign (ASEAN) participation in Thailand's services industries, should also be helpful.

Still, the challenges remain substantial. The main ones can, perhaps, best be summarised as diminished competitiveness. In manufacturing, Thailand is losing ground to Vietnam and China. There are as yet few signs that government policies to promote the relocation to Bangkok of regional corporate headquarters is having an effect.

Report Table of Contents:

SWOT Analysis
- Thailand Real Estate/Construction SWOT
- Thailand Economic SWOT
- Thailand Business Environment SWOT
Real Estate Market Overview
- Key Issues
- Table: Thailand's Real Estate Market - Historic Rents, 2009 And 2010 (m2/month, US$)
- Table: Thailand's Real Estate Market - Net Yields, 2010-2011 (%)
- Table: Thailand's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010
- Table: Thailand's Real Estate Market - Available And Vacant Space, Mid-2010 (m2)
- Real Estate Market Analysis
Industry Forecast Scenario
- Real Estate Outlook
- Table: Thailand's Real Estate Market - Rentals, 2010-2012 (m2/month, US$)
- Table: Thailand's Real Estate Market - Forecast Net Yield, 2008-2015 (%)
- Thailand's Construction Industry Outlook
- Table: Thailand Construction And Infrastructure Industry Data, 2007-2015
- Table: Thailand Construction And Infrastructure Industry Data, 2012-2020
- Macroeconomic Outlook
- Table: Thailand - Economic Activity, 2008-2015
Business Environment
- Real Estate/Construction Business Environment Ratings
- Table: Asia Real Estate/Construction Business Environment Ratings
- Thailand's RECBER
- Thailand's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Trade And Investment Ratings
- Table: Thailand's Top Export Destinations, 2001-2008 (US$mn)
Competitive Landscape
Company Profiles
- Central Pattana (CPN)
- Italian-Thai Development Public Company Limited (ITD)
- Land And Houses
- Raimon Land
- Rasa Property Development
- TCC Capital Land
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.