Thailand's commercial real estate market continues to recover from the downturn associated with the effects of closed borders during the pandemic. Over the next four years, Bangkok is expected to see significant growth in Class A office space, first-class shopping malls, high-quality apartments, luxury hotels and so on.
Analysts' optimism about this sector is based on convincing statistics for 2023: an increase in investments in target manufacturing industries by 62% and an increase in the number of tourists by 152%.
10 world-class multifunctional development projects are expected to be implemented in the central business district of Bangkok. Michael Glancy, head of JLL in Thailand, notes that these projects will make the country's capital especially attractive to investors among other cities in the Asia-Pacific region.
Source: Property Guru
