Almost two of every three Asia-Pacific property professionals with rental portfolios in Bangkok will maintain their current holding next year.
Almost one in five intend to buy additional rental property in Bangkok next year, while just 17 percent of those surveyed in the tenth annual Emerging Trends in Real Estate Asia-Pacific 2016 survey expressed their intention to sell part of their existing stock of Bangkok rental property during the next twelve months.
As we reported yesterday, despite Bangkok receiving a poor outlook as a property investment destination for 2016 by the survey, the indication that almost two-thirds of rental professionals will hold their stock next year by the same survet must be good news, especially in a market that has been exhibiting some signs of oversupply in certain locations.
Related news: Poor investment outlook for 2016
Although their reasons for wanting to hold are not expressed, one can imagine these are professionals with large portfolios and who are expecting further capital gains and rental returns from the market during 2016.
The Emerging Trends in Real Estate Asia-Pacific 2016 survey is a joint undertaking between PwC and the Urban Land Institute. It is based on personal interviews with, and surveys from, almost 350 of the most influential leaders in the real estate industry.
