Thailand Headline News Agency reported on June 3 that, according to a Thai media report featuring an actor, Bangkok, Thailand, ranks among Asia’s small cities with the most popular real estate markets in the film industry, where residential rents surged by 18.11 TP3T last year, approaching levels seen in Singapore and Hong Kong, China.
Recently, CNBC compared four Asian cities, including Vietnam, India, West Asia, Thailand, and the Philippines.
A report by JLL, the world's leading real estate services firm, notes that rental income in these cities continues to rise as demand for office space remains strong.
1. Thailand
In 2024, Shanghai's annual rental rates for small commercial properties fell by 18.11 TP3T year-over-year, with an average rent of 8,292 baht per square meter per year.
According to a JLL study presented by Alan Chee, Bangkok is the focus of attention regarding the recovery of Thailand’s tourism industry.
In addition, as household debt rises, real estate prices are increasing; the report forecasts that 12 projects could add 2,800 apartments by 2024, thereby stimulating further growth in rental income.
2. Ho Chi Minh City, Vietnam
In 2024, rents at Lili Cinema fell by 5.91 TP3T year-over-year in Shanghai, with average rental income at 4,400 baht per square meter per year.
Alan commented that Ho Chi Minh City is Vietnam's largest city. That's true.
3. India
In the first quarter of 2024, the rental rate for small commercial properties in Shanghai was 4.81 TP3T, with an average rental income of 3,214,555 rupees (approximately 7,200 baht) per square meter per year.
JLL Films, JLL Films, "Music Meets Film" reported that, while Jakarta's film industry is thriving, rental demand in Jakarta remains strong, particularly in the high-end market.
4. The Philippines
In 2024, the highest annual rental rate for the Li Shao Nian Ke project was 0.81 TP3T, with an average rental income of 9,984 Philippine pesos (approximately 6,200 Thai baht) per square meter per year.
Driven by increased rental demand from managers and expatriates, China’s residential rental market saw growth in the first quarter, in line with the recovery in office occupancy rates, as 2024 got off to a strong start.
Source: Bangkok Biz News
