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Bangkok rental yields remain high

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on Nov 28 in News

Bangkok rental yields remain strong with a gross average of 5.9 per cent, according to property consulting firm CB Richard Ellis.

The average rental yields have stayed within a narrow band between five and six per cent over the past six quarters with one-bedroom units achieving higher yields in excess of 6 per cent and four-bedroom units achieving lower yields around three per cent.

The higher yields for one-bedroom units may decrease going forward as the manjority of new units being completed in the next two years will be one-bedroom units thus increasing competition.

According to the Bangkok Post, with lower purchase prices units in older condominium buildings mean investors can still achieve comparable yields to new buildings even with lower rent.

Sukhumvit and Lumpini remain the most popular locations amongst expatriates and tenants prefer a modern and effective design. Landlords must ensure the interior is neutral enough to appeal to a wide range of tastes.

“Rentals, prices and yields vary considerably in Bangkok even between buildings in similar locations. Performance is determined by the quality and attractiveness of indvidual buildings, the layout and location of individual units,” said James Pitchon, executive director of CBRE Thailand.

 

source property report

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