Prime residential land prices in Thailand ’s capital Bangkok grew faster than anywhere else in the Asia-Pacific region during the first half of 2014, according to a report by the independent global property consultancy Knight Frank Asia-Pacific.
The six-month period saw the indexes for office and residential sites advance 4.9 percent and 2.9 percent, respectively. This represents a loss in momentum when compared to the 9.8 percent and 7.7 percent growth rates in the same period last year.
Bangkok saw an 18.2 percent increase in prime land prices in the first half, representing a 20.3 percent year-on-year rise. For office land, a 2.9 percent increase was recorded in the Thai capital, up 13.7 percent year-on-year.
For residential sites, Bangkok , Jakarta of Indonesia and Phnom Penh of Cambodia saw the largest positive percentage change in the index while Jakarta and Phnom Penh similarly saw strong growth in the office land index. Bengaluru city of India topped Asia for office sites at 9.2 percent./.
