Plus Property Co Ltd, a property and facility management agency arm of Sansiri Plc, is expecting a windfall in Bangkok’s Silom-Sathorn area thanks to the locale’s popularity among office workers.
With 2.1 million square metres of office space, co-working spaces have boomed.
In line with a global trend, co-working spaces in Thailand have grown by 35 per cent over 2-3 years and foreign chains have started penetrating the Silom-Sathorn area to tap demand from office workers, startups, freelancers and expatriates.
Meanwhile, space in the residential market has been limited for new projects development.
This has resulted in attractive returns of 4-5 per cent per annum for both the resale and rental markets, managing director Anukul Ratpitaksanti said on Monday.