Currency and Interest Rate Outlook
Integrated Circuits & Parts
Motor Vehicles
45.7
Food
Basic Metal
47.3
Rubber & Plastic Products
48.2
Chemical & Chemical Products
Paper and Paper Products
Textiles
37.4
Tobacco
59.6
Investment
Value
(Bt bn)
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Economic Condition Highlights: CAPEX and Investment Cycle
Capacity Utilization by Key Industries
Investment value of BOI-approved applications (Total)*
76.8
Baverages
56.3
0
20
40
60
80
100
53.2
57.7
■2019
■2020
75.1
2017
■2018
5M21
2005
2006
2007
2008
2009
2010
2011
150
100
50
0
1,000 Units
250
200
146 161
Demand Side: Transferred Properties in BMR*
178
151 159
182 174
196
197 206 197
175
163
2012
2013
1,000 Units
ននននន
■New Housing Completions ■New Projects Launched
170
150
132131 133
130
108
125
117
111
114
114
119
110
102
131
124
127
81
86
115
112
90
66
101
64
109
73
70
50
30
10
-10
2014
2015
2016
2017
2018
2019
2020
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sources: National Economic and Social Development Council (NESDC), BOT, Real Estate Information Center (REIC), Agency for Real Estate Affairs (AREA), and KResearch
Note: *Including Condominium, Single House, and Townhouse; BMR = Bangkok and Metropolitan Area
บริการทุกระดับประทับใจ
2018
2019
2020
5M/2020
43.9
25.5 33.4
17.6
5M20
5M21
68.6 62.5
5M/2021
2005
2001
Loans to Property Developers
2009
2013
2017
1Q21
Housing Loans
■Mortgage loans to GDP are higher than pre-crisis level, due to
factors such as changes in consumer behavior, intense
competition among banks, and a more accessible credit
market
■ Outstanding loans granted to property developers to GDP was
4.7% in 1Q21, still lower than pre-crisis level
■Supply Side: Overall new housing projects launched in 5M21
decreased 30.8% YoY, due to large housing supply and effects
of COVID-19
■Demand Side: In 5M21, property transactions decreased 9.0%
YoY, with a rise in household debt and high concern about
employment security
■Mortgage NPLs among Thai commercial banks was at 3.74%
in 1Q21, compared to 3.78% in 2020
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Property Market: Overall market remains contracted; high concern about the seriousness of the COVID-19 situation
Supply Side: New Housing Completions and New Projects Launched in BMR*
Outstanding Mortgage Loans to Individuals and Property Developers to GDP
Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial
Economics (OIE)
(Data as of Jun 2021)
Source: The Board of Investment of Thailand (BOI)
Note: *Figures above indicate investments of approved projects requesting investment promotion
benefits from BOI
บริการทุกระดับประทับใจ
Investment Value
(Bt bn)
500
400
300
200
100
0
Agriculture
Minerals&Ceramics
Light Industry
■2016
2017
17.13
Metal Processing
13.33
Electronics & Electrical
17.53
207 Chemical Plastic Paper
-2019
6.17
Service & Infrastructure
29.44
Technology and Innovation
Investment value of BOI-approved applications (by Industry)*
1,100 867.5
(+7%)
900
631.1
700
(-27%)
500
447.4
459.5
(-13%)
(-19%)
361.4
(-19%) 100.1
300
100
-100
2016
2017
2018
2019
2020
1Q21
0.22
2020
1Q21
153
% of GDP
30
25
20
16.8
15
10.4
10
5
0
1993
1997
27.1
4.7
154View entire presentation