KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Economic Condition Highlights: CAPEX and Investment Cycle
Capacity Utilization by Key Industries
Integrated Circuits & Parts
74.4
Investment value of BOI-approved applications (Total)*
Motor Vehicles
48 7
Basic Metal
46.4
Rubber & Plastic Products
46
Chemical & Chemical Products
77.2
Investment Value
(Bt bn)
1 809.4
867.5
900
(+12%) (+7%) 631.1
549.5
700
(-27%) (-13%) 447.4
(-19%)
500
300
100
-100
89.4
(-34%)
2015
2016
2017
2018
2019
1Q20
Investment value of BOI-approved applications (by Industry)*
Paper and Paper Products
Textiles
415
Tobacco
Food
Baverages
75.1
58.6
2017
2018
56.6
■2019
56.0
■1H20
T
0
20
40
60
80
100
■Avg 16-18
Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial
Economics (OIE)
(Data as of March 2020)
Investment Value
(Bt bn)
500
400
300
200
100
0
12.39
0
Agriculture
Minerals&Ceramics
Light Industry
■ 2015
2016
Metal Processing
Electronics & Electrical
Chemical Plastic Paper
W
Service & Infrastructure
Technology and Innovation
2017
2018
■2019
1Q20
Note: *Figures above indicate investments of approved projects requesting investment promotion
benefits from BOI
บริการทุกระดับประทับใจ
167
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Property Market: Market still cautious, weak supply on the 1st quarter could be expected
Supply Side: New Housing Completions and New Projects Launched in BMR*
Outstanding Mortgage Loans to Individuals and Property Developers to GDP
170
1,000 Units
150
130
125
110
90
70
50
44 431
30
10
-10
1997
1998
1999
2000
2001
1314
2002
68
49 46 5150
2003
2004
■New Housing Completions
117
102
132 1314
131
124 127 115
108 11 114
125112112
101
86
81
68 75
66
2005
2006
2007
2008
2009
2010
2011
2012
2013
New Projects Launched
2014
2015
2016
2017
2018
2019
2M19
2M20
Demand Side: Transferred Properties in BMR*
1,000 Units
250
200
178
146
161
151
159
182 174
196
197 198
175
163
150
100
50
0
2008
2009
2010
2011
2012
2013
% (YoY) Single House 6.3%; Townhouse 6.3%
25.0
20.0
15.0
10.0
5.0
0.0
-5.01992
-10.0
-15.0
2014
2015
2016
2017
2018
Price Growth of Properties
Avg. 5-year price growth before the crisis (1992-1996): Land 9.4%;
1993
1994
1995
1996
1997
199 1099
-Land
2019
Avg. price growth in last 5-years (2015-2019):
Land 4.2%; Single House 2.8%; Townhouse 3.9%
26
26
-
2M19
2M20
2.6
5.5
5.3
000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010r
2011
2012
2013
2014
2015
2016
2017
2018
2019
2M19
2M20
-Single House
Townhouse
% of GDP
30
20
16.8
16 16
10.4
10
-4.6
0
1993
1996 1999 2002 2005 2008 2011
Loans to Property Developers
2014 2017 2Q20
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 (including contractors) to
GDP was 4.8% in 2Q20, still lower than pre-crisis level
■Supply Side: Overall new housing projects launched in 2M20 sharply
decreased 30.1% YoY, due to high accumulated stocks of property
developers and unfavorable of economic situation
■Demand Side: Number of property transactions in 2M20 rose only 0.4% YoY,
despite government stimulus measure of cash back for down payment and
reducing home ownership transfer fee, as buyers still cautious
■Prices: single house and townhouse prices in 2M20 (pre Covid-19) rose as
developers and consumers shifted to favor low-rise projects, while land
prices increased slightly
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
** Measures to support Property sector during October 2015 - April 2016, such as cutting transfer fees and mortgage fees and tax deduction for the first five years
■Mortgage NPLs among Thai commercial banks rose to 4.04% in 2Q20, from
3.71% in 4Q19
บริการทุกระดับประทับใจ
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