New condominium launches in Bangkok are expected to decline
by 23.5 percent this year, with the number in the first four month of the year
showing a 40 percent year-on-year drop.
Thailand’s Real Estate Information Center (REIC) noted that
last year was the first ever where the number of condominium launches in
Greater Bangkok outnumbered low-rise housing launches.
Samma Kitsin, Director-General of REIC, noted absorption
rates for condominiums was higher than low-rise projects as a direct result of
changing lifestyles as the capital’s mass-transit networks develop further.
REIC reported the largest number of remaining condo units
was in Nonthaburi’s Muang district (5,232 units) covering Rattanathibet and Kae
Rai, where the Bang Yai-Bang Sue Purple Line will start running by 2016.News
was Thanyaburi in Pathum Thani with 4,362 units, while the third-largest number
of remaining condominiums was in Bang Sue (2,827 units).
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Catch up on news you need to know from last week.
Overseas interest in Thailand property up in May
Call for property tax cuts
Record year for Khao Yai property
Stress test for Bangkok’s suburban property markets
If you have a news story or comment for publication about Thailand property or real estate email: andrew@propertyguru.com.sg
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