Townhouses and condominium sales boomed while single houses priced from 3-5 million baht were the best sellers in Greater Bangkok during the first half of this year, according to a survey by the property management company Plus Property Co.

Read more:
Townhouse and condo launches brisk

Townhouses and condominium sales boomed while single houses priced from 3-5 million baht were the best sellers in Greater Bangkok during the first half of this year, according to a survey by the property management company Plus Property Co.

It said 67 townhouse estates were launched in the first half with 8,105 units, up 155% from the first half of 2009. More than 10 of the projects offered unit prices below 1.2 million baht, suggesting more developers are entering the market to take advantage of the BoI Home incentives from the Board of Investment home programme.

Spurred by the property tax incentives that expired on June 30, townhouse sales rose 92% from the same period last year to 12,051 units, accounting for 51% of all offered units and a 14% share of all residential units. The average selling rate per month was 7.2 units per project, up 2.9 units from a year earlier.

townhouse large
Townhouses and condominium sales boomed while single houses priced from 3-5 million baht were the best sellers in Greater Bangkok during the first half of this year

The number of newly completed condominiums totalled 41 projects with 19,128 units, with the largest number located in the Ratchadaphisek area, followed by outer Sukhumvit and Sukhumvit.

The cumulative total of completed condominiums rose 10% from 2009 to 212,468 units, showing that developers had good liquidity and were able to transfer units, said Plus.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively

Hotels Market Insights: Signs of reopening but domestic demand leading the way

Thailand also welcomed foreign tourists in November, but Omicron has pushed authorities to remain cautious and suspend the ‘Test & Go’ scheme.

Real estate in Thailand: On the way to a sustainable architecture

Like in many other countries in Europe and America, in Asia, sustainability has become a new focus also for residential property developments. This is particularly an urgent move at a time when the globe is facing risks from climate change and illnesses.