The booming condominium business will see nearly one million new units rise up countrywide with three-fourths of them in Bangkok and its outskirts, according to a survey by KasikornResearch Centre.

In Bangkok and its suburbs, 62,500-65,500 condo units have already been started this year, a 4.9-9.9 per cent increase from last year. The new projects are added to some 80,000-85,000 units of finished condominiums, an increase from 78,000 units last year.

The condominiums now under construction will gradually open in the next few years.Kasikorn said the condominium business has been no less active in the provinces where urban investors expanded their investments.About 23,000 condominium units have been launched in the provincial property market this year, rising by 179 per cent, and it will see continued growth in 2014-2015, the research centre predicted. It warned, however, of oversupply in the upcountry market. MCOT online news

via Thailand enjoys robust condominium market | |

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

Stock Exchange of Thailand welcomes property developer PEACE

PEACE is a real estate developer focusing on low-rise residential properties for sales, consisting of single-detached houses and townhomes, mainly in Greater Bangkok.

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.

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