Call us on +66 (0)76 383-646

Start your search

Sea Views and Modern Comfort in this Large Pool Villa for Sale on the Slopes of Chalong, Phuket
Sea Views and Modern Comfort in this Large Pool Villa for Sale on the Slopes of Chalong, Phuket
Refcode: HSSV8245
17.9M THB
New Luxury Pool Villa in Exclusive Laguna, Phuket
New Luxury Pool Villa in Exclusive Laguna, Phuket
Refcode: HSIL8244
37.0M THB
Sea View Development in a Premium Area of Rawai, Phuket
Sea View Development in a Premium Area of Rawai, Phuket
Refcode: CSSVD8213
from 3.6M THB
Most Recent
Back to news
[ 2015-04-01 ]

Bangkok Condo Market Reaches record prices in Q4 2014

According to CBRE Thailand latest Bangkok Overall MarketView Q4 2014, record-breaking prices of over THB 300,000 per sq.m. have been achieved in five downtown condominium projects in 2014.

This reinforced our belief that the downtown condominium sector is a low-volume high-value market with limited new supply. said CBRE.

The number of condominium units launched increased by 281% Q-o-Q in the downtown area and 13% Q-o-Q in the midtown/suburban area.

condocbreQ42015Due to political turmoil in the first half of the year, the total number of condominiums launched throughout 2014 decreased by 37% in the downtown market and 29% in the midtown/suburban market, compared to 2013.

The hot spot for midtown/suburban condominium launches in 2014 was along the MRT’s Purple Line. Throughout the year, 7,500 units were launched in this area, accounting for 58% of newly launched units along under-construction mass transit lines.

This has pushed developers to search for new locations along other under-construction mass transit lines where there is less competition.

Still, the key issues in the midtown/suburban market are how many speculative condominium buyers will default if they cannot resell before completion and how many end-user buyers will be able to get mortgage loans with tightened banks’ criteria.

via Bangkok Overall MarketView Q4 2014.


Read more at http://www.thailand-business-news.com/news/featured/50599-bangkok-condo-market-reaches-record-prices-in-q4-2014.html#wMpC20f02Q8p2fvJ.99