For the villa market, sales activity slowed from the previous quarter, due in part to it being the traditional low season and due to fears over the global and European economy. Approximately 35 villas were reported as sold, an 18% decline from the previous quarter.

Statistically the mid-range segment (THB 15-35 million) performed best this quarter accounting for 80% of the total sales with individual villa sales in both the high-end (THB 35-90 million) and luxury (THB 90 million and above) segments of the market, while there was continued demand for entry level villas priced between THB 5-15 million.