Bangkok Overall MarketView Q3 2016
30 Nov 2016
In Q3 2016, developers resumed launching new condominium projects. The number of newly launched condominium units increased both Y-o-Y and Q-o-Q in all areas. The majority of newly launched condominium units in this quarter were from top public-listed developers.
Overall, demand for condominium units was still relatively weak. Sales of newly launched condominium projects have been mixed, ranging from outperforming projects which were sold out on the first day of launch to underperforming projects which did not sell well.
In this quarter, we continued to see various aggressive promotional campaigns including soft and hard discounts offered by developers in order to boost sales and transfer rates, especially for midtown/suburban condominium projects.
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