Research Centre

Bangkok Residential MarketView Q3 2017


14 Dec 2017

Market Stabilizes with Anticipated Economic Recovery

The overall condominium market in Q3 2017 remained generally slow; however, the downtown area performed well due to healthy demand while the midtown/suburban market still faced challenges.

A total of 4,017 units were launched in the downtown area compared to 1,041 units launched last quarter significantly increasing by 53% Y-o-Y. However, the total number of newly launched units in 2017, as of Q3 2017, was 7,870, close to the 8,154 units launched in the whole of 2016 and we do not expect a large number of new launches in the last quarter of this year.

Buyers in the downtown market remained selective and cautious which slowed down the overall sales rate resulting in a mixed sales performance. Only projects that are in good or new locations with the right pricing that matched the demand in the area did better than the average.

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Bangkok_Residential_MarketView_Q3_2017.pdf
James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff
Pornpimol Phuengkhuankhan
Director - Residential Sales Services

Phone: +66 2 119 5797
Fax: +66 2 685 3306
CBREThailand
Director - Residential Sales Services
pornpimol.phuengkhuankhan@cbre.co.th
Sales Staff
Theerathorn Prapunpong
Director - Residential Leasing Services

Phone: +66 2 119 1599
Fax: +66 2 685 3399
CBREThailand
Director - Residential Leasing Services
theerathorn.prapunpong@cbre.co.th
Sales Staff