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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Director - Residential Sales Services
Phone: +66 2 119 5797
Fax: +66 2 685 3306
Director - Residential Leasing Services
Phone: +66 2 119 1599
Fax: +66 2 685 3399
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