Bangkok Overall MarketView Q1 2019
18 Jun 2019
Bangkok Overall Property Market, Q1 2019
The Bangkok condominium market continued to slow down with a decrease in demand from buyers, with many publicly-listed developers reporting a decline in the presales value of condominium units in the Q1 2019. Many condominium developers continued to focus on transferring completed units and clearing built-but-unsold inventory.
CBRE believe the speculative demand from both foreign and local buyers will decrease with the market cooling. Foreigners, mainly Chinese buyers, have been making up for the weak domestic demand but we believe that sentiment could change as there is a growing realization that the market is not booming and both the Chinese economy and currency have weakened due to the trade war.
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