Bangkok Overall MarketView Q2 2018
10 Sep 2018
Bangkok Overall Property Market, Q2 2018
In Q2 2018, the overall condominium market was slow with the downtown area stabilising after record-breaking condominium launches in 2017 while growth in the midtown/suburban areas remained concentrated along both existing and under-construction mass transit lines.
A total of 363 units were launched in the downtown area this quarter compared to 950 units launched in Q1 2018, representing a decrease of 65% Y-o-Y. The total number of downtown units launched in the half of 2018 represented only about 11% of the 12,544 units launched in the whole year of 2017. The number of newly launched units in the midtown area also decreased to 8,914 units compared to 14,666 units launched in Q1 2018, representing a decrease of 37% Y-o-Y.
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