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Bangkok Condo – Ready-to-Transfer Condo Unit Sales Up

By on Apr 28, 2014 in Property News, Residential

Buyers preferred ready-to-transfer condo units to new launches during the first quarter, as many were concerned about their borrowing capability, says the SET-listed developer Supalai Plc (SPALI).  Deputy managing director Tritecha Tangmatitham said it was the first time in four years the company’s ready-to-transfer condo units remaining for sale dried up.

The smallest stock of ready-to-transfer condo the company used to carry was 1.5 billion baht, while the highest was 2.7 billion baht, Mr Tritecha said.  Though the 4 billion baht in sales during the quarter was 10% lower year-on-year, it was better than expected and above the overall market average, helped by the March figures.

In the second quarter, the company will launch five projects including condos and houses in Greater Bangkok and upcountry, with 5 billion baht in presales expected.

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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