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Bangkok Condominium Prices Risen 60% Since 2009

By on May 09, 2016 in Property News, Residential

Bangkok Property Pace 2015-05-11_153154

According to Thailand’s Central Bank Thailand and Bangkok condominium prices have risen by 60% since 2009. Despite all of the political uncertainty Thailand remains a good place to invest.

Sansiri Plc is Thailand’s second-largest property developer by sales and is now planning to attract Japanese investors to its Bangkok condominium projects . Japanese investors are looking for higher-yielding assets. Demand for condominiums in Bangkok and the rest of Thailand remain strong despite external factors such as slowing growth in China, according to Uthai Uthaisangsuk, senior executive vice president of Bangkok-based Sansiri.

Japanese investors are looking abroad as yields on the majority of government bonds are below zero due to the central bank’s negative interest-rate policy.

02-lThe price of condominiums in Bangkok, Nonthaburi and Samut Prakan for the first quarter of this year has increased 4.9% compared to quarter 1 in 2015.  Mid range condominium units priced between 80-120,000 THB per square metre have gone up on average by 5.6%. The top 5 locations where condominiums have reached higher prices in 2016 are Sukhumvit, Phaya Thai-Ratchathevi, Nonthaburi, Silom-Sathorn and Bangrak. Price changes for these condominium buildings is mainly due to their close proximity to mass transit stations.  By comparison for the first quarter of 2016 the price of single houses in Bangkok, Nonthaburi and Samut Prakan increased by an average of 1.7% compared to the same period last year.

Source: Thailand Business News
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