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Bangkok Property Developers Forsee Strong Demand

By on Nov 04, 2015 in Property News, Residential

Bangkok property developers such as Quality Houses and Sammakorn are forseeing strong demand in both the luxury and middle-income markets.

Sammakorn has launched a promotional campaign called “Time to Buy”, offering discounts. This is part of its efforts to achieve target presales this year.

Quality Houses senior executive vice-president Suwanna Buddhaparasart said after opening the Q Sukhumvit condominium for presales that the company planned to launch 27 projects next year. Of these, 20 will feature detached houses and townhouses, there will be condominiums, and the remaining 4 will be extensions of projects from 2015.

“Demand to buy homes has been recovering after the government launched a stimulus package to boost the property market. As a result, we have the confidence to launch more projects next year”, she said. Suwanna added the company was re-launching their luxury Bangkok Condo project, Q Sukhumvit, this month and targeting sales worth 1.6 billion THB this quarter.

Quality Houses subsidiary, The Confidence Company have also launched a condominium project called The Trust Condo @ BTS Erawan. The Bangkok property developer is targeting presales of Bt7 billion this year after already recording Bt5.4 billion in the first three quarters.

Source: The Nation, October 22nd 2015
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