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Bangkok Property Record-Breaking Downtown Prices in 2015

By on Mar 17, 2015 in Property News, Residential

Bangkok property has had record-breaking prices of over THB 300,000 per square metre. This has been achieved in five downtown condominium projects in 2014. This reinforced our belief of downtown condominium market as being a low-volume high-value market with limited new supply.

The rush to launch new condominium projects continued in Q4 2014. The number of condominium units launched increased by 281% Q-o-Q in the downtown area and 13% Q-o-Q in the midtown/suburban area. Due to political turmoil in the first half of the year, the total number of condominiums launched throughout 2014 decreased by 37% in the downtown market and 29% in the midtown/suburban market, compared to 2013.

Overall, the downtown market is in a relatively healthy condition. We believe that prices for both newly launched downtown condominiums and the best existing condominium projects located in the best downtown locations will continue to rise.

Bangkok Residential Market View Q4 2014

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