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Thailand Property Demand Increases due to ASEAN Community 2015

By on Oct 21, 2013 in Property News

THE ASEAN ECONOMIC Community coming up in 2015 is boosting residential demand in the Northeast, especially from Vietnamese, South Korean and Japanese investors expanding in Laos, according to information from the Real Estate Information Centre of the Government Housing Bank.

Residences priced from Bt3.1 million-Bt5 million were popular in Nakhon Ratchasima, accounting for 33 per cent of the total, followed by Bt2.1 million-Bt3 million, Bt1.1 million- Bt2 million with a share of 21 per cent, and up to Bt1 million. The main locations for launching residential projects in Nakhon Ratchasima were Muang and Pak Chong districts. From October of last year to last month, 11 condominium projects were introduced with 2,250 units worth about Bt5 billion.

Khon Kaen recorded 4,640 residential units for sale, of which 2,700 were low-rise residences including single family homes, townhouses, duplexes and shophouses worth Bt9.7 billion.  The remaining 1,900 units were condos worth Bt2.8 billion as of September last year. Half of the total has already been sold, the information centre said. Residences priced at between Bt3.1 million and Bt5 million were 59 per cent of the total, followed by 2.1 million-Bt3 million with 27 per cent and up to Bt1 million, the centre said.

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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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