16,000 New Condo Units Launched for Sale in Bangkok 2013 Featured

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According to the Colliers International Thailand Research, there are about 16,000 condominium units were launched for sale in Bangkok in the first quarter of 2013, and the most of will bulding in several years.

The rate of sales in the quarter was 62%. The bestselling locations were Sukhumvit, New Phetchaburi, Rama III and Narathiwat Ratchanakarin roads.

Surachet Kongcheep, senior manager of research, said last week that 16,070 condos were launched in the quarter, an increase of 2,840 units from 13,230 launched in the fourth quarter of 2012.

About 11,100 units were launched in the outer areas of Bangkok and 5,000 in the inner zones, especially Ratchadaphisek and Phaholyothin.

The average price of new condos was Bt67,650 per square metre, up 6% from the previous quarter. The highest price for downtown condos was more than Bt162,500 per square metre.

Proximity to the mass-transit system is still a vital factor for condo buyers.

Last modified onThursday, 25 April 2013 09:30

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