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Booming Condominium Market in Thailand

The growing Condo Market will see almost one million brand-new Developments countrywide with three-quarters of them in Bangkok and its outskirts.

In Bangkok and its suburban areas, 62,500-65,500 condominium devices have currently been started this year, a 9.4-9.9 per cent boost from in 2012. The new projects are contributed to some 80,000-85,000 units of completed condos, an increase from 78,000 devices in 2012.

Kasikorn stated the condo Market has actually been no less active in the provinces where urban investors are broadening their financial investments.

About 23,000 condominium units have actually been launched in the rural property market this year, a rise year on year of 179 per cent, and it will see continuous development in 2014-2015, the research center forecasted. It cautioned, nevertheless, of oversupply in the upcountry market.

 

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