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Weekly market round up

Thailand

Knight Frank has reported the condition of the condominium market of the Pattaya for the first half of 21013. The data reveals that total supply of condominium in Pattaya remained 40939 units at the end of first half of the current year. It shows growth of 32.9 percent as compared to the second half of the previous year, 2012. From twenty condominium plans, around 10153 units were offered during the first half of the current year.

The research also found the Jomtien area more popular where 4247 units were launched during the first half of current year. Demand for condominium units in Pattaya remained 21614 units during the first six months of the current year. Data further shows that growth increased from 50.3 percent at the end of previous year to 51.7 percent at the end of first six months of the current year.

 

The condominiums situated near the sea view in the North Pattaya or Wongamat area witnessed highest selling price per square meter averagely in the Pattaya condominium market. The data estimates selling price of one square meter in Pattaya around THB135, 240, THB128, 725 in Jomtien and THB89, 010 in Pratumnak.

 

World

Knight Frank released Prime Global Cities Index. According the report luxury homes in the key cities of the world witnessed an increase of 2.4 percent during the second quarter of 2013 averagely. It is considered a noticeable upward trend as 0.4% fall was recorded during the first quarter of the same year.

 

The index views Europe a weakest performing market with annual fall of 0.9 percent.

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