Post by account_disabled on Feb 28, 2024 9:19:06 GMT
Bangkok condominium market as of 3rd quarter 2020 Ms. Risinee Sarikkabut, Director of Research and Consulting, Knight Frank Thailand Company Limited, said that the condominium market in the third quarter of 2020 improved from the previous quarter. After the government was able to control the spread of COVID-19 As a result, the number of new condominium units for sale began to increase in the 3rd quarter of this year, if compared to the 2nd quarter. From the survey, it was found that some new condominiums were launched for sale. There was a good sales rate during the initial launch. These projects are launched with products and prices aimed at a large segment of the market. and located in an interesting location There are still not many condominiums in the area.
Buying a condominium at this time may not be considered by many people Portugal Phone Number as an appropriate time due to the economic slowdown. But now is the most suitable time for those who are ready. Because you can get a condominium at a price that is not high. And there are also many additional freebies and special discounts. At this time, it is likely that the market will adjust the conditions of condominiums to be in balance. Both in terms of selling prices that are too high and the problem of oversupply of condominiums in the market. Because developers have delayed the launch of condominium sales and turned to developing low-rise residential projects such as detached houses, semi-detached houses, townhouses, and home offices during this period, the condominium market is likely to return to create opportunities in the near future. According to research from Knight Frank Thailand, condominium launches in the third quarter of 2020 had a total of 7,943 new condominium units for sale, an increase of 97.5 percent when compared to the previous quarter.
(New condominiums launched for sale in the second quarter of this year were 4,022 units.) However, new supply decreased at a rate of 30.7 percent when compared to the same quarter of the previous year. (New condominiums launched for sale in the 3rd quarter of 2019 were 11,460 units) Newly opened condominiums for sale in the 3rd quarter of 2020 are mostly Grade B condominiums. The selling price level is approximately 80,000 - 120,000 baht per square meter, representing a ratio of 52 percent, followed by Grade C condominiums. Most selling prices range from 55,000 - 70,000 baht per square meter, accounting for a ratio of 43 percent. There is only 1 grade A condominium project with 380 units, or a ratio of 5 percent. New condominiums launched for sale in the second quarter. 3 of this year in most cases Located in the suburbs of Bangkok. Accounting for a ratio of 68 percent, followed by condominiums located around the central business district. This is a ratio of 26 percent. In the central business area, there are only 6 percent of newly opened condominiums for sale.
Buying a condominium at this time may not be considered by many people Portugal Phone Number as an appropriate time due to the economic slowdown. But now is the most suitable time for those who are ready. Because you can get a condominium at a price that is not high. And there are also many additional freebies and special discounts. At this time, it is likely that the market will adjust the conditions of condominiums to be in balance. Both in terms of selling prices that are too high and the problem of oversupply of condominiums in the market. Because developers have delayed the launch of condominium sales and turned to developing low-rise residential projects such as detached houses, semi-detached houses, townhouses, and home offices during this period, the condominium market is likely to return to create opportunities in the near future. According to research from Knight Frank Thailand, condominium launches in the third quarter of 2020 had a total of 7,943 new condominium units for sale, an increase of 97.5 percent when compared to the previous quarter.
(New condominiums launched for sale in the second quarter of this year were 4,022 units.) However, new supply decreased at a rate of 30.7 percent when compared to the same quarter of the previous year. (New condominiums launched for sale in the 3rd quarter of 2019 were 11,460 units) Newly opened condominiums for sale in the 3rd quarter of 2020 are mostly Grade B condominiums. The selling price level is approximately 80,000 - 120,000 baht per square meter, representing a ratio of 52 percent, followed by Grade C condominiums. Most selling prices range from 55,000 - 70,000 baht per square meter, accounting for a ratio of 43 percent. There is only 1 grade A condominium project with 380 units, or a ratio of 5 percent. New condominiums launched for sale in the second quarter. 3 of this year in most cases Located in the suburbs of Bangkok. Accounting for a ratio of 68 percent, followed by condominiums located around the central business district. This is a ratio of 26 percent. In the central business area, there are only 6 percent of newly opened condominiums for sale.