
According to Property Wire, the continued rise in land prices in Bangkok means property developers have had to raise the price of their new developments, limiting the size of the potential market.
CBRE says end users are the ones leading the market rather than speculators and 85 percent of buyers who purchase off plan units are Thais.
The latest market reports from CBRE also show that prices have risen most for developments which Thai investors see as having the most desirable locations and quality facilities.
CBRE says end users are the ones leading the market rather than speculators and 85 percent of buyers who purchase off plan units are Thais.
The latest market reports from CBRE also show that prices have risen most for developments which Thai investors see as having the most desirable locations and quality facilities.
Thai buyers continue to dominate the downtown and midtown market where the mid-market trend continues to lean towards one-bedroom residences. Such demand was well catered for by most of the new downtown developments in the first six months of 2012, however developers are now having an increasingly hard time purchasing land at prices that will allow their units to be priced affordably.
According to CBRE, in Q2, 2012, four projects were launched in the downtown area, a decrease in the number of newly launched units from 2,679 to 808. In total, 91 percent of the units offer one or two bedrooms and there are 328,434 units in downtown and midtown Bangkok with 1,449 units completed this quarter.
Recent extensions to the mass transit systems also mean a growing number of areas are becoming accessible and therefore present potential opportunities for condominium developments. However, each area will only have a limited amount of demand and the popularity of particular areas will constantly change over time.
Central Lumpini currently has an average re-sale price of 163,550 baht per square meter, making it the area with the highest average re-sales price. However, reports suggest that in the Thai dominated midtown market, the budget range will be around THB1 million to THB3 million (US$32573 to US$97720), depending on factors such as the size and location of the development.
Source by Property-report
According to CBRE, in Q2, 2012, four projects were launched in the downtown area, a decrease in the number of newly launched units from 2,679 to 808. In total, 91 percent of the units offer one or two bedrooms and there are 328,434 units in downtown and midtown Bangkok with 1,449 units completed this quarter.
Recent extensions to the mass transit systems also mean a growing number of areas are becoming accessible and therefore present potential opportunities for condominium developments. However, each area will only have a limited amount of demand and the popularity of particular areas will constantly change over time.
Central Lumpini currently has an average re-sale price of 163,550 baht per square meter, making it the area with the highest average re-sales price. However, reports suggest that in the Thai dominated midtown market, the budget range will be around THB1 million to THB3 million (US$32573 to US$97720), depending on factors such as the size and location of the development.
Source by Property-report