Property News · February 24, 2020

Bangkok has 100,000 empty flats and coronavirus will make oversupply even worse


Bangkok’s condominium market, once a favourite of Chinese investors, faces a bleak year as the novel coronavirus outbreak keeps buyers away.Foreigners are set to account for as little as 10 per cent of purchases in 2020, down from 20 per cent two years ago, consultancy Agency for Real Estate Affairs estimates. Chinese buyers previously accounted the bulk of overseas interest but are now hampered by the travel curbs and economic havoc caused by the disease.“The demand from foreigners may…

Source : South China Morning Post
Read more…Bangkok has 100,000 empty flats and coronavirus will make oversupply even worse

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