{"id":34268,"date":"2016-11-14T15:43:31","date_gmt":"2016-11-14T08:43:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-we-learned-about-bangkoks-residential-market-right-now\/"},"modified":"2016-11-14T16:14:55","modified_gmt":"2016-11-14T09:14:55","slug":"5-things-we-learned-about-bangkoks-residential-market-right-now","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-we-learned-about-bangkoks-residential-market-right-now\/","title":{"rendered":"5 things we learned about Bangkok\u2019s residential market right now"},"content":{"rendered":"


\nStronger resale market, fewer launches
\nPhrom Phong in Bangkok\u2019s Sukhumvit. Image: Tooykrub \/ Shutterstock.com
\nBangkok\u2019s residents may still be donning somber colours following last months tragic news, but the city\u2019s property market is still relatively lively.
\nA strong demand for condominium resale units kept the Thai capital\u2019s real estate sector resilient in the third quarter, according to the latest issue of the Edmund Tie & Company\u2019s Real Estate Times. In fact, the resale price index for the city hovered at 139.3 in Q3, compared with 133. 4 in the previous quarter.
\nHere are five other important insights from the report:
\n1. All roads lead to Sukhumvit
\nA staggering 93.9 percent of new supply in the city, representing 911 units, went to the Sukhumvit area. The district is the \u201cmost established residential area\u201d for both locals and expatriates, the report noted. \u201cWhile demand for upscale condominium units is expected to remain strong, buyers are likely to be more selective on the location, specifications, and prices of the units,\u201d the researchers said.
\n2. Higher take-up
\nThe average take-up rate of newly launched condominium projects in the Bangkok CBD stood at 67 percent in the third quarter of 2016, up from the 54 percent recorded in the second quarter.
\n3. Hotter prices
\nThe average unit selling price per square metre for new Bangkok launches in the third quarter stood at THB245,900 (USD7,000), up 9.3 percent year-on-year.
\nMore: Bangkok real estate: what you need to know about the market right now
\n4. Fewer launches
\nOnly five new condominium projects, representing 970 units, were launched in the Bangkok CBD in the third quarter. This represents a decrease of 20 percent on a quarterly basis; around 1,216 units were launched in Q2.
\n5. A time to grieve
\nThe researchers expect the supply of condominium units to expand at a slower pace in Q4, primarily due to the slowdown in the overall condominium market in Bangkok. \u201cIt is expected that local demand will be subdued during the period of national mourning and leading condominium developers are taking this time to review their business strategies and when to launch new projects,\u201d the report noted.
\nRead next: Bangkok\u2019s Thonglor in high demand from buyers and renters
\n
\nSource : property-report.com
\nRead more…5 things we learned about Bangkok\u2019s residential market right now<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stronger resale market, fewer launches Phrom Phong in Bangkok\u2019s Sukhumvit. Image: Tooykrub \/ Shutterstock.com Bangkok\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34268","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8UI","jetpack-related-posts":[{"id":608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-braces-for-new-upscale-hotel-openings-for-the-new-year\/","url_meta":{"origin":34268,"position":0},"title":"Bangkok braces for new upscale hotel openings for the new year","date":"December 24, 2015","format":false,"excerpt":"\r Two properties will add to the Thai capital\u2019s growing hospitality offerings Well Hotel Bangkok\u2019s deluxe suite As Bangkok\u2019s tourist arrivals prove its resilience by posting a 25 percent increase in the first 10 months of 2015, according to the Bangkok Post, two hospitality management companies are making their first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2015\/12\/Well-Hotel-Bangkok-deluxe-suite.png?fit=740%2C494&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":34230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-loneliness-fueling-co-living-in-thailand\/","url_meta":{"origin":34268,"position":1},"title":"Is loneliness fueling co-living in Thailand?","date":"November 14, 2016","format":false,"excerpt":"\r Wanted: meaningful connections Will the new wave of condo projects aim to bring residents together more? 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