Hundreds of new projects to dump the market

A total number of 117 residential projects worth up to Bt72.07 billion to be launched into both Bangkok and suburban market this year will create fierce compettion in the property market, according to a survey conducted by a property agency Agency for Real Estate Affairs.

Nearly a half of total 117 projects or 62 projects will be city condominium projects, 33 projects will be detached house, 19 projects are townhouse, as the rest three projects will be double house. Average per project will has 220 units at price average Bt2.8 million per unit.

Top ten locations for launch new residential projects are including Sukhumvit Rama IV, Phahonyothin road, Klong San, Bang Na-Trad KM 1030, Pattanakan, Yanawa-Silom, Rama VBang Krouy, RachadaLad Prao, Pracha Uthid, and Rachayothin.

The agency's managing director Wasan Kongchan said that demand for residential price between Bt1 million per unit and Bt2 million per unit has continued growth for the both detached house and city condominium.

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Hundreds of new projects to dump the market

A total number of 117 residential projects worth up to Bt72.07 billion to be launched into both Bangkok and suburban market this year will create fierce compettion in the property market, according to a survey conducted by a property agency Agency for Real Estate Affairs.

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