Bangkok residential market

They will include low-rise residences, such as single detached houses, twin houses and townhouses, as well as high-rise condominiums.

Supalai will launch two condominium projects worth more than Bt3 billion under the Supalai Park brand in the Ratchayothin and Asoke-Ratchadaphisek areas.

SC Asset is planning three new projects worth Bt1.3 billion. Two of them, under the Bangkok Boulevard brand, will be on Kaset-Nawamin Road and Ratchavipha roads, while the third, in home-office style, will be called Work Place Ratchada-Ramindra.

Asian Property Development plans to introduce a new townhouse project with a market value of Bt1.8 billion later this month, called Baan Klang Muang, in the Ram-Indra-Ekamai area.

Land & Houses will launch two new townhouse projects worth Bt1.19 billion under the Baan Mai brand, in Phetkasem Soi 63 and on Krungthep Kreetha Road.

Sansiri will launch its latest single-detached house project, called Saransiri, in Soi Thakham of Rama II Road. It will have a market value of Bt1.1 billion.

Preuksa Real Estate plans to launch 10-12 projects worth a combined Bt10 billion in the final two months of the year.

Chief operating officer Prasert Taedullayasatit said his company believed there would be strong demand for new residences in the fourth quarter. It recorded presales worth Bt2 billion last month, bringing combined presales to Bt17.5 billion in the first 10 months.

"We believe demand for residences will continue to grow in the last quarter," he said.

Asian Property Development managing director Pichet Vipavasuphakorn said demand for residential projects had begun to recover after the second quarter. More than 30 per cent of the company's customers are paying cash and the rest seeking mortgages from banks.

Asian Property Development has also felt strong demand for condominiums. It launched three condominium projects last month and has already presold more than 70 per cent of them.

Following its business plan, the company will launch five low-rise residential projects between next January and May, Pichet said.

Supalai deputy managing director Atip Bijanonda said his company was launching two new condominium projects, because it saw strong demand for condominiums near mass-transit systems. The new condos will be in the Ratchayothin and Asoke-Ratchadaphisek areas, two of the best locations for proximity to inner-city transport.