Condo market growth tipped to continue

Real Estate March 14, 2018 16:20

By The Nation

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Sansiri Plc’s property managment arm, Plus Property, expects the condominium market in 2018 to continue its growth, after finding faster-than-expected closure on sales in many zones.

The company said in a statement that demand response is also high, especially in inner-Bangkok areas such as Phloen Chit–Chit Lom, Si Lom-Sathon, and inner Sukhumvit, where projects priced between Bt160,000 and Bt400,000 per square metre are typically able to close sales within three to four-and-a-half months.

Meanwhile, projects with prices between Bt130,000 and Bt160,000 per square metre in the middle Bangkok area, such as Phahon Yothin, Phaya Thai, Rama III and Ratchadaphisek, often close sales in just one month, the company said.

Condos priced between Bt130,000 and Bt200,000 per square metre in the outer Sukhumvit area are expected to close sales within five or six months, the company's managing director, Anukul Ratpitaksanti, said.