Due to higher construction costs, the "sale price" needs to be increased! Dun demand for 'second-hand electric train lines' boom. Knight Frank" stated that condo selling prices in the 2nd quarter of 2023 will move in every location by an average of 2.2% in the city center, 240,000 per square meter. Around the central business district, 120,000 per square meter, suburban area 6.8 thousand per sq m.

Nattha Khapana, Managing Director of Knight Frank Chartered Company (Thailand), said that the overall condo market in the second quarter remains "stable" with new supply being launched continuously, but if purchasing power is compared which returned gradually causing the recovery of demand to lag behind supply. This is reflected in the cumulative number of unsold units of projects at low price levels that continues to increase!

Because buyers with middle to lower incomes still have low financial liquidity, this causes project buyers to be rejected for more loans than buyers of luxury projects.

However, real estate entrepreneurs Still moving forward with opening new projects to add to the market. In addition, the confidence index increased 0.8% from the previous quarter. Including the index of sales expectations in the next 6 months, it is likely to improve.

It is hoped that the country will fully open and the tourism industry will continue to expand. It will result in a new group of buyers. and groups of foreign investors come to absorb existing supply and open new ones to compensate for weak demand or purchasing power in the country.

As for the supply of new condos for sale in the second quarter of 2023, there were 11,930 units. The number of new units for sale increased 40.1% compared to the previous quarter and also decreased 21.3% compared to the same period last year. Of the new condos for sale, 88% are in the suburbs of Bangkok. In the area around the central business district, approximately 12%.

In this quarter, there was "no" new supply in the center of Bangkok. And most of the newly opened condos for sale are still in the Grade B group with a proportion of 52%, in Grade C with a proportion of 38%, followed by Grade A with a proportion of 9% and the Super Prime level with 1%.