The Edge Markets MY: Bangkok's Empty Condos Create Buyer's Market as Foreigners Flee.

[mike787]

Bangkok's Empty Condos Create Buyer's Market as Foreigners Flee

Bloomberg

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Bloomberg

May 16, 2019 07:08 am +08

 

 

 

 

 

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(May 16): A glut of condominiums as Thailand’s economy wavers and stricter mortgage-lending rules kick in is creating a buyer’s market in Bangkok.

Some 65,000 new apartments were added to the city last year, an 11% increase over 2017 and the most since 2009. Demand, however, is tepid with developers reporting take-up rates of just 55% and average asking prices decreasing 6% year-on-year, a Knight Frank report shows.

 

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https://www.theedgemarkets.com/article/bangkoks-empty-condos-create-buyers-market-foreigners-flee

 

Edited May 16, 2019 by metisdead
Edited as per fair use policy.

[Mavideol]

3 minutes ago, mike787 said:

according to Aliwassa Pathnadabutr, a managing director of CBRE Group Inc. in Thailand.

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“The overall condominium market will be slower this year but there are still opportunities in some locations with the right product at the right price,” she said. “

she would said something different I might have believed it...managing director of a construction/investment company sure she will want to reassure potential buyers

[metisdead]

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