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

Bloomberg

/

Bloomberg

May 16, 2019 07:08 am +08

 

 

 

 

 

^-A⁺A

 

(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.

 

Advertisement

 

 

 

 

 

 

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

 

Edited May 16, 20197 yr by metisdead
Edited as per fair use policy.

3 minutes ago, mike787 said:

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

Advertisement

“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

Please continue in the topic currently running here:

 

 

//Closed//