Bangkok condo property sector split, new analysis shows

Discussion in 'Thailand property' started by Nicholas Wallwork, Dec 28, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    The condominium property sector in Bangkok is clearly split into two areas that are at different stages of their cycles, according to the latest quarterly Residential Sales Market View for the third quarter of 2010. The market for larger downtown units has been slow with few new project launches and the clearing of constructed but [...]

    [​IMG] Click to Read The Full Story and Add your Own Comments to Bangkok condo property sector split, new analysis shows
     
  2. 123bangkok

    123bangkok New Member

    BANGKOK, Jan 12 -- Condominium prices have begun recovering after the political turmoil, which turned violent in March to May last year, eased considerably, according to the Real Estate Information Centre (REIC).

    REIC Director-General Samma Kitsin revealed the condominium price index conducted in the second half of last year to gauge condo price movements, particularly in metropolitan Bangkok, stood at 105.59, up 4.16 points from the first half of 2010, and up 5.59 points from the same period of 2009.

    Overall, condominium prices had edged up in all price levels since the political situation had improved.

    Classified by price range, the index on condominium prices below 50,000 baht per square metre stood at 110.17 up 8.70 points from the first half of 2010 and 10.17 points from the corresponding period in 2009.

    The index on condominium prices between 50,000-79,999 baht per square metre stood at 106.81, up 3.39 points from the first half of last year and 6.81 points from the same period in 2009.

    The index on condominium prices starting at 80,000 baht per square metre or more stood at 103.32 up 3.61 points from the first half of last year and 3.32 points from the same period 2009.

    "It is noted that condominiums priced at less than 50,000 baht per square metre increased against the inflation rate and in tandem with higher incomes earned by buyers. Condominium prices between 50,000-79,999 baht per square metre rose at a close rate to the first half of last year," he said.

    Condominium prices at more than 80,000 baht per square metre edged up from the first half of 2010 after they shrank because condominiums located downtown had been affected by the political unrest, said Mr Samma.



    Pattaya DailyNews
    12 January 2011
     
  3. 123bangkok

    123bangkok New Member

    Growth expected in real estate market

    Jan 10, 2011
    The real estate sector is hopeful the domestic market will be on the upswing in the first half of this year, but is concerned that the price of construction materials will increase, Real Estate Information Centre director-general Samma Kitsin said on Monday.

    Mr Samma said the confidence index of business operators towards the overall economy and the real estate market for the first six months of 2011 rose to 68.7 per cent. The index previously stood at 65.6 per cent.

    The confidence index of real estate firms listed in the stock market stood at 74.7 per cent, higher than other unlisted companies at 62.7 per cent.

    "Most businesses don't expect any major political events or violence like last year, but they are worried about the likely increase in the price of construction materials because the wholesale price index in this area in 2010 rose two per cent year-on-year," he said.

    The price of steel, wood, electrical and plumbing equipment and other construction items had gone up last year.

    He said the retail price of cement dropped eight per cent in 2010, but would likely increase later this year.



    Bangkok Post
    10 January 2011
     
Loading...

Share This Page