Bangkok condo market ‘challenging’

MONDAY, JANUARY 29, 2018
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Bangkok condo market ‘challenging’

This year would be challenging for the prime and super-prime condominium market, as there is still supply available, a real-estate expert said on Monday.


Prominent locations of super prime and prime residential projects include low to mid Sukhumvit from Asoke to Thonglor, as well as Ploenchit, Chidlom, Sala Daeng, Ratchadamri, Langsuan, Wireless and Sathon Roads, said Frank Khan, executive director and head of residential, Knight Frank Thailand, on Monday. 
These areas will remain main development areas for prime and super prime supply because of their convenience and amenities. In terms of unit sizes this year, the upcoming trend seems to be two bedrooms and three bedrooms with a selling price of Bt300,000 per square metre or above, Khan said. 
The elevated price reflects the limited supply of land in the CBD and central Sukhumvit areas, he said.
“It is interesting to note that branded super-prime and prime residences utilise very high-end and valued architects, interior designers and branded furniture as well as facilities designers,” he added.

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