Market Overview

Bangkok Condominium - 1Q 2013

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The accumulated supply of Bangkok condominiums as of Q1 2013 was 254,638 units, increasing by 7.5% from the end of 2012.

The new launches of Bangkok condominiums during Q1 2013 was 17,869 units, of which 13,131 condominium units, or around 73% were located in the peripheral area of Bangkok, followed by the city area and the city fringe area, with about 14% and 13% of the total supply, respectively.

The demand for Bangkok condominiums was 9,902 units during the first quarter of 2013, representing a take-up rate of around 55.4%.

The average selling price of condominiums in the city area of Bangkok, as of Q1 2013, was around THB 161,314 per square metre, increasing by 7.1% from the end of 2012. The selling price of the peripheral area increased by 11.8%, whilst in the city fringe area, the price increased by 1.3%.

Source : Knight Frank

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