Revealed: Bangkok’s worst-selling properties

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NEWS EXCLUSIVE: Bangkok’s worst-selling property products and locations were revealed at a recent seminar.

Thailand’s Agency for Real Estate Affairs (AREA) recently published its annual report, and ranked Bangkok property projects that were launched during 2017 by zone, type of property and price.

Top of the list, where none of the 101 units that were launched were sold, were detached houses in the THB 5 million to THB 10 million price sector in the Bang Khen – Klong Leung area.

Second were semi-detached homes, also in the THB 5 million to THB 10 million sector, in the Rama 2 Km 1 to 10 area, where just one of the 104 new units launched last year were sold.

Bangkok’s worst-selling condominiums were in the Nawamin area, and in the THB 500,000 to THB 1 million. Here, just 0.3 percent of units launched in 2017 were sold.

Nawamin is on the eastern outskirts of Bangkok past Ladprao.

Also ranking inside the top 20 were new condominiums in the Chinaket – Tah She area. Here, 0.5 percent of units in the THB 1 million to THB 2 million price sector were sold last year.

Chinaket is close to Ngam Wong Wan, also in eastern Bangkok, and close to the Laksi district which itself is relatvely close to Don Mueng International airport.

AREA data is, for us, the most thorough and independent data available covering the whole of Bangkok’s property market.

The Agency provides occasional press release as well as regular, paid research products for real estate agents and developers.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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