The potential good news is that more new condominium units were completed and registered at the Department of Land as of May 2017 compared with the previous quarter, but the not-so-good news was that this wasn’t happening in the centre of Bangkok.
Most completed units were located in the Bangkok ‘suburban’ area, accounting for around 59 percent of total completed and registered units.
The number of new condominium units in Q2 2017 was recorded by Colliers are being approximately 13,605 units, an increased from the first quarter of around 31 percent.
Most new condo units launched between April and June 2017 were located in suburban areas of Bangkok, especially in the areas along new planned skytrain mass-transit routes which are set to open late this year and in 2018.
Colliers added that no new condominium projects launched in the Bangkok ‘city’ area in Q2 2017 due to the fact that “all developers were more focused on areas where they can develop projects with selling price lower than THB 5 million to THB 6 million per unit.