Friday, September 20, 2019

PROPERTY  $41 bn worth of units left unsold last year

Jan 10. 2019
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By The Nation

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A total of 454,814 residential units across the country were left unsold last year, with a total value of US$ 41 billion, according to Sopon Pornchokchai, president of the Agency for Real Estate Affairs, said yesterday.

The unsold units in Bangkok constituted 40 per cent of the total units left over from last year and 55 per cent of the total value. 

The total number of housing units developeed in 2018 was 26,224,081. The number of units by private developers amounted to 454,814 units or 1.73 per cent of the total existing housing stock.

 These 454,814 units could be absorbed within 2 years. Consequently, the number of units sold each year could reach 227,407 units. 


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