Active property market in Q1
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Over 40,000 residential units were launched in the first quarter of this year, up about 40 per cent from the same period last year, according to the Government Housing Bank's Real Estate Information Centre.
Of total, 27,500-28,000 units were condominium units, belonging to 60 newly-launched projects. This showed a 26 per cent increase from the corresponding period, when 43 projects with 21,900 units were launched. Of total condominium units, 68 per cent quoted the unit prices below Bt2 million.
In the period, 70 housing estates were introduced to the market, offering 11,500-12,000 units. This increased by 67 per cent from 6,900 units in the same period last year. Forty one per cent of the new units was priced below Bt2 million.
REIC also found that the growth momentum continued in April. It expected that total new supply will reach 130,000 units this year, compared to 101,000 units last year. Of total, 63,000 units will be high-rise.
