Fall in new property projects seen this year
The Agency for Real Estate Affair has estimated that there would be a total launches of 416 projects offering 100,921 units, worth a combined Bt423.36 billion ($13.239 billion), in 2018.
Compared with 2017, the total number of units and value would be approximtely 12 per cent and 7 per cent lower respectively.
This significant difference implies that the property market is less active this year, AREA’s president Dr Sopon Pornchokchai said at press release yesterday.
Developers and financiers should pay attention to the development and financing of projects in order to avert a glut of supplies in the future.
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