Latest fair generates over Bt3bn in sales

Kessara Thanyalakpark, organiser of the event, said yesterday that 41 per cent of sales were for condominiums, 29 per cent for townhouses, 20 per cent for detached houses and 6 per cent for other homes.
Mortgages approved at the event exceeded Bt10 billion.
According to a visitor survey, 40 per cent were interested in detached houses, 33.5 per cent in condos and 18 per cent in townhouses.
Units priced between Bt1 million and Bt2 million were popular with 44.5 per cent of the 100,000 visitors, followed by 22 per cent for units priced Bt2.1 million to Bt3 million, 15 per cent for those below Bt1 million, 10 per cent for those costing Bt3 million to Bt4 million and 6 per cent for those over Bt4.1 million.
The Bt3 billion in sales was only for bookings taken at the event. The three associations that co-sponsored this event target additional contracts of at least Bt3 billion within the following three months.
The results from the festival were better than expected. That means the property market is starting to recover after the shock from the flood last year, Kessara said.
According to the survey, about two-thirds of the visitors said this was their first time to attend the fair. Most of them plan to buy a place to live in. The preferred location is Bangkok followed by Nonthaburi.
 The 26th Home & Condo Show generated Bt3 billion in sales over its four-day run last week, providing further evidence that shoppers are back in the residential market.