More new condos
About 16,000 condominium units were launched for sale in Bangkok in the first quarter, the most in several years, according to Colliers International Thailand.
The rate of sales in the quarter was 62 per cent. The bestselling locations were Sukhumvit, New Phetchaburi, Rama III and Narathiwat Ratchanakarin roads.
Surachet Kongcheep, senior manager of research, said last week that 16,070 condos were launched in the quarter, an increase of 2,840 units from 13,230 launched in the fourth quarter of last year.
About 11,100 units were launched in the outer areas of Bangkok and 5,000 in the inner zones, especially Ratchadaphisek and Phaholyothin.
The average price of new condos was Bt67,650 per square metre, up 6 per cent from the previous quarter. The highest price for downtown condos was more than Bt162,500 per square metre.
Proximity to the mass-transit system is still a vital factor for condo buyers.
