New residential projects in capital fall by half in Sept from Aug
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Residential-project launches in Bangkok in September dropped by 50 per cent from the previous month in terms of number of projects, by 9 per cent in terms of units and by 16 per cent in terms of value, according to a survey by the Agency for Real Estate A
AREA president Sopon Pornchokchai attributed the drop in launches to the strong rain, which flooded some areas.
The survey shows that only 22 new residential projects were launched in Bangkok and its suburbs last month, down from 44 in August. The number of units launched was 10,459, down from 11,486. New residential project launches in September were worth a combined Bt34.01 billion, down from Bt40.37 billion a month earlier.
Condominiums remained popular with 9,765 units launched in September, or 88.5 per cent of total new residential launches, followed by townhouses (722 units or 6.9 per cent) and detached houses (319 units or 3.1 per cent).
Residences priced between Bt1 million and Bt3 million remain popular, accounting for 54 per cent of new projects launched last month, followed by those priced between Bt3 million and Bt5 million (38 per cent).
