"Condo launches"

JAPANESE developers are increasingly drawn to the Thai property market, seeking out joint ventures with local real estate companies that could see at least Bt53.1 billion worth of condominium launches in the second half of this year, a survey by The Nation has found.

THE property market enjoyed strong growth in the first quarter of this year, led by a 35 per cent jump in the number of condominium units released in Bangkok from the year-earlier period, said Surachet Kongchepp, a property market researcher.

Bangkok’s condo market has boomed in 2017, hitting a record high in the past decade for the number of new projects launched and with the luxury segment continuing to boom, according to research from the property marketing firm Nexus.