The cost of condominiums in Bangkok suburbs this year will remain stable, while prices in the center of Thailand's capital - in particular, its business district (CBD), will increase due to supply constraints. It is reported Bangkok Post , citing data from Knight Frank Thailand.
On successful projects in the condominium market in the heart of Bangkok, there has been a rapid increase in prices.
Total at the end of 2016 condominiums proposal was submitted to 435,805 objects, about 52,195 of which were launched in 2016, which is 13.6% higher than a year earlier. 76% of them located in the periphery. In the center of Bangkok supply increased by 10%.
Resale enters today in the competitive phase of the primary market projects. Buyers often prefer a more spacious living space and a good location "the secondary" to the new housing.
The average price for a condo in the CBD in 2016 was BHT 229,180 (€ 6,222) per square meter, exceeding the previous year by 5.3%. As for prices in the periphery of Bangkok, they have risen by 3.6% to BHT 134,842 (€ 3,661) for "square".
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