Bangkok residential supply dip to persist

Quick Summary:

Launches of new residential supply in Greater Bangkok will decline for a third consecutive year in 2025, largely attributed to an increase in unsold units carried over from 2024, an uncertain economy and high household debt, according to Kasikorn Research Center.

Most of these developers will launch fewer sites than last year, while some will introduce fewer projects but with a higher sales value as they shift towards the upper-end market, where purchasing power is stronger than in the lower-end segments.

Despite a significant drop in new supply, the centre expects that the cumulative number of unsold units will not decline, likely exceeding 230,000 units – more than the total recorded at the end of 2023.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Decrease Units Million Baht Last Residential Year Priced Market 2024 Supply

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 04:00:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26058357

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