Opened the location with the highest increase in price index in the quarter. Most of them were located in the areas along the outskirts of the CBD and the suburbs of Samphanthawong, Bang Kho Laem, Klong San, Klong Sam Wa, Lak Si, with prices rising.

The DDproperty Thailand Property Market Report Q2 2023, which analyzes data from real estate announcements on the DDproperty website, reveals real estate market data. Thailand in the latest quarter that Overall, most housing units have a selling price of 1-3 million baht, accounting for 29% of all housing in Bangkok. When considering the type of property, it was found that most condos (31%) and townhouses (44%) were priced at 1-3 million baht.

Most single detached houses (41%) are priced at more than 15 million baht, which are premium homes. and luxury homes that meet the needs of high-end consumers with high purchasing power and have financial readiness which is the target group that real estate developers turn to the market to replace the middle class purchasing power and lower that slowed down

The demand for housing in Bangkok In the short term, it decreased by 2% QoQ and decreased by 15% YoY, which when considering the type of housing, the decline was similar. Single-detached homes fell the most by 3% QoQ and condos fell 2% QoQ. Only townhouses, considered the only type of housing, saw a 1% QoQ increase in demand.

If compared to the period before the epidemic It will be found that the overall demand for housing has increased by 44% and there is a significant increase in all types of housing. Especially the horizontal growth is evident. Detached house demand increased by as much as 60%, followed by townhouses and condos (47% and 38% respectively). quarter cycle But if looking at the long term, there are still good signs.

Locations with the highest increase in price index in the quarter Now started back in the downtown area. and areas outside the central business district This is different from the previous round where most of the locations were located in outer Bangkok areas. Most of the locations that should be worth watching in this quarter are located along the current mass transit lines, namely:

Pathumwan was the location with the highest increase in price index, increasing 6% QoQ (up 4% YoY), thanks to being a central location in the capital with large shopping centers. and is a source of work Including near the Green Line BTS, Sukhumvit Line

followed by Samphanthawong District The price index rose 4% QoQ (up 4% YoY), considered a large commercial location. Easy to travel with the Blue Line BTS. Hua Lamphong - Lak Song

Bang Kho Laem district saw a price index increase of 4% QoQ (down 7% YoY), located in Rama 3 area near Sathorn-Silom. What is interesting is that there are still ongoing development projects such as large shopping centers.

Khlong San district saw a price index increase of 3% QoQ (up 5% YoY), another large shopping center location. near the golden line Krungthonburi-Khlongsan

Khlong Sam Wa district saw a price index increase of 3% QoQ (up 3% YoY). Most of the residential areas are low-rise products. which meets the needs of buyers for real housing (Real Demand)

Wattana District saw a price index increase of 3% QoQ (down 2% YoY), a prime business location in Bangkok. It's a huge source of work. And near the Green Line BTS, Sukhumvit Line

Laksi district saw a price index increase 3% QoQ (down 25% YoY), growing from the virtue of the Green Line extension of Mo Chit - Saphan Mai - Khu Khot. that connects to travel to the city center more easily

Source:https://www.bangkokbiznews.com/property/1067365

Date 11/05/2023