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Condo prices continue to fall
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published : 14 Jan 2021 at 08:00
23 Average prices of new condos being launched in Greater Bangkok are expected to fall by 5% this year. (Photo by Thanarak Khunton)
Average prices for new and resale condo supply are projected to continue falling this year as the glut of unsold condos is overwhelming, with new units added to the stockpile.
Nalinrat Chareonsuphong, managing director of consultant Nexus Property Marketing Co, said average prices of new condo supply being launched in Greater Bangkok this year would decrease by 5%. New condo supply will remain low this year, with around 33,000 unsold condo units being completed that will add to unsold stock, she said.