Housing gets lift in Northeast
published : 16 Jun 2021 at 04:00
Housing developers in Nakhon Ratchasima, Khon Kaen and Udon Thani are set to resume supply of new units as a market recovery is expected to begin in the second half after mass vaccinations.
Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the number of residential units getting construction permits in the three largest northeastern provinces has been rising. The growth this year comes after a low point in 2018 and conveys that developers are seeing positive signs and have started to plan for new supply, he said.
According to REIC, the number of units acquiring construction permits in Nakhon Ratchasima rose to 17,418 units in 2021, from 15,221 units and 14,680 units in 2020 and 2019, respectively.