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Condo market shifts to low-priced units


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An artist s rendition of Sena Kith Thepharak-Bang Bo, a lower-priced condo project Sena Development launched last year with units priced from 800,000 baht.
The affordable segment is likely to dominate new condo supply in Bangkok this year as most developers are shifting to this large market despite a number of completed units remaining for sale.
Phattarachai Taweewong, research and communication director at property consultant Colliers Thailand, said 2021 would be the first year in the past five that new condo supply with affordable prices would be the most active segment.
Condos with affordable prices of lower than 100,000 baht per square metre or below 3 million baht a unit will mostly dominate the market as developers plan to launch these units in large numbers, he said. ....

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