Residential developers should revise down unit sizes and adjust some features to keep housing prices flat in order to accommodate sluggish purchasing power after prices were pushed up by higher costs caused by the impact of the Russia-Ukraine war.
Low-rise houses continued to outperform condos in the first quarter, mainly attributed to presales of single detached houses, semi-detached houses and townhouses from large developers.
Higher inflation, a labour shortage and the rising prices of fuel and construction materials will drive new home prices higher this year after the housing price index kept declining since the first quarter of 2020.
SET-listed developer Supalai Plc plans to launch a record 34 new projects worth a combined 40 billion baht in Greater Bangkok and the provinces, aiming for sales to grow by 17% to 28 billion baht by the end of the year.
SET-listed developer Supalai Plc will launch four new condo projects worth a combined 5.74 billion baht in the fourth quarter, after freezing new condo launches for over a year, with the market now recovering.