Knight Frank Chartered (Thailand) Co Ltd
Bangkok Condominium Market Q2 2023
The Summary Highlight
- The number of new supply launched for sale increased by 40.1% from the previous quarter and outpaced demand.
- The total number of new units sold in Q2 2023 amounted to 3,324 units. The sales rate was 27.9% of total supply in this quarter.
- The average selling price across all areas experienced an increase of 2.2%.
- The market’s main problem is the low-end buyer segment, which has great demand yet has a high loan rejection rate, while the middle segment has less demand but has no problem with rejected loans
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