Western condo buyers scarce | Bangkok Post: business

The baht's appreciation against European currencies has changed the demographics of condominium buyers in Thailand, especially in Pattaya, a new study from the listed developer Raimon Land shows.

The 1.9-billion-baht A Attitude Asoke- Ratchada is the only condominium in the pipeline from Areeya this year. The other five will be detached-housing estates or townhouses.

Deputy vice-president Simon Derville said the condominium market in the first quarter, while historically high, was supported by strong economic fundamentals. It was the second quarter that performed beyond expectations in the face of political protests.