PROPERTY
Inner city busy despite condo glut
- Published: 14/09/2011 at 02:46 AM
- Newspaper section: Business
Despite an expected oversupply, new and resale condominium markets in the inner city remained healthy in the first half with the take-up rates as high as 53%.
During the six-month period, 5,295 condominium units were launched in inner-city locations, which include Sukhumvit Sois 1 to 71, Silom-Sathorn, Central Lumpini and the riverside. A total of 2,493 units, or 47%, were acquired, according to research by the listed developer Raimon Land Plc.
Including newly launched units carried from the second quarter of last year, the take-up rate rose to 53%, said Simon Dervill, the company's deputy vice-president for business development.
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About the author
- Writer: Kanana Katharangsiporn
- Position: Business Reporter
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