Housing market seen picking up in 2012 | Bangkok Post: business

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Housing market seen picking up in 2012

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The housing market will improve slightly this year, with more than 80,000 units of new supply serving pent-up demand from last year's fourth quarter and the higher incomes of civil servants. 

Sopon Pornchokchai, president of the property consultant Agency for Real Estate Affairs (AREA), said last year's floods affected 23 housing projects which were subsequently closed down for renovation.

The floods also delayed project launches in the fourth quarter last year, with a total of 300 projects opened for sale. Of the total, half were condominiums, 30% townhouses and 20% single houses.

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