FLOODS
MK: Abrupt demand shift did not happen
Low-rise houses still sell after floods
Despite being hit hard by last year's flooding, low-rise housing in Greater Bangkok remains in high demand as reflected by a quick rebound of sales to normal levels last month, says the listed developer MK Real Estate Plc.
Assistant managing director Chutima Tangmatitham said contrary to popular belief, demand for single houses and townhouses did not shift to condominiums even though the floods in Greater Bangkok late last year influenced their decisions.
"Some may choose a condominium unit near the inner city instead of a low-rise one in outer Bangkok which is in the same price range. But this group are families with only one or two members who can live comfortably in the limited condominium space."
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About the author
- Writer: Kanana Katharangsiporn
- Position: Business Reporter
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