PROPERTY
Condo launches outpace broader housing market
- Published: 2 Oct 2012 at 00.00
- Newspaper section: Business
The number of newly launched condominium units in Greater Bangkok was almost twice that of single houses and townhouses in the first nine months of the year.
But Samma Kitsin, director-general of the Real Estate Information Center (REIC), said the condominium segment has experienced a slight oversupply in upper Sukhumvit and on Ratchadaphisek Road.
Some 9,000 to 10,000 condo units were launched in the first nine months on upper Sukhumvit Road, but sales were slow.
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