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Property sector set for strong growth

Lack of prime sites to spur residential market

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The retail, office and central business district (CBD) condominium sector was strong in the fourth quarter last year and will continue to be so in 2014 due to limited supply, according to property consultant DTZ Debenham Tie Leung (Thailand) Co. 

Over 3,000 new condo units were launched in the fourth quarter, bringing the overall number of new launches to slightly over 10,000 units in 2013 compared to 7,300 units in 2012, a record year for the CBD.

However, a lack of prime development sites will continue to drive demand for top-quality residential products in desirable locations.

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