Housing sales up 3% in 2012

Transfers of residential rights in Bangkok and nearby provinces in 2012 were up 3% year-on-year, the Government Housing Bank (GHB) reported on Tuesday.

Residential rights transfers relate to buyers having to register the transfer of ownership from the seller, mostly real estate firms, to the buyer as the new owner.

Bangkok (File Photo)

Housing rights transfers totalled 156,300 units, a slight increase from 151,400 units reported in 2011, according to the bank.

Of the total, 66,700 units, or 43%, were condominiums, 46,000, or 29%, were townhouses, 26,700 units, or 17%, were single detached houses, 12,800 units, or 8%, were shophouses and 4,100 units, or 3%, were "twin-houses", or semi-detached homes.

GHB said the total value of the transferred assets was up 12% from 2011 to stand at 357 billion baht.

The transfer value of living units in condominiums was the largest, at 135.7 billion baht, followed by stand-alone  houses (105.8 billion baht), townhouses (73.8 billion baht), shophouses (32.4 billion baht) and twin-houses (9.4 billion baht).

Areas that had the largest number of transferred rights to new horizontal housing units were Muang and Bang Phli districts of Samut Prakan, Muang and Lumlukka districts of Pathum Thani and Muang district of Samut Sakhon.

Areas with the largest number of transferred rights over second-hand horizontal housing units included Bangkapi, Samut Prakan’s Muang district, Nonthaburi’s Bang Bua Thong district, Bang Khun Thian and Pathum Thani’s Lumlukka district.

Areas that had the largest number of transferred rights to new living quarters at condominiums were Bang Kapi, Phrakhanong, Nonthaburi’s Muang district, Bang Sue and Nonthaburi’s Pakkred district.

The largest number of second-hand living quarters in condominiums was tin Bang Kapi, Phrakhanong, Muang and Bang Yai districts of Nonthaburi, Bang Sue and Muang district of Nonthaburi.

Related search: Residence sales, condominium sales, housing market, bangkok, thailand, government housing bank

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