Cheaper condos dominate new launches, survey reveals | Bangkok Post: property

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Cheaper condos dominate new launches, survey reveals

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Condominium units priced at 1-2 million baht accounted for the largest number of new launches last year due to strong demand from real buyers, speculators and investors, according to leading property consultant Agency for Real Estate Affairs. 

President Sopon Pornchokchai said the ratio of speculators and investors to real buyers in this price range tends to increase from 1:2 to 1.1:1.9.

"Buying for rent is in an upward trend as yields are approximately 6% a year, which is more attractive and higher than interest from a bank deposit," he said yesterday.

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