Condo prices leap 48% since 2009 | Bangkok Post: property

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Condo prices leap 48% since 2009

Housing supply nears surplus in some areas

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Prices of condo units in Greater Bangkok have skyrocketed by 48% on average over the past four years, while those of townhouses and single houses rose by 36% and 25% respectively, according to a survey by SET-listed developer Sena Development Plc. 

Six locations where the company found continuing increases in condo prices were Kae Rai-Laksi-Ram Intra, Bang Sue-Nonthaburi, Ratchada (Lat Phrao-Makkasan), On Nut-Bearing, Bang Na-Suvarnabhumi and Taksin-Bang Wa.

Executive director Kessara Thanyalakpark said condo prices in those locations rose from 68,000 baht per square metre on average in 2009 to 100,000 baht this year _ an increase of 48% in four years.

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