Knight Frank Chartered (Thailand) Co Ltd
"Condominium Market Q3 2023"
The Summary Highlight
- This quarter witnessed a 45.4% decrease in the number of newly launched supplies for sale, accompanied by a moderate deceleration in demand for these new supplies.
- Grade B properties emerged as the most favored among the recently launched supplies for sale, primarily due to their lower incidence of loan rejection compared to grade C
- Demand slowed down because of higher interest rates and household debts. Additionally, there is a lack of definitive indicators pointing to a significant resurgence in Chinese buyer activity.
- The average selling price across all areas experienced a decrease of 0.1% as developers want to stimulate purchasing power.
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