Real Estate Information Center keeps an eye on the housing market after the fourth quarter of 2022, with new projects launched in Bangkok and its vicinity, increasing 15.5%, pushing sales volume to 900 billion baht.
Mr. Wichai Wiratkapan, Inspector of the Government Housing Bank and Acting Director of the Real Estate Information Center revealed that the housing market situation in the fourth quarter of the year 2022 in Bangkok and its vicinity Continued growth from the third quarter, with positive factors from measures to reduce ownership transfer fees and mortgage fees for housing not exceeding 3 million baht and the Bank of Thailand (BOT) temporarily relaxing LTV measures until December 31, 2022. As a result, the overall picture of the housing market, especially in the Bangkok-perimeter area, continued to improve.
In the fourth quarter of 2022, there was an expansion of new housing projects launched for sale, 205,806 units, an increase of 4.0 percent, creating 27,759 new residential units, an increase of 15.5 percent, while the demand for New housing sales amounted to 21,282 units, an increase of 5.1 percent compared to the previous quarter. As a result, the absorption rate at all price levels remained stable. Continuing from the third quarter due to new residential homes being sold increased less than new products enter the market As a result, the unsold housing units reached 184,524 units, an increase of 3.8 percent, valued at 916,410 million baht, an increase of 5.2 percent.
Overview of the survey of residential projects in the Bangkok-perimeter area On the supply side, the number of supply for sale as of the fourth quarter of 2022 totaled 205,806 units, a 4.0 percent increase, a value of 1,034,031 million baht, an increase of 5.0 percent, divided into 76,930 condominium units, an increase of 7.3 percent, a value of 322,772 million baht, an increase of 6.0 percent. Housing projects 128,876 units, an increase of 2.1 percent, worth 711,259 million baht, an increase of 4.6 percent compared to the previous quarter
Source: Thai News Agency