Mrs. Nalinrat Charoensuphong, Managing Director of Nexus Property Marketing Co., Ltd. revealed that this year marks the 20th anniversary of the company’s opening of consulting services, marketing and real estate sales throughout the past 20 years. In the past, there has been a clear change in the condominium market in all aspects. both the volume of the opening of the project purchase demand, price, location, and consumer behavior In addition, the incidence of the COVID-19 epidemic This makes forecasting the market more difficult.
According to data research, at the end of 2021, there were 694,000 condominium units in Bangkok and its vicinity, especially in 2021, only 16,800 new condominium units were opened, which is the lowest in 12 years while the price in the past 20 years. Has adjusted up to 3 times from an average price of 48,000 baht per sq m in 2001 and in 2019, the highest price has been adjusted at an average of 141,800 baht.
But due to the impact of COVID-19 As a result, operators have to adjust product styles to better match the market demands. As a result, the average price has dropped to 128,600 baht/square meter at the end of 2021, including a return to condo construction. The price that customers reach or budget condos are more, resulting in the average price of newly opened condominiums down to 86,100 baht per sq m.
in terms of demand It was found that the sales generated during the year from the need for real living With price being the deciding factor for buyers over the past year. and made in the past year It had the lowest condominium sales in 12 years with only 23,400 units sold. The market total sales rate was 94%.
As for the condominium market trend in 2022, it is expected that growth will return slowly. The new sales volume is not less than 30,000 units, while the total market price may be stable – not much increase. This is because newly launched condominiums still penetrate the budget condo group outside the city due to the expansion of the city and various electric trains.
as well as consumer demand for housing near BTS and condos. Another market is the luxury market in the heart of the city. from the need for a second home near work, near school, or when getting older want to move into the city for convenience in travel Maintaining a compact, safer and more comfortable housing
