Post by account_disabled on Jan 8, 2024 5:51:03 GMT
At the end of 2018, what was the supply like? I am the Chairman of the Executive Board. Thai Real Estate Research and Valuation Information Center, Agency for Real Estate Affairs Co., Ltd. (www.area.co.th) made the announcement at the executive seminar. "Residential Market Direction 2019" that the market in 2018 grew very unusually, that is, there was the launch of new residential projects consisting of detached houses, semi-detached houses, townhouses, shophouses, condominiums, and land allocated for There are 125,118 residential units in Bangkok and surrounding areas, an increase of 9.3% from 114,477 units opened in 2017. This opening number in 2018 is the highest in the past 5 years (since 2014).
Moreover, for the development value, it B2B Email List appears that in 2018 the opening value was as high as 565,811 million baht, an increase of 28.1% from 2017, which opened at 441,661 million baht. 2018 is considered to be the year with the highest development value in the 25 years surveyed. (Since 1994) The average price per unit in 2018 was as high as 4.552 baht, which is also the highest in 25 years. It can be noted that in 2017, the average price of housing launched was 3.858 million baht, showing It is seen that in 2018 the price increased by 17.2%. This clearly indicates that Thailand has undoubtedly had a real estate bubble in Bangkok and surrounding areas in 2018.
Normally, when a bubble occurs, This will continue for about 2-3 years before the bubble bursts the following year. If normal conditions follow, the newly formed real estate bubble will continue to grow in 2019, 2020, or even 2021, and in 2021-2 the bubble will burst. However, Dr. Sophon expects that the real estate bubble in Bangkok and The perimeter may break sooner. It's a small bubble of 2018 that may burst in 2019. But the real estate bubble in 2018 is a strange phenomenon. That is, it occurs only in Bangkok and surrounding areas. But in provinces and regions all over the country The real estate market situation is not good. Recession all over the country The real estate market is booming only in Bangkok.
Moreover, for the development value, it B2B Email List appears that in 2018 the opening value was as high as 565,811 million baht, an increase of 28.1% from 2017, which opened at 441,661 million baht. 2018 is considered to be the year with the highest development value in the 25 years surveyed. (Since 1994) The average price per unit in 2018 was as high as 4.552 baht, which is also the highest in 25 years. It can be noted that in 2017, the average price of housing launched was 3.858 million baht, showing It is seen that in 2018 the price increased by 17.2%. This clearly indicates that Thailand has undoubtedly had a real estate bubble in Bangkok and surrounding areas in 2018.
Normally, when a bubble occurs, This will continue for about 2-3 years before the bubble bursts the following year. If normal conditions follow, the newly formed real estate bubble will continue to grow in 2019, 2020, or even 2021, and in 2021-2 the bubble will burst. However, Dr. Sophon expects that the real estate bubble in Bangkok and The perimeter may break sooner. It's a small bubble of 2018 that may burst in 2019. But the real estate bubble in 2018 is a strange phenomenon. That is, it occurs only in Bangkok and surrounding areas. But in provinces and regions all over the country The real estate market situation is not good. Recession all over the country The real estate market is booming only in Bangkok.