Condo launches climb in bangkok

The number of condominiums launching in Bangkok is climbing, according to CBRE.

The firm's latest report shows that despite the sluggish overall economy, there was a continued increase of 96 per cent year-on-year in downtown condominium launches.

After launching few midtown and suburban projects in Q1, developers returned to the market in the second quarter of 2016, launching more than 16,800 new units, an increase of 116 per cent quarter-on-quarter.

"We believe that the buyers of these successful projects were not only end-users, but also speculators and buy-to-rent investors," says CBRE, "However, many other midtown and suburban condominiums have been struggling with sales, especially entry-level to mid-range projects launched in this quarter."