Weak baht drives demand for bangkok condos

The weakness of the Thai baht has helped to drive up interest in condos in Bangkok, according to developers.

The introduction of the ASEAN Economic Community, which brings 10 countries in Southeast Asia together to form a single market for goods and services, helped to fuel interest last year, but the baht's weakness was also a key factor.

Indeed, the baht has weakened from 33 per US dollar to between 35.50 and 36.

Sansiri president Srettha Thavisin told NationMultimedia.com: "Although luxury condominiums in Bangkok's CBDs have high prices, they are still lower than for condominiums in many other Asian economies, especially Singapore, Hong Kong, and Taiwan."