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The Bangkok condo boom has been derailed by the ongoing COVID-19 pandemic and its impact is expected to be felt once again in 2021. Colliers International Thailand estimates that only 20,000 units hit the market this year, the lowest total in 15 years, as developers curb new Bangkok condo launches. This total is slightly less than 2020 when 21,643 units were launched in the Thai capital, according to Colliers International Thailand. That is a far cry from the more than 66,000 units to come onto the market in 2017 or the nearly 45,00 launched the following year. While there had been some hope of new Bangkok condo launches recovering in 2021, Colliers International Thailand Associate Director of Research and Communications Phattarachai Taweewong told the Bangkok Post that the new lockdown order likely extinguished that hope with many developers expected to delay condo projects once again. "Some developers may consider delaying new condo launches again as they are uneasy about feedback from buyers amid with the contagion," Khun Phattarachai told the newspaper. "Low-rise houses will remain the rising star.” Related: Developers go low in Bangkok to avoid condo glut With new Bangkok condo launches sputtering, many homebuilders turned their attention to the low-rise housing sector and found success in the process. For example, more than 60 percent of Sansiri’s total sales last year came from low-rise housing. Meanwhile, SC Asset recorded revenue growth of 18 percent and profit growth of 26 percent during the first six months of 2020 due in large part to a 116 percent rise in housing sales. Many of the firm’s housing projects saw record-setting presales with many selling out completely. There will be some new Bangkok condo launches in 2021, but developers are being cautious in regard to location. A few new projects in and around Thong Lor are slated to be launched since demand here remains strong and supply limited. Additionally, a few developers are lining launches around the under-construction mass transit lines in suburban Bangkok.

New Bangkok condo launches expected to hit a 15-year low

Cheyenne Hollis -
The Bangkok condo boom has been derailed by the ongoing COVID-19 pandemic and its impact is expected to be felt once again in 2021....
Supalai 2021 full Bangkok condo market recovery

Supalai is launching 20+ projects to close 2021, keeps ambitious sales target

Cheyenne Hollis -
While the COVID-19 pandemic has slowed many developers down in 2021, Supalai has bucked that trend and continues to be active. The homebuilder recently...
Santiburi The Residences Singha Estate

No condos, more houses from Singha Estate this year

Cheyenne Hollis -
While Singha Estate has built its early reputation as a homebuilder on Bangkok condominiums, the firm will focus on houses as well as other...
Grand Palace in the heart of Bangkok, residence of the King of Thailand. Thailand-Property.com

Father of the Nation: H.M. King Bhumibol Adulyadej

Virginia Ewart-James -
As His Majesty King Bhumibol Adulyadej’s 87th birthday approaches this week on the 5th of December, the entire nation is gearing up to pay...
BEATNIQ from SC Asset

Get to know some of the best projects in Thailand

Cheyenne Hollis -
Luxury. Excitement. Potential. Winning projects at the Dot Property Thailand Awards 2019 feature all of these traits. Let’s take a look at some of...
Wearnes Automotive Dot Property Southeast Asia Awards

Dot Property Southeast Asia Awards 2019 VIP guests to arrive in style thanks to...

Cheyenne Hollis -
Guests at the Dot Property Southeast Asia Awards 2019 will arrive in style thanks to Wearnes Automotive, one of Southeast Asia's most prominent car...
Cissa Group

Cissa Group signs up for the Dot Property 48 Hour Mega Sale

Cheyenne Hollis -
Cissa Group is a leader in Phuket property development. The firm is behind several outstanding resorts and health and wellness projects that cater to...
Northeast Thailand real estate

Strong economy to support a quick Northeast Thailand property market recovery

Cheyenne Hollis -
A strong local economy supported by manufacturing, transportation and the construction sectors will help spur a quick Northeast Thailand property market recovery that could...
Khanom & Sichon

Listing of the Week – An affordable alternative to Ko Samui

Cheyenne Hollis -
Featuring a great variety of beaches and the laid back lifestyle Thailand is famous for, Khanom & Sichon in Nakhon Si Thammarat Province should...

Chiang Mai's best Neighborhoods: Nimmanhaemin

Virginia Ewart-James -
If you are looking to relocate to northern Thailand and the idea of living in an artistic, creative and fashionable neighborhood appeals to you,...
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