A total of 454,814 residential units across the country were left unsold last year, with a total value of US$ 41 billion, according to Sopon Pornchokchai, president of the Agency for Real Estate Affairs.
The supplies in the Bangkok Metropolitan Region constituted 40% of the total units available and 55% of the total value.
These supplies included detached houses, semi-detached hoses, townhouses, shophouses, condominiums (owner-occupied apartments) and residential land subdivision catered by formal private housing developers in Thailand.
In 2018, 448 housing projects were launched with a total number of units of 126,167 units with a total value of USD 17,267 billion in the Bangkok Metropolitan Region. This is consider a boom indeed.
Dr.Sopon Pornchokchai, President, the Agency for Real Estate Affairs
Bangkok has the largest unsold supply
The largest unsold inventory were in Bangkok with a total number of units of 91,600 units (20% of the total). Chonburi in the east was the second with a total supplies of 34,400 units (8%) followed by Nonthaburi (32,700 units, 7%),…