2023-09-19 16:07:05
Real Estate Information Center Evaluate the overall market for low-rise buildings and condominiums.quarter 2Bangkok-metropolitan areas adjusted sharply. Number of new housing developments launched 11,224 units decreased -7.8% Condominium number 11,856 units decreased -27.3% While new sales were gained, the number of units decreased –32.3%, especially condominiums, decreased -56.5% More units remaining for sale 190,000 units
Dr. Wichai Wiratkaphan, Inspector of the Government Housing BankRah and Acting Director of the Real Estate Information Center Revealed that the overall picture of the housing market includes both horizontal projects and condominiums. There are at least 6 units remaining for sale in the Bangkok area and 5 surrounding provinces in the second quarter of 2023. There are a total of 206,246 residential units for sale, valued at 1,019,318 million baht, expanding by 3.3% and 5.3%, respectively, compared to the previous period. same as last year Of these, only 23,080 units are newly launched projects, accounting for 11.19% of the total units offered for sale, valued at 127,774 million baht.
The number and value of newly launched units decreased from the same period last year -19% and -6.6%, respectively, divided into housing projects with 11,224 units, down -7.8%, worth 80,299 million baht, and condominium projects with 11,856 units. Decreased -27.3%, project value 47,475 million baht, increased 5.9%
In terms of new residential sales, there were a total of 15,959 units with a total project value of 83,499 million baht. New sales of condominium projects amounted to 5,909 units, a decrease of -56.5%. Total project value was 24,900 million baht, a decrease of -53.1%, and it was a housing project. Number of 10,050 units, value 59,490 million baht, decreased -8.9%.
As a result, there are a total of 190,287 units remaining for sale, an increase of 8%, valued at 935,819 million baht, an increase of 9.9%. Housing estates have a total of 116,057 units remaining for sale, an increase of 6.1%, valued at 645,182 million baht, an increase of 15.8%. Condominiums remain for sale. Sold 74,230 units, an increase of 11.2%, valued at 290,637 million baht.
houseOnly open for sale at most 32,947 units
However, if we separate only the low-rise housing market in the Bangkok-metropolitan area. It was found that there were 126,107 units offered for sale, valued at 704,672 million baht, an increase of 5.7% and 13.2%, respectively, compared to the same period last year. Single-family homes were offered for sale the most, with 32,947 units, an increase of 15.9%, while townhouses had 69,356 units for sale, a decrease of -0.3%.
As for new sales of low-rise homes, there were 10,050 units worth 59,490 million baht and the absorption rate was stable at 2.7, showing that the low-rise housing market is relatively stable, similar to the first quarter of 2022, while the number of homes All types of new residences have a higher growth rate than average following COVID. or between 2022 and the present by commercial buildings and semi-detached houses They had the highest expansion rates, 26.1% and 25.6%, respectively, except for townhouses, which had a decrease in new sales rate of -7.5%, while detached houses had a slight expansion rate of 3.3%.
In this regard, the number of housing units remaining for sale is as much as 116,057 units, being the most single houses remaining for sale. The rate increased to 17.1%, while semi-detached houses had an increase of 11.7%, townhouses had an increase of 0.4%, while commercial buildings had a decrease of -0.9%.
Newly opened condominium11,856 units decreased -27.3%
As for the condominium market in the Bangkok-metropolitan area There were 80,139 units for sale worth 314,646 million baht. The number of units decreased -0.3% and the value decreased -8.9%, respectively, compared to the same period last year. Of this number, there were 11,856 units of newly launched projects, a decrease of -27.3%, worth 47,475 million baht.
open5 locationsLow-rise housing for sale in Bang Phli-Bang Bo-Bang Sao Thong wins the championship
For locations in the low-rise residential market that have the highest sales and a high absorption rate. Consisting of the Bang Phli-Bang Bo-Bang Sao Thong zone, sales were 1,727 units, valued at 9,962 million baht, absorption rate 3.5% per month. Mueang Samut Prakan-Phra Pradaeng-Phra Samut Chedi locations, sales were 995 units, valued at 3,585 million baht, with absorption rate 3.3% per month.
Bang Yai – Bang Bua Thong – Bang Kruai – Sai Noi locations, sales of 992 units, value 5,047 million baht, absorption rate 1.9% per month, Mueang Samut Sakhon location, sales 933 units, value 3,744 million baht, absorption rate 4.5% per month, and Lam Luk Ka – Thanyaburi, sales 882 units, value 3,642 million baht with an absorption rate of 1.9% per month
As for horizontal residential locations with the highest number of units remaining for sale, they include Bang Yai – Bang Bua Thong – Bang Kruai – Sai Noi. There are 16,811 units left for sale, valued at 83,218 million baht, in the Bang Phli-Bang Bo-Bang Sao Thong location, 14,689 units are left for sale, valued at 79,073 million baht, in the Lam Luk Ka-Thanyaburi location, 14,501 units are left for sale, valued at 57,010 million baht, in the Khlong Luang-Nong Suea location, 13,112 units are left for sale, valued at 46,477 million baht, and Location Muang Pathum Thani-Lat Lum Kaeo-Sam Khok, 10,344 units remaining for sale, worth 42,653 million baht.
The highest price level for horizontal housing remaining for sale is the group of houses priced at 3.01-5 million baht, with 37,068 units remaining for sale, worth 151,278 million baht, the price level 2.01-3 million baht, 34,924 units worth 95,177 million baht, and the price level 5.1- 7.5 million baht, 17,406 units, value 110,101 million baht
Condominium location for sale is good. “Huai Khwang-Chatuchak-Din Daeng” stands number one
For condominium market locations in the 2nd quarter that had the highest sales and high absorption rates, the Huai Khwang-Chatuchak-Din Daeng locations had 699 sales units valued at 2,497 million baht, the asset absorption rate was 2% per month, the Khlong Luang-Nong Suea locations had 656 sales. Units worth 1,610 million baht, absorption rate 8.7% per month, Mueang Nonthaburi-Pak Kret location, sales 615 units, value 1,233 million baht, absorption rate 3.1% per month, Phra Khanong-Bangna-Suan Luang-Prawet location, sales 588 units, value 1,731 million baht, absorption rate 2.2% per month and the Thonburi-Klongsan-Bangkok Noi-Bangkok Yai-Bang Phlat location, sales of 426 units, value 1,454 million baht, absorption rate 1.6% per month.
While the selling price level with the highest units remaining for sale is in the price group of 2.01- 3 million baht, with a total of 26,507 units remaining for sale, worth 72,703 million baht, the price level of 3.01-5 million baht has 15,431 units left for sale, worth 60,4002 million baht. baht and the price is 1.51 – 2 million baht. There are 10,063 units left for sale, valued at 19,859 million baht.
Dr. Wichai said Overall, in the second quarter, housing sales continued to decline from the first quarter of 2023. Compared to 2022, the sales rate dropped to -32.3%, while the absorption rate was adjusted to 2.6%, which is different from the absorption rate. lining in the second quarter of 2022, which was 3.9%, which was the largest decrease in the condominium group compared to the same period of the previous year. The sales rate decreased to – 56.5%.
Evaluate the whole year 2566 There is supply in the market of 95,732 units.
In addition, the overall picture for 2023 has been assessed. It is expected that there will be a total of 95,732 housing units entering the market, divided into housing projects of 56,646 units and condominium projects of 39,086 units, with an expansion rate of -12.5%. It is estimated that There were a total of 80,239 new sales entering the market, consisting of 47,375 housing units and 32,864 condominium units, a decrease of -15.6% compared to 2022.
The number of units remaining for sale in the market totaled 198,282 units, an increase of 7.5%, divided into 127,043 housing units and 71,239 condominium units.
As for the outlook for 2024, the Real Estate Information Center predicts that the housing market will recover. This is a result of the adjustment of entrepreneurs in the market to balance between unsold products and newly launched products. It is expected that there will be a total of 108,886 new housing units for sale, an increase of 13.7% compared to 2023, divided into 63,794 housing units and 45,091 condominium projects. It is also expected that there will be new sales of 109,184 units, an increase. 36.1% is divided into 62,862 housing units and 46,323 condominium projects. The remaining units for sale will total 197,984 units, divided into 127,976 housing units and 70,008 condominium units.
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