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Sold condo units to more than double this year E-mail
Written by Administrator   
Tuesday, 29 June 2010 14:14

CONDOMINIUM projects will continue enjoying the highest growth among other kinds of property projects this year, an industry executive said.

Samma Kittasin, director of the Property Data Center, said condominium projects remained very attractive among potential buyers in the first quarter of this year as the number of condominium units whose ownership was already transferred totaled60,000 units, more thandouble that of the same quarter last year.

Mr. Samma said another 60,000 units are due to start up the rest of this year, adding that many property developers actually planned to launch their projects in the second quarter, but had to postpone the launchings owing to the recent political turmoil.

“They are monitoring the economic situation in the third quarter of this year.

Should the situation improve and return to normal, they will launch the construction of the 60,000 units in the fourth quarter,” he said.

He said that based on the information gathered by the center, property projects, particularly condominiums, are located in areas where mass transit systems.

Last year projects that are of interest among potential purchasers are located along the Blue Line Bangsue-Tha Pra electricity train route, the Blue Line Hua Lampong-Bangkaeroute, the Red Line Bangsue-Rangsit route, the Green Line Berling-Rangsit route, and the Green Line Mor Chit-Saphan Mai route.

The number of condominium units sold in 2009 totaled 87,500 and those expected to be sold this year are projected to reach 189,000 units.

 
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