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Hundreds of new projects to dump the market |
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A total number of 117 residential projects worth up to
Bt72.07 billion to be launched into both Bangkok and suburban market this year
will create fierce competition in the property market, according to a survey
conducted by a property agency Agency for Real Estate Affairs.
Nearly a half of total 117 projects or 62 projects will be city condominium
projects, 33 projects will be detached house, 19 projects are townhouse, as the
rest three projects will be double house. Average per project will have 220
units at price average Bt2.8 million per unit.
Top ten locations for launch new residential projects are including Sukhumvit,
Rama IV, Phaholoyothin road, Klong San, Bang Na-Trad KM 1030, Pattanakan,
Yanawa-Silom, Rama V Bang Krouy, Rachada, Lad Prao, Pracha Uthid, and
Rachayothin.
The agency's managing director Wasan Kongchan said that demand for residential
price between Bt1 million per unit and Bt2 million per unit has continued growth
for the both detached house and city condominium.
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