{"id":25707,"date":"2021-11-08T06:44:54","date_gmt":"2021-11-07T23:44:54","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25707"},"modified":"2022-01-25T18:17:22","modified_gmt":"2022-01-25T11:17:22","slug":"bangkoks-supply-index-records-7-rise-in-q4-2021","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/bangkoks-supply-index-records-7-rise-in-q4-2021\/","title":{"rendered":"Bangkok’s Supply Index records 7% rise in Q4 2021"},"content":{"rendered":"

The Price Index for condominiums decreased as consumers shifted their attention to horizontal properties<\/span>\u00a0<\/span><\/p>\n

\"\"
The Price Index of Bangkok\u2019s residential property went from 183 points to 178 points, a two percent quarter-on-quarter decrease.\u00a0\u00a0MahaHeang245789\/Shutterstock<\/figcaption><\/figure>\n

Despite Thailand\u2019s ease in COVID-19 in Q3 2021, the residential property price index has constantly declined, while the supply index has steadily increased, as reported in DDproperty\u2019s Thailand Property Market Index Q4 2021<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

As a result of the ongoing COVID-19 outbreak, real estate prices in Q4 2021 aren\u2019t going to increase any time soon. Weak purchasing power continues to hinder real estate\u00a0market\u00a0recovery, so developers are offering\u00a0promotional\u00a0strategies such as discounts to attract buyers.\u00a0<\/span>\u00a0<\/span><\/p>\n

The Price Index of Bangkok\u2019s residential property went from 183 points to 178 points, a two percent quarter-on-quarter decrease.\u00a0<\/span>\u00a0<\/span><\/p>\n

The Price Index for condominiums declined by two percent quarter-on-quarter and dropped by 11 percent year-on-year, since many consumers shifted to horizontal property projects like single-detached houses and townhouses.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

Meanwhile, the supply index increased from 428 to 458 points, around seven percent quarter-on-quarter.\u00a0<\/span>\u00a0<\/span><\/p>\n

Horizontal properties attributed to the rise in supply, seeing that the Index for single-detached houses jumped by 10 percent quarter-on-quarter, while townhouses rose by\u00a0eight percent for the same period.<\/span>\u00a0<\/span><\/p>\n

On the other hand, the Supply Index for condominiums remained stable.\u00a0Nevertheless, condominiums accumulated the highest ratio of all residential supply in Bangkok at 86 percent, while single-detached houses and townhouses\u00a0accounted\u00a0for eight and six percent, respectively.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Thailand estimates $24 billion by attracting long-term foreign residents<\/strong><\/a><\/p>\n

Locations outside CBD areas and in the outskirts of Bangkok, such as Wang\u00a0Thonglang\u00a0and Lat Phrao,\u00a0recorded the highest Price Index growth due to the new and upcoming sky train routes.<\/span>\u00a0<\/span><\/p>\n

Moreover, 2021 is still\u00a0relatively\u00a0a\u00a0good time for buyers with strong purchasing power, owing to lower prices and other\u00a0favourable\u00a0factors such as attractive interest rates and\u00a0lower ownership transfer fees.<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0<\/em>propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Price Index for condominiums decreased as consumers shifted their attention to horizontal properties\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[134,831,512,133],"class_list":["post-25707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-bangkok","tag-price-index","tag-residential","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nBangkok's Supply Index records 7% rise in Q4 2021 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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