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More Bangkok condominiums were sold in the first six months of 2013 than in the whole of last year, according to data from Jones Lang LaSalle (JLL) published in its latest Pulse Bangkok Property Market Monitor.

Sales grew by a staggering 151.8 percent year-on-year during H1 2013, although the real estate agency noted that the previous period saw low sales as Bangkok and other parts of Thailand started to recover from the severe flooding of late 2011.

Sales rates at condominium projects launched in Bangkok during the first half of 2013 averaged 66.8 per cent - an increase from the 55.7 percent rate for comparable units that were launched during the same period in the previous year.

JLL noted that this is indicative of an increasingly strong market given the relatively large number of new launches.

Three high-end condominium projects that were launched in 1H 2013 - Edge by Sansiri, The Edition Saphan Kwai by Pruksa and Klass Langsuan - sold out within 24 hours of being launched. All three projects are located next to mass transit stations.

JLL added that high-end and luxury condominium projects continue to be in demand from both Thai and foreign end-user buyers and investors.

 

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