Bangkok super prime condo sales rate hits 83% in H1

Over 4,300 units were sold out of a total supply of over 5,100 units.

Demand for super prime and prime condominiums during the first half of the year continued to be strong, according to Knight Frank. This was mainly due to the addition of new supply, thus the sales rate slightly decreased. 

Knight Frank data revealed that the total number of super prime condominiums sold amounted to 4,309 units out of a total supply of 5,194 units. The sales rate was at 83.0%, decreased by 0.3% from the previous year. 

The total number of prime condominiums sold amounted to 4,216 units out of a total supply of 5,271 units. The sales rate was at 80.0%, increased by 2.3% from the previous year. 

Knight Frank says the main buyers were still Thai buyers who are wealthy as a group of real demand. In addition, we began to see Chinese groups returning to buy partially, reflected by the number of ownership transfers since the beginning of the year. An additional key buying decision factor is proximity to international schools.