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Strong vacancy rates in Bangkok condo market

Posted on 23 December 2010

From Property-report.com: Thailand’s Agency for Real Estate Affairs (AREA) said in its latest survey that there’s no sign of oversupply in the Bangkok condominium market, with its modest 21 per cent vacancy rate. According to AREA president Dr. Sopon Pornchokchai, the company surveyed 103 condominiums completed within the past eight to 12 months in central Bangkok.
Of the 40,027 units in total, 79 per cent, or 31,584, units were occupied. Of the occupied units, 73 per cent of 22,914 units were owner-occupants, while the rest ware tenants……………………………………….Full Article: Source

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