Bangkok Post – New residential sales fell 22.5% in 2023

March 29, 2024

Decreased by 14.5% in the fourth quarter

Miniature house models on display at a recent property fair. According to the Real Estate Information Center, supply of low-rise houses tallied 15,770 units worth 144 billion baht in the fourth quarter of 2023. (Photo: Varuth Hirunyatheb)

New residential units sold in Greater Bangkok in the fourth quarter of 2023 declined by 14.5% year-on-year, resulting in a 22.5% decrease for the full year, according to the Real Estate Information Center (REIC).

Vichai Viratkapan, the centre’s acting director-general, said the residential market…