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Sunday, April 21, 2024

Rayong residential market to see rebound in 2021

Mr Premsorn says 80% of demand in Rayong was from those working in industrial estates.

The residential market in Rayong will improve next year, led by low-rise housing segment, while a recovery in Chon Buri is foreseeable in 2022, according to the Real Estate Information Center (REIC).

Vichai Viratkapan, REIC acting director-general, said new residential sales in Rayong in the second half of 2021 would total 2,525 units worth 6.14 billion baht, close to the five-year average for this period at 2,663 units.

The largest number of units being sold will be low-rise houses with 2,338 units worth 5.7 billion baht and the rest will be condo units.

“Our estimate is based on the assumption that there’s no political demonstrations,” he said. “If the government launches a stimulus package to boost the property…

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