The price of condominium units in Bangkok, Nonthaburi and Samut Prakan for the first quarter of this year has increased 4.9 percent compared to the same period last year with the price of mid-range condominium units priced between 80,000-120,000 baht per square metre going up by an average of 5.6 percent.

According to the real estate information centre of the Government Housing Bank, the price of condominium units priced above 120,000 baht per square metre has adjusted up 4.8 percent for the first quarter compared to the same period last year. The price of condominium units in the range of 50,000-80,000 baht per square metre has increased 4.3 percent.

The top five locations where condominium units have fetched higher prices this year are Sukhumvit, Phaya Thai-Ratchathevi, Nonthaburi, Silom-Sathorn and Bangrak.

However, the price increase rate for the first quarter of this year is still lower than the rate registered in the fourth quarter of last year which averaged 5.1 percent.

The price increase was attributable to the fact that the condominium buildings, especially the upper mid-range, are located in close proximity to mass transit stations.

The price of single houses in Bangkok, Nonthaburi and Samut Prakan for the first quarter increased by an average of 1.7 percent compared to the same period last year.

Price of condo units edge up 4.9 percent for first quarter - Thai PBS English News