After houses, let’s have a look on the condos/apartments market.
The BOT has some property indicators. Unfortunatly, since january 2006 they’ve changed their calculations (by using the datas from the Land Department instead of housing registrations from district offices).
Therefore, we need to go to the source : the Land Department (stats here).
This chart shows the “Condos/Apartments Registrations Nationwide“, per units, from 2000 to 2007 (9 months only, to 30 september).
Definition given by the BOT : “This is the request to register the developers’ condominium when the construction of condominium and facility is complete 100%, excluding decorating.”
Orange = Bangkok. Yellow = other provinces.
What to say ? Strong growth in Bangkok. The total supply for the whole year 2007 (on the chart only 9 months) could be higher than 2006.
Excepted the “anomaly” recorded in 2006, the market up country is going back to its average.
What is interesting is the datas about the number of buildings (given on the website of the Land Department, not on the BOT’s website). I will report it on another chart.
are there any metrics on price trends?
this is a great site
thanks