AP to launch 5 rental initiatives for 13 billion baht in 2022, early pre-sale positive aspects

AP Thailand is planning to develop 5 condo complexes at a projected value of thirteen billion baht in 2022, citing a major improve in presales in Bangkok’s condo market in Q1 this yr.
The chief of the condominium enterprise group says the condominium market in Bangkok has shown optimistic signs within the final six weeks, with AP registered 1.08 billion baht in presales from January 1 to February 15 for a 250% improve yr on year.
Looking for property in Bangkok? Click HERE to see hundreds of obtainable properties.
“Mass market apartment with prices of 2-3 million baht a unit is in excessive demand. To avoid mortgage lending rejection, we are going to work with monetary companions to help pre-approve customers’ monetary qualifications before the transfer period.”

The 5 new initiatives AP has planned for this yr are 61% more than those planned last year. three of them are partnerships with Japanese developer Mitsubishi Estate Group. The complete worth of their gross sales is projected to be 10.4 billion baht.
In No risk of 2022, AP plans to debut three new condominium buildings in areas where it expects lots of curiosity, together with the Sukhumvit-Rama IV, Pin Klao-Arun Amarin and Ratchayothin areas, with promoting prices starting at 2 million baht.
The real property market in Thailand is projected to stay less aggressive than pre-pandemic ranges. AP expects 30-40% take up fee for low-rise buildings and 25% absorption for high-rise properties.
According to the Real Estate Information Center, the quantity of recent condominium items completed in Bangkok in 2021 and 2020 was 21,463 and 29,773 items, respectively — a major drop from fifty four,769 in 2019 and seventy seven,289 models, respectively, in 2018..

Leave a Comment