Demand in the condominium market has slowed as purchasing power has begun to soften. Because it has been affected in terms of income that continues for a long time, the newly launched condominium projects will have a price level lower than 100,000 baht per square meter to provide easy access to purchasing power and larger room styles, increasing the proportion of working at home to meet the needs of housing in the year of 2021.

While the asking prices in the first quarter of 2021 showed just a slight decline due to the situation that has not improved, we expect the prices to remain unchanged in the second quarter as there are still a lot of units remaining. The asking price would be approximately 1 to 3 million baht, and new projects are expected to be mostly scattered throughout the suburbs.