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Tuesday, May 28, 2024

Condo sector remains stuck in doldrums

Anti-government protests that turned violent are expected to impact condo demand from foreign buyers, even though some relaxation of lockdown restrictions next month may help lift overall sentiment, according to property consultancy Edmund Tie & Co Thailand.

Neeranuch Kanokvilairat, research and consulting manager at Edmund Tie, said foreigners who were interested in Bangkok condos, particularly those from Singapore, Taiwan, Hong Kong and China, were starting to worry about the ongoing protests.

“They delayed purchases despite attractive deals during the pandemic,” she said.

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