Monday, May 3, 2010

Condo is booming or is bursting for Bangkok market

One of the  industrial experts  expects that there will be 50,0000-60,000 units of condominium launched this year up from 33,300 from 2009. But when we look at the real demand and the situation dragged by political turmoil. Are we bursting or are we booming?

Though, world economic slump has the largest impact on foreign investment and the political crisis is another major impact but when we look at the proportion of buying objective between investment and residency  (30:70). The real demand is still there.We are not close to busting.