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According to CBRE Thailand, the Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter.
Total midtown and downtown supply is now purportedly approximately 350,000 units where the majority of supply is in the midtown area, and the market for downtown condominiums is now a low volume high-value market with a limited amount of future supply.
Source: CBRE Thailand