Home tenants reduce, owners sell condos Second-hand-townhouses priced below 1.5 million skyrocket
Mr. Wichai Wiratkapan bank inspector And Acting Director of the Real Estate Information Center (REIC) revealed the situation of second-hand housing announced for sale at the end of the 4th quarter of 2022. It was found that the most advertised types were grouped in 3 categories, respectively,
1. Single detached houses of 67,907 units (41.7% proportion), worth 461,011 million baht (53.6% proportion).
2. Townhouse 44,722 units (27.5% proportion) worth 109,616 million baht (12.7% proportion) and
3. Condominiums, 44,016 units (27.0% proportion), worth 257,896 million baht (30.0% proportion).
While commercial buildings and twin houses have the least proportion of the number of units and the advertised value.
Second-hand houses below a million hits
Mr. Wichai said In depth considerationSelling price of second-hand housing It was found that the price level of housing that was announced for sale the most was clustered in 3 price levels respectively.
is 1. Price not exceeding 1.00 million baht, 40,364 units (24.8% proportion), but relatively small value, 21,807 million baht (2.5% proportion), which has an average price per unit of 0.5 million baht.
2. Price level 2.01-3.00 million baht, 25,417 units (15.6% share), value 63,941 million baht (7.4% share), which has an average price per unit of 2.5 million baht and
3. Price level 3.01-5.00 million baht, 24,998 units (15.3% proportion), value 97,964 million baht (11.4% proportion).
Second-hand homes under 3 million expand.
Mr. Wichai said that it was noted that second-hand housing at a price not exceeding 3 million baht had expanded from the previous quarter. The price level is not over 1.00 million baht, an increase of 10.8%, the price of 1.01-1.50 million baht, an increase of 4.0%, and the price of 2.01-3.00 million baht, an increase of 6.3%, except for the price of 1.51-2.00 million baht, with the same volume as before. decreased by only -0.4 percent, most of which were second-hand residences in the form of condominiums and townhouses
Tenants are decreasing, causing owners to gradually sell.
The reason why second-hand houses in the lower middle class, priced below 1.5 million baht, are brought out for sale in large numbers. Most of them are condominiums. At one point, there was a project being developed at a low price of millions. and the BOI house project It is possible that at that time more than 10 rooms were bought by the lot to be rented out. because of good returns But later the return decreased.
In addition, there are fewer renters. Causing the owners to bring them out for sale in order to make a profit and get better returns, at the same time, at this price level that is a first-hand house on the market is harder to find. In addition, government measures promote real demand to have a house from transfer fee reduction measures For those who buy houses priced less than 3 million baht as well
“From the above factors raises the question that Lower-middle-class housing that has been developed and promoted to allow low-income people to really reach this group of people or not, and when looking further down, it was found that Some financial institutions and the Legal Execution Department also sold their assets. Which the data center must continue to study how much houses from this group are on the market”
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