AP to launch 5 rental projects for 13 billion baht in 2022, early pre-sale gains

AP Thailand is planning to develop 5 apartment complexes at a projected cost of 13 billion baht in 2022, citing a significant enhance in presales in Bangkok’s condo market in Q1 this 12 months.
The chief of the condominium enterprise group says the condominium market in Bangkok has proven optimistic signs within the final six weeks, with AP registered 1.08 billion baht in presales from January 1 to February 15 for a 250% enhance year on 12 months.
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“Mass market rental with prices of 2-3 million baht a unit is in excessive demand. To avoid mortgage lending rejection, we’ll work with monetary partners to assist pre-approve customers’ monetary qualifications before the transfer period.”

The 5 new projects AP has deliberate for this 12 months are 61% greater than these deliberate final year. 3 of them are partnerships with Japanese developer Mitsubishi Estate Group. The whole worth of their sales is projected to be 10.four billion baht.
In the primary half of 2022, AP plans to debut three new condominium buildings in areas where it expects a lot of interest, including the Sukhumvit-Rama IV, Pin Klao-Arun Amarin and Ratchayothin areas, with selling prices starting at 2 million baht.
โซล่าเซลล์ in Thailand is projected to remain less aggressive than pre-pandemic levels. AP expects 30-40% take up price for low-rise buildings and 25% absorption for high-rise properties.
According to the Real Estate Information Center, the quantity of recent condominium items accomplished in Bangkok in 2021 and 2020 was 21,463 and 29,773 items, respectively — a major drop from fifty four,769 in 2019 and 77,289 units, respectively, in 2018..

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