MAY 2013 | CHIANG MAI CONDOMINIUM MARKET
DEMAND TAKE-UP RATE OF ALL CONDOMINIUM PROJECTS IN THE MARKET, MAY 2013
Source: Colliers International Thailand Research
The average take-up rates in both areas are approximately 72%. This is around 5% lower than in the previous year, due to many condominium units being launched in the second half of 2012 and the first five months of 2013. Around 1,960 units, or 48% of the total units in the market, were launched in 2011. The Outer City area shows the best performance with more than 1,760 units being built from 2011 to May 2013. However,
COLLIERS INTERNATIONAL | P.8
the average take-up rate is still close to that in the City area. Some condominium projects launched in 2012 by listed developers sold out quickly after the official launch, including dcondo Campus Resort and d’Vieng Santitham by Sansiri Plc. and Supalai Monte @ Vieng Chiang Mai by Supalai Plc. In addition, Sansiri Plc. plan to launch a new condominium project in 2013 which will probably also sell out quickly.