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Bangkok Post
Bangkok Post
Business

EXPLAINED: Low rise index declines in q1 | Vintage Vibes

Bangkok Vichai Viratkapan Nonthaburi Greater Bangkok Samut Prakan
Mr Vichai says the price index of single detached houses in Bangkok dropped 1.2% quarter-on-quarter and 2.5% year-on-year.

The price index of new low-rise houses in Greater Bangkok declined in the first quarter of 2023 as developers aimed to boost sales from their inventories of single detached houses that were built earlier at a cheaper cost.

Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the quarter-on-quarter drop was primarily driven by decreasing prices of single detached houses priced over 10 million baht.

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