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Bangkok Post
Bangkok Post
Business

MYSTERIOUS: Setting a standard for luxury residences - What They Never Told You

Luxury Sansiri SLC Inflation Ralph Lauren Recession
The Gampu Lounge at 98 Wireless.

Competition in the luxury residential market is heating up, with new supply increasing and novel players emerging as demand continues to grow, with the wealthy unaffected by high inflation and recession.

During 2017-19, new housing supply in the Bangkok luxury segment totalled 785 units, or roughly 260 units per year. For 2020-21, the total soared to 800 units, or 400 per year, according to property consultancy CBRE.

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