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Thailand has a whopping $41b in unsold homes

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THAILAND has a total of 454,814 residential units worth US$41 billion left unsold last year, a local industry expert said.

President of the Agency for Real Estate Affairs, Sopon Pornchokchai on Thursday said unsold units in Bangkok made of for 40 percent of the total units left over from 2018 and 55 percent of the total value.

“This meant that Bankok has become the only primate city in Thailand,” he said.

He said the supplies included detached houses, semi-detached houses, townhouses, shophouses, condominiums, and residential land subdivision catered by formal private housing developers in Thailand.

SEE ALSO: Thailand’s upcoming general election faces another delay

Bangkok had the........

© Asian Correspondent