Buoyed by the comeback of tourist arrivals and export growth, the condo market for the rest of this year is projected to fully recover, particularly the middle to upper-end segments, says SET-listed developer Supalai.
Managing director Tritecha Tangmatitham said the condo market resumed starting in the fourth quarter last year, with the number of walk-in customers rising by 15% year-on-year in the first quarter of 2022.
"Condo sales clearly recovered in the fourth quarter of 2021, resuming in the first quarter this year with our best results in five quarters despite a peak in Covid-19 cases during that quarter," he said.