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Bangkok Post
Bangkok Post
Business

Eastern Economic Corridor condo prices decline again in Q1

EEC

Condo prices in the Eastern Economic Corridor (EEC) declined in the first quarter, marking a second consecutive quarterly decrease as developers accelerated stock clearance campaigns amid sluggish purchasing power and elevated unsold inventory.

According to the Real Estate Information Center (REIC), the EEC condominium price index was 101.9 points in the first quarter, down 1% year-on-year and 0.3% quarter-on-quarter.

The decline reflected a large volume of unsold units in the market, particularly in locations that continued to record new project launches despite slowing demand.

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