The overall absorption rate of residential supply in three key eastern provinces in the first quarter this year soared to 4.7% from 2.6% at the end of 2021 due largely to strong demand for low-rise houses among those employed in the industrial sector.
Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said residential sales in locations near industrial estates improved significantly in line with a recovery of the industrial sector.
"The top three locations for low-rise houses sold in Chon Buri, Rayong and Chachoengsao in the first quarter of 2022 were all in industrial estate zones, namely Amata City-Eastern Seaboard, Hemaraj and the Amata City-Bypass, respectively," he said.
