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Bangkok Post
Bangkok Post
Business

Thailand's northern residential market rebounds to pre-Covid levels

North Chiang Mai Economy REIC
Sansiri launched The Base Height-Chiang Mai in March this year and recorded sales of 70%. Chiang Mai was the largest housing market in the North with newly launched supply accounting for 50% of the total.

The residential market in key northern provinces is reviving to pre-Covid levels following a recovery in tourism, which is boosting the local economy, though higher development costs remain a concern.

Soranand Sethi, president of the Chiang Mai Real Estate Association, said the economy in Chiang Mai improved thanks to a recovery in the tourism and retail sectors.

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