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REIC revises up property market outlook for this year

REIC Vichai Viratkapan

People discuss property deals at a house and condo fair.

The total residential property index projection for 2023 has been upgraded as reduced transfer and mortgage fees continue to offer benefits to buyers of mid-scale properties.

Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the total residential property index last year rose 21% to 91.7, from 75.7 in 2021. The 2022 figure is the highest since 2019.

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