Housing for senior citizens will grow in popularity as developers compete for this segment of the market amid an ageing population in Thailand, the research report said. It analyses data from the past year to forecast market trends in the next six to 12 months, helping buyers, sellers, renters or lessors to not only understand the market, but to prepare plans and make decisions with greater confidence. Real estate demand in Bangkok in 2016-2017 was supported by developers launching projects near future mass transit lines and the city’s fringe areas. However, when the government’s economic stimulus package expired in the second quarter of 2016, demand became sluggish for most of 2017. “On the supply side, 2018 may see even more projects from developers compared to 2017, so the real estate market is forecast to show signs of improved health next year.”

Source: The Nation Bangkok December 14, 2017 05:28 UTC