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Demand for Low-rise Residences Affecting by Fear of Floods

Demand for low-rise homes and townhouses shows signs of cooling this quarter due to concerns about flooding. Because severe flooding occurred during the 2011 monsoon season in Thailand.

"After floods hit the North, the Northeast and part of the Central region in late August and September, homebuyers in the suburbs of Bangkok such as Nonthaburi and Pathum Thani are delaying their decision to buy in the last quarter of this year," Samma Kitsin, director-general of the Real Estate Information Centre (REIC) of the Government Housing Bank, said recently.

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