A summary of the findings are as follows:

Only 5,960 units were launched in 4Q 2015.

• The number of newly launched units in 4Q 2015 was lower than that in 3Q by around 13%.
• The total of newly launched units in 2015 was approximately 34,670 units lower than in 2014, which accounts for around 30%.
• Most developers are still not confident on the purchasing power, so they have revised their plans for 2016.

Most developers are still more focused on the below THB100,000 per sq m market.

• Approximately 50% of the newly launched supply in 2015 is for sale at prices between THB50,001 – 100,000 per sq m.
• Approximately 28% of the total of new condominium units launched in 2015 are sold at prices lower than THB50,000 per sq m.

The demand in the condominium market in 2015 is still lower than developers' expectation.

• The average take-up rate of all new condominium units launched in 4Q 2015 was around 56%.
• Many condominium projects launched in 2015 did not achieve a high take-up rate.
• Some developers postponed the launching of their new projects in 2015.

The luxury condominium market is still an interesting market for big developers.

• Many luxury condominium projects are scheduled to be launched in 2016, especially in the City Area.
• Most luxury projects are focusing more on foreign buyers, and many developers will sell in Hong Kong, Singapore, China and Malaysia.

The new extension mass transit lines are the main factors boosting the condominium market in Bangkok and in the suburbs.

• The land prices along the existing mass transit lines are extremely high and not suitable for the below mid-level market.
• Many developers are looking for land along the new extension lines.
• Some new locations are gaining the interest of developers.

View this entire report here.