GH Bank Information Center reported on the results of the real estate market research in the second half of 2021 in the area of the Eastern Economic Corridor, namely in the provinces of Chachengsao, Chonburi and Rayong. It was found that 11,351 new properties were sold in the second half of 2021, an increase of 4% compared to the same period last year, and the sales value was 34,361 million baht, an increase of 2.4%. In low-rise projects, 8,348 new residential units were sold, which was an increase of 4.4% compared to last year, in the amount of 23,145 million baht (an increase of 6.5%), while 3,003 new apartments were sold in condominiums (an increase of 2.7%) in the amount of 11,216 million baht (decrease by 7%).
It is expected that 2022 will be a period of recovery in both demand and supply. Real estate sales in the three provinces of the Eastern Economic Corridor are projected to increase by 7.3% from 20,192 real estate units in 2021 to 21,675 real estate units in 2022. The total cost will increase by 8.6% from 60,562 million baht in 2021 to 65,774 million baht in 2022.
This year, the housing market in Chonburi is already showing strong growth. After the market entered a sluggish state since 2019 and overcame the lowest point in 2021, 12,513 new residential units are planned to be put up for sale in 2022, which means an increase of 99.9%, the total cost of which will be 44,376 million baht (an increase of 181.2% compared to last year). It is expected that at least 13,916 new real estate units worth 46,494 million baht will be sold.
It is expected that at least 6,097 real estate units will be put on the market, which is 13.3% more than last year, which is 14,679 million baht.
In Chachengsau, it is expected that 1,658 new real estate units will be put on the market, or the cost of 4,292 million baht.