In the second half of 2022, entrepreneurs are adjusting their strategies to cope with the policy of raising the minimum wage, the cost of construction is also increasing and this greatly affects the residential real estate market.
Developers believe that the middle price segment will suffer the most from the price increase. More expensive houses priced from 2 million baht to 5 million baht can be kept in the same price segment by changing the layout and using other materials.
In the case of unsold objects in ready-made projects, developers may have to agree to reduce their profits in order to maintain the same prices.
The demand for the purchase of real estate will continue now, as in the first half of the year, the decision-making may be slower than before.
Now there is still an opportunity to purchase housing at the old price in projects under construction and already completed by the end of the year. Further, prices are unlikely to be restrained.