Bangsaen Condominium RepoRt - Colliers

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Bangsaen Condominium RepoRt - Colliers

Bangsaen Condominium Report | April 2012Historical supply by location and year, April 2012Source: Colliers International Thailand ResearchSource: Department of Land, Colliers International Thailand ResearchRemarks: Statistics for the year 2012 are from January to April only.The total number of condominium units in Angsila is the highest. Thefirst project started before 1992 and was completed within the sameyear. In 1994, new government offices developed by the local governmenton Phraya Satcha Road lend to new condominium projects but nonewere added after 1994. Angsila is a local community area where most ofthe population are fishermen.The more interesting areas are Northern Bangsaen and SouthernBangsaen. There are many condominium projects under development inboth areas. The first condominium project in Northern Bangsaen startedin 1994 and kept increasing annually until 2002 when the increment tooka few years until 2012.The condominium project in the Southern Bangsaen area was found in2005 and increased at around 154 units per year until 2012.Students from Burapa University are the main driver for condominiumproject development in the Northern and Southern Bangsaen areas.Students have changed their lifestyle from apartments to condominiumsand then sell their units after graduation.COLLIERS INTERNATIONAL | P. 3

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