Condo investment buyers are starting to rule the market again by scooping up ready-to-transfer units at discount prices and speculating to reap capital gains over the next two years as the pandemic fades, according to property consultants.
Thai developers aren’t slashing sticker prices on units. Instead, homebuilders are finding creative ways to save buyers money and stimulate the condo market demand. Special offers include developers making two years’ worth of mortgage payments for buyers. Other firms are waiving various fees and expenses.
The mortgage payment scheme has proven to be the most popular with investors. It allows them to buy now while prices are low and then possibly move on from their unit once the economy picks up in 2022.
Some Thai developers have begun rolling out support measures to clients while also launching discount programs to attract new customers.
These efforts cover the residential and retail sectors, both of which are suffering due to the ongoing COVID-19 crisis.