PUBLISHED : 19 Oct 2023 at 08: 00 The cost index of brand-new apartments in Nonthaburi and Samut Prakan decreased for 4 successive quarters duetothefactthat of an oversupply of unsold systems in older tasks, mostly within cost sections impacted by unfavorable elements. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), stated the continuous decrease in the cost index for the 2 provinces can be partially associated to older jobs that haveactually been on the market because before2021 “There was a considerable stock of unsold apartment systems in tasks released more than 3 years ago in these provinces. These jobs had lower advancement expenses than the morerecent ones,” he stated. REIC reported the overall number of unsold condominium systems in Nonthaburi amounted to 6,705 worth 14.8 billion baht as of the end of the 2nd quarter of2023 Of this number, building of more than half (3,485 systems) hadactually been finished and 87% were priced at 3 mi
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