Condo buyers appraise developers following quake

Condo buyers have become more cautious, selecting developers that act responsively and effectively to circumscribe the recent earthquake-raised safety anxieties in Bangkok's high-rise condo market.

- KANAHA KATHARANGSIPORN

Phattarachai Taweewong, research and communication director at property consultant Colliers Thailand, said his team has marked a turning point, prompting consumers to reassess the condo market with greater depth and caution.

"Many condo buyers have started clearly distinguishing between developers, especially in how they respond to crises and take responsibility for residents, as seen in buyers' behaviour following the incident," he said.

"Developers that responded quickly by inspecting structures, enhancing safety, and offering emotional support or long-term assurance, regardless of legal obligations, stood out, said Mr Phattarachai.

"In contrast, slow or dismissive responses damage trust and will affect future buying decisions, he said.