Second-hand condo units register gains

Transfers rose for five prices ranges in Q1

- KANANA KATHARANGSIPORN

Second-hand condo transfers nationwide in the first quarter of 2025 increased across most price segments, primarily due to weakened purchasing power, according to the Real Estate Information Center (REIC).

Kamonpop Veerapala, president of Government Housing Bank and acting director-general of REIC, said diminished purchasing power led many homebuyers to opt for second-hand units in similar locations.

"Affordability is a key factor," he said. "Second-hand units are generally more affordable than new ones. In many cases, buyers can find similar locations and usable space at significantly lower prices."