Real Estate Signals in Khon Kaen: Mid to Long-Term Demand Expected to Recover Quickly
Ocean Property Accelerates Campaigns to Boost Purchasing Power in Q3

Ocean Property assesses that the real estate market in Khon Kaen is likely to recover faster than expected due to the continuous decline in COVID-19 cases in the area. The government's vaccination plan is rolling out nationwide, creating opportunities in the mid to long-term housing market. The "real demand" for self-living and investment remains strong, prompting a shift in sales strategy with ongoing campaigns like the "Summer Deal," starting at 1.33 million baht, to stimulate sales for the Ocean Grand Residence in Mittraphap-Khon Kaen.

Mr. Napong Paripontpochanapisuti, Managing Director of Ocean Property Co., Ltd., a comprehensive quality real estate developer, stated that the third wave of COVID-19 has inevitably impacted the real estate market again, particularly in terms of purchasing power, which has slowed down, along with delayed decision-making in line with the overall economic situation. However, if the vaccination target of 70% can be achieved by Q3-Q4, the real estate market in Khon Kaen is expected to recover sooner than anticipated due to several factors, including the preparedness of operators who have learned and adapted from previous experiences, allowing them to cope well with the new wave of outbreaks by rapidly developing new campaigns to stimulate purchasing power. Another crucial factor is the continuous decline in infection rates since early April.

Nevertheless, the COVID-19 pandemic has led to the establishment of new living standards like never before. Even during the pandemic, Ocean Property has found that the demand for housing continues, as customers inquire about project details and visit ongoing projects. Ocean Property has implemented strict cleaning measures and adhered to COVID-19 prevention measures consistently. Customers can visit the sales office in person or contact to view sample units or speak with the sales team online.

“Today, consumers are looking for housing that meets their lifestyle needs. Even though we are still in a period of COVID-19 outbreaks, there are still some customers with purchasing power who want to own a home. Buying a house during this time can be seen as a golden opportunity for customers,”

The positive trend observed in the Khon Kaen real estate market recently shows continuous sales driven by the demand for genuine housing or real demand, reflecting that people are still looking to purchase homes despite the ongoing COVID-19 situation. This is evident from the sales that have already reached nearly 50% of the project “Ocean Grand Residence Mittraphap-Khon Kaen,” an 8-story condominium with 236 units located in a prime area in the heart of Khon Kaen, next to Mittraphap Road. The new condo features a Rooftop Fitness Center and Infinity Edge Pool, with prices starting at 1.33 million baht.

“The continuous sales are a result of developing products that meet the true housing needs in the price range of 1 – 2.5 million baht, allowing this market to continue to grow even amid uncertain economic conditions like COVID-19. Additionally, promotional activities like Ocean Gold Pro in the first quarter have played a significant role in driving sales,”

In the last month of Q2, to further stimulate purchasing power, Ocean Property has organized a special ongoing campaign with the scorching promotion “Summer Deal.” When booking and signing a contract, customers will receive an iPhone 12 Pro* for just 1.33 million baht per unit* from now until June 30, 2021 (*conditions apply as specified by the company).

“I believe that the real estate market has passed its lowest point since last year and is waiting for the right moment to recover. A key variable is controlling the COVID-19 outbreak effectively and rapidly vaccinating the majority of the population to restore normal economic activities and instill confidence in both Thai and foreign buyers to travel and purchase housing in Thailand. Additionally, measures to stimulate purchasing power through various initiatives will help push the overall market in a positive direction in both the mid and long term,” Mr. Napong concluded.

Interested parties can visit the sample units at the project sales office or online every day. For more details, visit the website www.oceanproperty.co.th or call 02-038-5011. Follow other news updates at:


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