Property developers in the greater Bangkok area have been saddled with about 235,000 unsold residential units at the end of 2024. - AP
BANGKOK: A condominium glut in Bangkok is set to worsen after a deadly earthquake in neighbouring Myanmar damaged thousands of skyscrapers in the Thai capital, spooking prospective buyers.
The 7.7 magnitude earthquake, which killed more than 2,700 people in Myanmar, led to the collapse of an under-construction office tower in Bangkok. Authorities have also reported varying degrees of damage to about 13,000 buildings, leading to mass evacuations and safety checks.
