Pumipat Sinacharoen, chief people officer at AP (Thailand) Co, says it is still possible to find buyers for resale condominium units in good locations or areas where supply is otherwise low.
But the second-hand condo market can also be affected by first-time buyers whose loan applications are not approved. Developers often put such properties on the market again at prices lower than resale units offered by investors in a bid to sell them off.