Sharp declines were reported in the supply of and demand for resort real estate in November, which fell 80 per cent and 90 per cent, respectively, compared to November last year.

According to the latest DKRA report on resort property, difficulties in the market as well as global economic and geopolitical uncertainties have caused investors to continuously postpone sales.

In the resort villa segment, supply was down sharply in November compared to October and reached its lowest level since the beginning of the year. While 170 units from six projects were opened for sale, supply was down 70 per cent year-on-year.

Market demand was down 83 per cent year-on-year, with transactions completed on only 56 units.

In townhouse / shophouse products, though there was a slight increase in November compared to October, total supply was down 78 per cent year-on-year.

Market demand in the segment declined 96 per cent year-on-year. Most projects reported slow sales and limited transactions, with the consumption of townhouses / shophouses reaching only 15 per cent in November.

Prices remained stable compared to October but rose 9-12 per cent year-on-year.

It has been forecast that supply and demand for the townhouse / shophouse and resort village segments will remain unchanged in December.

Meanwhile, condotel supply saw a slight increase of 6 per cent against October, mostly in projects in the south, but market demand is still modest.