Bangkok’s Condominium Glut at Risk of Worsening After Earthquake

A condominium glut in Bangkok is set to worsen after a deadly earthquake in neighboring 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 damages to about 13,000 buildings, leading to mass evacuations and safety checks.

The quake, the strongest to hit Myanmar in a century, has shaken the confidence of prospective home buyers, especially those weighing condominiums, according to real estate consultants including Colliers Thailand. That ...