Bangkok Condominium Market Expected to Recover by 2027 Amid Lingering Economic Slowdown BANGKOK, Thailand — October 2025 — Bangkok’s condominium sector is not expected to see a full recovery until 2027, as the market continues to grapple with weak economic conditions and cautious consumer sentiment ahead of Thailand’s next general election, according to property consultancy […]
The first-quarter net profits of 10 publicly listed residential property developers in Thailand dropped to 3.56 billion baht in Q1 2025, marking the lowest level in more than a decade, according to a report by Kasikorn Securities, as subdued demand and economic sluggishness continued to pressure the sector. The report from Kasikorn Securities attributed the […]
Thailand’s real estate sector has called on the government to accelerate investment in large-scale infrastructure projects and introduce a windfall tax on land near such developments, as part of efforts to boost economic recovery and increase state revenue. The proposal was made public on Monday, with industry representatives suggesting a shift in fiscal policy priorities. […]
The earthquake that struck Bangkok on Friday has sparked renewed concerns about the structural integrity of high-rise buildings, unsettling prospective buyers and dampening the outlook for condominium sales and transfers in the second quarter of 2025. Market analysts warn the impact could mark the weakest quarterly performance for the sector in 15 years. According to […]
SET-listed hospitality company Dusit Thani is set to develop a 2-billion-baht branded residential project in Hua Hin, leveraging 114 rai of land where the Dusit Thani Hua Hin hotel is located. The development, named Dusit Ajara Hua Hin, will consist of 96 units offered under a 60-year leasehold agreement, with the official launch scheduled for […]
Pattaya’s luxury real estate market is experiencing a strong rebound, spurred by an influx of international tourists, expanding infrastructure, and growing demand for premium beachfront properties. One such development, Sansiri’s PTY Residence Sai 1, has seen remarkable success, with the foreign ownership quota selling out within hours following its launch on March 6, 2025. The […]
SET-listed property developer Sansiri is set to launch 29 new projects in 2025, valued at a combined 52 billion baht, as it pivots towards the upper-end market segment. Despite a lower number of projects compared to the previous year, the company aims to boost presales by 6% to reach 53 billion baht, citing continued strength […]
Supalai, a prominent real estate developer, remains optimistic about expanding its market share in 2025 despite a forecasted slowdown in the Thai property sector. The year is expected to witness the lowest number of new residential projects in 15 years, driven by a sluggish economy, high household debt, and a high loan rejection rate. However, […]
PROUD Real Estate Public Company Limited, a leader in luxury real estate, has unveiled its forward-thinking “ALL IS WELL” vision, focused on holistic and sustainable living. The company plans to launch three new projects in Bangkok suburbs, Hua Hin, and Phuket, valued at 9.2 billion baht, aiming to achieve 10 billion baht in revenue by […]
Bangkok developers are increasingly venturing into Phuket’s condominium market as foreign demand continues to surge, compensating for subdued local interest. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand, highlighted the remarkable growth of Phuket’s property market over the past two years. “The surge in foreign tourist arrivals has been a key driver, turning […]
SET-listed developer AP Thailand has introduced a new condo brand, “Good Day,” targeting lower-priced market segments and fully-furnished units designed to attract both end-users and investors seeking rental income. The launch comes despite slowing demand in Thailand’s residential market, according to Niyamaporn Tohsanguanpun, AP’s senior vice-president of sales and marketing. The Good Day brand will […]
PROUD Real Estate Public Company Limited elevates wellness in Thailand’s property sector, earning the prestigious Fitwel Built Certification for its InterContinental Residences Hua Hin. This landmark achievement makes the development of Thailand’s first move-in-ready condominium and the world’s first InterContinental-branded residence meet the globally recognized Fitwel wellness standards. The certification reflects PROUD’s commitment to sustainable, […]
At least four new condominium projects in the luxury and super-luxury segments are set to debut in Bangkok’s inner-city areas between November 2024 and mid-2025, driven by strong demand from foreign buyers and limited new supply this year. Developers are positioning themselves to capitalize on a market rebound anticipated next year. Artitaya Kasemlawan, head of […]
Sansiri Public Company Limited has completed a major transaction, selling its Standard International brand to Hyatt Hotels Corporation for $150 million. The deal, which highlights Sansiri’s commitment to expanding its hospitality ventures, is particularly significant for Hua Hin, where several of the acquired properties are located. Hyatt’s acquisition includes a majority of Standard International’s brands […]
Two Australian nationals lodged a formal complaint on September 3 at Kamala Police Station in Phuket, accusing Kata Beach Company, the developer behind The Peaks Residences, of fraud. The men, who had paid over 5 million baht for a condominium unit, claim they have yet to receive the property despite winning a civil court case […]
The Thai Hotels Association (THA) has voiced strong opposition to the government’s plan to permit foreign ownership of up to 75% in condominium units. The association argues that this proposal could lead to intense price competition and disrupt the hospitality market. These concerns were articulated during a recent industry meeting addressing key sector issues. Tourism […]
Phuket’s real estate market is experiencing an unprecedented boom, surpassing pre-COVID levels, with a reported 500 active projects valued at 470 billion baht ($12.8 billion USD) in the first quarter of 2024, according to the Agency for Real Estate Affairs (AREA). This surge is largely driven by the high demand for vacation homes and condominiums […]
Sansiri, a SET-listed developer, will continue its condo business strategies to address slow economic growth, focusing on locations with strong demand across all pricing segments. Ongart Suwannakul, senior vice-president for high-rise project development at Sansiri, explained that the condo market is expected to remain sluggish in the second half of the year, reflecting the broader […]
Nationwide Residential Construction Slumps Amid Weak Demand in Early 2024 The residential construction area permitted across the nation in the first quarter of 2024 is projected to hit its lowest level in three years, indicating a significant slowdown in new residential developments due to diminished demand. The Real Estate Information Center (REIC), led by Acting […]
The condo market in Cha-am continues to face significant challenges, with a substantial inventory of unsold units projected to take up to a decade to be fully absorbed, according to property consultant Colliers Thailand. Conversely, the Hua Hin condo market is experiencing robust activity. Phattarachai Taweewong, director of the research department at Colliers, highlighted the […]