Bangkok: New condominiums nearly absent – lowest in 10 years

🏙 Bangkok: New condominiums nearly absent – lowest in 10 years

The condominium market in Bangkok remained weak in Q2 2025: new launches dropped 94 % compared to last year – only 373 units, the lowest Q2 figure in a decade.

📉 Average take-up rate: 38.87 %
Property transfers also slowed as buyers stay cautious amid economic uncertainty, high debt levels, and safety concerns following the earthquake earlier this year.

🏢 High-rise projects in non-premium areas:
Demand remains weak. Developers should monitor buyer sentiment closely and adjust layouts or pricing if needed.

💡 Opportunity areas:

• Popular districts with developed infrastructure and attractive lifestyle – City Center, Rama 9, riverfront

• Limited supply continues to support prices and take-up rates

⚠️ Caution areas:

• Mass market under 100,000 Baht/sqm in remote areas

• Pressure on affordability, tighter mortgage terms, and oversupply reduce demand

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Tatyana Nesterova