Thailand’s New Building Market Slows Amid Project Delays
- brg_news_room
- 3 days ago
- 1 min read
THAILAND: The Thai condominium market experienced a notable slowdown in the first half of 2025, according to Knight Frank analysts. Major developers such as Sansiri, Sena, Major Development, and SC Asset delayed the launch of new projects, Real Estate Asia reported. However, experts highlighted opportunities in the secondary market, where significant discounts are currently available.
"Over the past six months, no significant projects for the construction of new condominiums have been launched, reflecting weak customer confidence and a consequence of the tightening of credit conditions. The number of unsold properties remains high, and the pace of sales is low," the analyst noted.
Overall, the housing market remains stable. Properties priced between 5 and 10 million baht (USD 150,000–300,000) continue to see strong demand, supported by banks’ lending readiness and growing interest from young buyers. In contrast, sales of high-end homes valued above 20 million baht (USD 600,000) have weakened, as many potential buyers adopt a wait-and-see approach amid ongoing political and economic uncertainty.
Source: Knight Frank