Thailand Property Market 2026: Data, Trends, Forecast
Thailand's 2026 condominium market in data — 14,899 foreign transfers in 2025, prices by market, yields, developer activity, 2027 forecast, key risks.
The Thailand market in one paragraph
Thailand registered 14,899 foreign condominium transfers in 2025 worth 60.92 billion THB, up roughly 2.2% on unit volume but down on inflation-adjusted value as the buyer mix tilted toward mid-market stock (REIC, Thailand Land Department Annual Report 2025). Chonburi (Pattaya plus Sri Racha and surrounds) took 33.4% of unit volume; Bangkok held the largest share of value; Phuket delivered the fastest growth in premium beachfront absorption (C9 Hotelworks H2 2025). Chinese buyers remained the largest single cohort, Myanmar overtook Russia into second place on units, and Russian volume still grew 8.6% year on year. Prices grew 4 to 6% YoY across the Eastern Seaboard and 7 to 9% in branded beachfront, while Bangkok mid-market inventory lengthened and developers pivoted capital to luxury and foreign-targeted product (CBRE 2026 Outlook; Cushman & Wakefield Q1 2026; Knight Frank 2026). Policy rates held at 2.00%, the baht ranged 34.5-36.5 against USD, and the LTR and DTV visa stacks kept channelling long-stay capital into condo demand. The 2027 base case: +2 to +4% unit volume growth, +3 to +5% average price growth, with Pattaya and Phuket compounding infrastructure tailwinds and Bangkok dependent on rate trajectory and mid-market absorption.
1. Executive summary: the 2026 numbers that matter
| Metric | 2024 | 2025 | 2026 YTD direction | Source |
|---|---|---|---|---|
| Foreign condo transfers (units) | 14,573 | 14,899 (+2.2%) | +1 to +3% base case | REIC / Land Dept 2025 |
| Foreign transfer value (THB bn) | 73.16 | 60.92 (-16.7%) | Flat to +5% | REIC / Land Dept 2025 |
| Chonburi share of units | 32.1% | 33.4% | Stable | REIC 2025 |
| Bangkok share of value | ~34% | ~31% | Rising on luxury mix | CBRE 2026 |
| Phuket share of units | ~13% | ~14% | Rising | C9 Hotelworks H2 2025 |
| Chinese share of units | 32-35% | ~33% | Stable | REIC 2025 |
| Myanmar share of units | ~9% | ~13% (+41.8%) | Rising | REIC / Khaosod English |
| Russian share of units | ~9% | ~8% (+8.6%) | Flat | REIC / Khaosod English |
| Policy rate (BoT) | 2.25% | 2.00% (Oct 2025 cut) | Hold 2.00% | Bank of Thailand |
| USD/THB range | 33.8-36.9 | 34.5-36.5 | 34-36 base case | Bank of Thailand |
Unit volume grew. Value fell, because the mid-market took share from luxury Bangkok. That is the single most important data point in this report. It explains why developers are pivoting to higher tiers, why Pattaya and Phuket are outperforming, and why the 2027 recovery base case is volume-led, not price-led.
Figure 1 render: svg — Thailand foreign condo transfers by province 2025, treemap (Chonburi 33.4%, Bangkok 22.1%, Phuket 14%, Prachuap 5%, others).
2. Supply: launches, pipeline, unsold inventory
Condo launch supply was concentrated in Bangkok and the Eastern Seaboard in 2025, with unsold mid-market stock extending and premium-tier absorption firm (JLL Thailand 2026; Colliers Thailand Q4 2025).
2.1 New condo launches by market (2025)
| Market | Launched units 2025 | YoY change | Pipeline 2026 (est) | Primary drivers |
|---|---|---|---|---|
| Bangkok (BMR) | ~32,000 | -8% | ~35,000 | Orange Line corridor, luxury pivot |
| Pattaya / Eastern Seaboard | ~11,500 | +14% | ~13,000 | Foreign demand, EEC, HSR anticipation |
| Phuket | ~8,800 | +22% | ~10,500 | Branded beachfront, Chinese and Russian demand |
| Chiang Mai | ~1,400 | -5% | ~1,500 | Thin market, DTV digital-nomad demand |
| Hua Hin | ~1,800 | +3% | ~2,000 | Domestic second-home plus Scandinavian buyers |
| Koh Samui | ~1,100 | +40% | ~1,600 | Villa-condo hybrid formats, branded operators |
Data compiled from CBRE Thailand 2026 Outlook, Knight Frank Thailand 2026, Colliers Thailand Q4 2025, C9 Hotelworks H2 2025. All figures approximate; Bangkok uses Bangkok Metropolitan Region definition.
2.2 Unsold inventory (months of supply, end-2025)
| Market | Mid-market (<100k/sqm) | Upper-mid (100-200k) | Luxury (>200k) |
|---|---|---|---|
| Bangkok | 34 months | 22 months | 14 months |
| Pattaya | 28 months | 19 months | 12 months |
| Phuket | 21 months | 15 months | 9 months |
| Hua Hin | 24 months | 18 months | 16 months |
| Chiang Mai | 30 months | 22 months | — |
| Koh Samui | — | 17 months | 10 months |
The Bangkok mid-market figure is the structural drag on national value. The luxury layer clears. That is why Sansiri, Origin, AP Thailand and others pushed upward in 2025. (Savills Thailand 2026; JLL Thailand 2026; Colliers Thailand Q4 2025.)
3. Demand: foreign buyers by nationality, domestic absorption
Chinese buyers remained number one at roughly a third of national units, Myanmar jumped 41.8% to number two, Russians held around 8% with 8.6% growth, and demand diversified into Indian, Taiwanese, American and GCC cohorts (REIC 2025 foreign demand dataset; Khaosod English, March 2026).
3.1 Top 10 foreign buyer nationalities (Thailand, 2025)
| Rank | Nationality | Units 2025 | YoY | Share of foreign volume |
|---|---|---|---|---|
| 1 | China | ~4,917 | -3.1% | 33.0% |
| 2 | Myanmar | 1,968 | +41.8% | 13.2% |
| 3 | Russia | 1,172 | +8.6% | 7.9% |
| 4 | Taiwan | ~830 | +6% | 5.6% |
| 5 | United States | ~700 | +3% | 4.7% |
| 6 | United Kingdom | ~610 | +2% | 4.1% |
| 7 | France | ~510 | +5% | 3.4% |
| 8 | Germany | ~470 | +1% | 3.2% |
| 9 | India | ~440 | +19% | 3.0% |
| 10 | Singapore | ~380 | +4% | 2.6% |
Aggregated from REIC 2025 foreign demand dataset as reported by Khaosod English and Nation Thailand, March 2026. Where REIC has not published the exact figure, counts are modelled from share splits in published reporting.
- China 33.0%
- Myanmar 13.2%
- Russia 7.9%
- Taiwan 5.6%
- United States 4.7%
- United Kingdom 4.1%
- France 3.4%
- Germany 3.2%
- India 3.0%
- Singapore 2.6%
- Other 19.3%
Figure 2 render: svg — Foreign buyer nationalities Thailand 2025, donut (China, Myanmar, Russia, Taiwan, US, UK, France, Germany, India, Singapore, Other).
3.2 Domestic absorption
Bangkok domestic end-user velocity softened through 2025. Household debt above 88% of GDP, a still-tight mortgage rejection environment at mid-tier incomes, and lagging real wage growth held back sub-5M THB absorption (World Bank Thailand Economic Monitor, Feb 2026). Upper-middle and HNW Thai buyers continued to absorb luxury and upper-tier stock, often as investment units, which is why Bangkok luxury sell-through held above 60% within 12 months (Colliers Thailand Q4 2025).
4. Prices: YoY change by market and segment
Condo prices rose 3 to 6% on average nationally in 2025, with premium beachfront (Pattaya, Phuket) and Bangkok CBD luxury outperforming, and Bangkok outer areas flat to marginal (Cushman & Wakefield Q1 2026; Knight Frank 2026; CBRE 2026 Outlook).
4.1 Average price per sqm and YoY delta (new-build, 2026 Q1)
| Market / segment | Avg THB/sqm 2026 Q1 | YoY delta | 5-yr CAGR |
|---|---|---|---|
| Bangkok CBD luxury (Ploenchit, Sathorn, Langsuan) | 295,000-420,000 | +5% | +4.2% |
| Bangkok Sukhumvit prime (Phrom Phong, Thong Lor) | 225,000-320,000 | +4% | +3.5% |
| Bangkok Sukhumvit outer (Ekkamai, On Nut, Bang Na) | 120,000-175,000 | +1% | +1.8% |
| Bangkok Ratchada / Rama 9 | 130,000-195,000 | +2% | +2.4% |
| Pattaya Central (Beach Road, 2nd Road) | 110,000-185,000 | +5% | +3.9% |
| Pattaya Beachfront premium (Wongamat, Pratumnak seaview) | 170,000-280,000 | +8% | +5.2% |
| Pattaya Jomtien new-build | 100,000-160,000 | +5% | +4.1% |
| Pattaya Naklua mid-market | 70,000-110,000 | +3% | +2.6% |
| Phuket west coast (Bang Tao, Surin, Kamala) | 180,000-340,000 | +9% | +6.7% |
| Phuket south (Rawai, Nai Harn) | 120,000-210,000 | +5% | +4.1% |
| Chiang Mai (Nimman, Hang Dong) | 75,000-135,000 | +2% | +2.0% |
| Hua Hin | 90,000-160,000 | +3% | +2.8% |
| Koh Samui (branded) | 160,000-300,000 | +9% | +7.1% |
Compiled from CBRE Thailand 2026 Outlook, Cushman & Wakefield Q1 2026, Knight Frank Thailand 2026, Savills Thailand 2026, C9 Hotelworks H2 2025, Colliers Thailand Q4 2025, Hipflat Q1 2026 listing medians cross-checked against broker inventory.
Figure 3 render: svg — Price per sqm bar chart by market segment, 2026 Q1 with YoY overlay.
4.2 The Bangkok luxury vs mid-market divergence
Bangkok CBD luxury grew 5% in 2026 Q1 YoY. Bangkok outer grew 1%. That five-point gap is the largest price-growth divergence inside the Bangkok market since 2017. The driver is supply: the luxury pipeline is thin, the mid-market pipeline is long. Unsold mid-market units in Bangkok run above 34 months of supply (Colliers Q4 2025). Luxury sells in 12 months.
5. Rental yields by market
Gross rental yields nationally average 5 to 6% long-let; Pattaya and Phuket beachfront clear 7 to 9%; A-grade beachfront short-stay runs 8 to 11% where legally operable (GlobalPropertyGuide Q1 2026; Bamboo Routes Sep 2025; Hipflat Q1 2026).
5.1 Yield panel (long-let, gross)
| Market | Gross yield range | Median | Notes |
|---|---|---|---|
| Bangkok CBD luxury | 3.5-5.0% | 4.2% | Capital growth tilt, not yield |
| Bangkok Sukhumvit mid | 4.5-6.0% | 5.3% | Strong tenant base |
| Bangkok outer | 5.0-6.5% | 5.7% | Higher yield, weaker growth |
| Pattaya Jomtien | 5.5-7.5% | 6.4% | Mid-market yield hub |
| Pattaya Wongamat | 4.5-6.5% | 5.5% | Premium drags yield |
| Pattaya Naklua | 6.5-8.0% | 7.1% | Highest Pattaya yield |
| Pattaya Pratumnak | 5.5-7.0% | 6.2% | Seaview premium |
| Phuket west coast | 5.0-7.0% | 6.1% | Short-let upside |
| Phuket south | 6.0-8.0% | 6.8% | Local tenant base |
| Chiang Mai | 5.5-7.0% | 6.2% | DTV tenant pool |
| Hua Hin | 4.5-6.0% | 5.2% | Seasonal |
| Koh Samui | 6.0-8.5% | 7.1% | Branded short-let |
Compiled from GlobalPropertyGuide Q1 2026, Bamboo Routes September 2025 Pattaya rental series, Hipflat Q1 2026 area medians, and named broker inventories.
5.2 Short-stay where legal
Thailand’s Hotel Act prohibits short-stay letting below 30 nights in non-licensed residential buildings. A handful of Pattaya and Phuket projects are hotel-licensed or daily-rental-zoned. In those buildings, gross yields clear 8 to 11% on well-run programmes. For the rest of the market, 30-day minimum is the legal floor and monthly-plus rents drive the yield numbers above.
6. Developer activity
SET-listed residential developers posted softer domestic presale velocity in 2025 and pivoted 2026 capital deployment toward luxury, branded and foreign-targeted stock (Savills 2026; SET issuer reporting, cross-referenced in Colliers Q4 2025 and JLL 2026).
6.1 Top SET-listed residential developers, 2025 activity
| Developer | 2025 presales (THB bn, est) | YoY | 2026 pivot |
|---|---|---|---|
| Sansiri (SIRI) | ~44 | -3% | Added Pattaya projects, luxury brand stretch |
| AP Thailand (AP) | ~42 | -6% | Upper-mid Bangkok, branded condos |
| Land & Houses (LH) | ~27 | -4% | Low-rise bias, luxury condo selective |
| Origin Property (ORI) | ~36 | +2% | Mixed-use, hotel-branded condos |
| SC Asset (SC) | ~20 | +1% | Premium detached, luxury condo |
| Ananda Development (ANAN) | ~18 | -12% | Deleveraging, selective mid-market |
Data modelled from SET Q4 2025 investor updates and Savills Thailand 2026 developer reviews. Presales figures are company-reported and include all product types (detached, townhouse, condo) unless otherwise noted.
6.2 Land acquisition
Bangkok CBD land (Ploenchit, Ratchadamri, Langsuan) traded at 3.6-4.2M THB/sqw in 2025, the highest historical band (Knight Frank 2026). Eastern Seaboard land on A-grade Pattaya beachfront cleared 140-220M THB/rai (Wongamat, Pratumnak). Phuket west-coast branded-zone land traded at record 180M THB/rai (C9 Hotelworks H2 2025). These land prices force new product upward: you cannot acquire land at this cost and launch sub-100,000 THB/sqm stock.
7. Infrastructure: the projects that reprice the map
Four infrastructure programmes define 2026-2030 condo-market geography: the EEC and the Pattaya-Rayong HSR on the Eastern Seaboard, the Bangkok MRT Orange Line, Bangkok Red Line extensions, and the U-Tapao international airport expansion (EECO; MRTA project data 2026; State Railway of Thailand 2026).
7.1 Eastern Economic Corridor (EEC)
EEC covers Chonburi, Rayong and Chachoengsao. Established 2018 under the Eastern Economic Corridor Act B.E. 2561. Cumulative committed investment surpassed 2.2 trillion THB by end-2025 (EECO). Property effects: sustained industrial-worker rental demand in Sri Racha, Bowin and Amata; sustained expat rental demand in Pattaya; land-value compounding at infrastructure nodes (U-Tapao, Laem Chabang, Bang Saray interchange).
7.2 Pattaya-Rayong high-speed rail
Three-airport high-speed rail (Don Mueang-Suvarnabhumi-U-Tapao via Pattaya) has a target 2028-2030 commissioning window per State Railway of Thailand 2026 updates. Stations planned at Chachoengsao, Sriracha, Pattaya, Rayong (U-Tapao). Pattaya-Bangkok transit of 45 minutes at projected operating speed. Every realistic slippage scenario keeps commissioning inside 2030. Pattaya land values within 3 km of the proposed Pattaya station have been pricing in the rail since 2022.
7.3 MRT Orange Line (Bangkok)
Eastern segment (Thailand Cultural Centre-Minburi) targets 2027 commercial opening (MRTA). Western segment (Bang Khun Non-Thailand Cultural Centre) follows by 2028-2029. Orange Line connects to MRT Blue, BTS Sukhumvit and Airport Rail Link. Condo launch concentration along Pracha Uthit, Ratchada and Lat Phrao anticipates the corridor. Completion reprices sub-corridors that currently lag (Minburi, Bang Kapi, Huai Khwang north).
7.4 Bangkok Red Line extensions
The Red Line Rangsit-Thammasat extension and the Bang Sue-Hua Lamphong Dark Red segments are funded and staged for 2027-2028 operating windows (State Railway of Thailand). Suburban condo catchments (Rangsit, Thammasat, Talat Phlu) benefit.
7.5 U-Tapao International Airport expansion
U-Tapao expansion phase one targets passenger capacity of 15-20 million per annum on commissioning (EEC master plan; BOI 2025). Completion reinforces Pattaya and Bang Saray short-stay demand, shortens Bangkok arrival dependence for Eastern Seaboard tenants, and is a direct tailwind for Bang Saray and Na Jomtien property.
8. Regulatory environment
Thailand’s 2026 foreign buyer framework remained under the Condominium Act 49% cap with no new transfer levy and no relaxation of the freehold-land restriction; BOI’s LTR visa and MFA’s DTV visa stacks continued to channel long-stay capital into condo rental demand (Condominium Act B.E. 2522; BOI 2026; MFA 2026).
8.1 The Condominium Act 49% cap
Foreign owners may hold up to 49% of a building’s total saleable floor area. That rule is stable. The 2023-2024 debate about raising the cap to 75% stalled; no bill passed through the 2025 parliamentary cycle. Plan for 49% in 2026 and 2027.
8.2 Tax stack for foreign buyers
| Tax | Rate | Who pays |
|---|---|---|
| Transfer fee | 2% of appraised value | Split buyer/seller by convention |
| Specific Business Tax | 3.3% of sale price if sold within 5 years | Seller |
| Stamp duty | 0.5% of sale price (if SBT not applicable) | Seller |
| Withholding tax | Progressive scale | Seller |
| Land and Building Tax | 0.02-0.10% for residential | Owner annually |
No new foreign buyer surcharge enacted as of April 2026. See our condo costs guide for worked examples.
8.3 BOI LTR and MFA DTV visa
LTR (Long-Term Resident) approvals surpassed a cumulative 10,000 in early 2026 (BOI). Four LTR tracks: Wealthy Global Citizen, Wealthy Pensioner, Work-From-Thailand Professional, Highly-Skilled Professional. Ten-year visa, tax benefits, simplified ownership pathway for allowed foreign assets. DTV (Destination Thailand Visa) launched July 2024, five-year multi-entry, 180-day stays. Both programmes drive long-stay tenant pools across Bangkok, Chiang Mai, Pattaya and Phuket and are the direct explanation for 2025 yield resilience in those markets. See our Thailand visa and property guide for the compliance path.
8.4 BOI updates
BOI retained foreign ownership privileges for approved company-promoted activities and extended incentives for data-centre, EV-supply-chain, semiconductor-packaging and biotech sectors (BOI 2026). None of these are direct condo-buying programmes but they seed rental demand in Bangkok, EEC and Chiang Mai.
9. 2027 forecast
Base case 2027: unit volume +2 to +4%, average price +3 to +5%, Pattaya and Phuket outperforming Bangkok, luxury outperforming mid-market, and the Eastern Seaboard compounding infrastructure tailwinds through the HSR commissioning window (CBRE 2026 Outlook; Cushman & Wakefield Q1 2026; Savills 2026; Knight Frank 2026).
9.1 Scenario table
| Scenario | Probability | 2027 foreign units | 2027 avg price YoY |
|---|---|---|---|
| Downside (Chinese volume -15%, baht strength >33.5) | 20% | -3 to -6% | Flat to +1% |
| Base | 55% | +2 to +4% | +3 to +5% |
| Upside (HSR construction milestone, LTR >20k approvals, Chinese volume +10%) | 25% | +7 to +10% | +5 to +8% |
9.2 Market-by-market outlook
| Market | 2027 call | Driver |
|---|---|---|
| Bangkok CBD luxury | +5 to +7% | Thin luxury pipeline, HNW Thai and foreign demand |
| Bangkok mid-market | Flat to +2% | Inventory overhang, mortgage rejection |
| Pattaya | +4 to +7% | Foreign cohort diversification, HSR pricing-in |
| Phuket | +6 to +9% | Branded beachfront demand, record absorption |
| Chiang Mai | +2 to +3% | DTV tenant pool |
| Hua Hin | +2 to +4% | Domestic second-home anchor |
| Koh Samui | +7 to +10% | Branded villa-condo, thin supply |
Outside the seven mainstream foreign-buyer markets above, the provincial Isaan picture sits on a different track entirely. The Korat 2026 market report covers Nakhon Ratchasima as a house-dominated Thai-domestic market with effectively no investor-grade condominium stock, where U-Sabai is the dominant developer and the foreign-buyer process operates under Land Code Section 86 rather than the Condominium Act 49 percent quota that frames the markets in the table above.
10. Risks
The four material risks to the base case are global macro (US and China), baht volatility, US-Thailand tariff exposure, and Chinese buyer volume sensitivity to outbound policy (IMF Thailand Article IV 2025; World Bank Thailand Economic Monitor Feb 2026; Bank of Thailand 2026).
10.1 Global macro
IMF projects global growth at 2.9% for 2026 with China at 4.2-4.5% and the US at 1.6-2.0%. A harder US slowdown trims global travel and capex, which feeds Thailand tourism and condo short-let demand.
10.2 Baht volatility
2025 range 34.5-36.5 against USD. A sustained break below 34.0 erodes foreign buyer value-for-money and typically compresses primary-market absorption within one quarter. A break above 37.0 does the opposite: historically Chinese and Russian unit velocity steps up 10-15% on baht weakness.
10.3 US-Thailand tariff
The reciprocal tariff framework placed 19% on Thai exports to the US in late 2025 (cut from an initial 36% after negotiation). Further escalation feeds through to Thailand manufacturing employment, baht, and therefore condo demand. Not a primary driver but a real tail risk.
10.4 Chinese buyer sensitivity
Chinese cohort is roughly a third of units. A 15% pullback in Chinese volume (consistent with 2019-2020 experience) trims national foreign-transfer volume by 5 percentage points. Pattaya and Phuket absorb the most of the shock. Bangkok luxury is the least exposed because the HNW Thai buyer is the marginal bid.
10.5 Mid-market inventory
The 34-month Bangkok mid-market supply is a price cap, not a crash catalyst. Developers have already shifted launches upward. But if 2026 absorption does not accelerate, an inventory write-down cycle starts in 2027 for exposed mid-tier developers. This is a developer-credit risk, not a foreign-buyer risk: the overhang is concentrated in sub-5M THB BMR stock where foreign buyers are not the marginal bid.
11. Frequently asked questions
How many condos did foreigners buy in Thailand in 2025?
Thailand Land Department registered 14,899 foreign condominium transfer units in 2025, total value 60.92 billion THB. Chonburi (Pattaya) took 33.4% of units; Bangkok led by value (REIC, Thailand Land Department Annual Report 2025).
Which nationality bought the most condos in Thailand in 2025?
Chinese buyers, at roughly 33% of foreign units. Myanmar ranked second at 13.2% of units (+41.8% YoY), overtaking Russia. Russians ranked third at 7.9% (+8.6% YoY). See the Pattaya market report for Pattaya-specific nationality mix.
What is the average condo price in Thailand in 2026?
Bangkok CBD luxury: 295,000-420,000 THB/sqm. Bangkok Sukhumvit outer: 120,000-175,000. Pattaya central: 110,000-185,000. Phuket west coast: 180,000-340,000. Chiang Mai: 75,000-135,000. See the condo costs guide for a full breakdown.
What rental yields can foreign buyers expect in Thailand?
National average 5-6% gross long-let. Pattaya Naklua 6.5-8.0%. Phuket south 6.0-8.0%. Koh Samui 6.0-8.5%. Bangkok CBD luxury 3.5-5.0%. See the rental yield guide and the yield calculator.
Is 2026 a good year to buy a condo in Thailand?
Base case: yes for Pattaya, Phuket, Koh Samui where supply discipline and foreign demand compound. Mixed for Bangkok mid-market where inventory overhang caps near-term price growth. Bangkok luxury remains resilient. The buy condo guide walks the full legal and financial process.
What are the biggest risks to the Thailand condo market in 2026-2027?
Chinese buyer volume sensitivity, baht strength below 34, US-Thailand tariff escalation, and Bangkok mid-market inventory. None of these are base-case outcomes but each is tracked in section 10 above.
Will the Pattaya-Rayong high-speed rail open in 2028?
State Railway of Thailand’s 2026 update retains the 2028-2030 commissioning window. Industry consensus treats 2029-2030 as the realistic range. The Pattaya market report covers the HSR impact on Pattaya land values in detail.
Methodology: All 2025 volume and value figures are from Thailand REIC / Land Department Annual Report 2025 unless otherwise noted. Price-per-sqm ranges are aggregated from CBRE Thailand 2026 Outlook, Cushman & Wakefield Thailand Q1 2026, Knight Frank Thailand 2026, Savills Thailand 2026, Colliers Thailand Q4 2025, JLL Thailand 2026, C9 Hotelworks H2 2025, and cross-checked against Hipflat listing medians and named broker inventories. Figures compiled April 2026. This report updates quarterly.
References
Sources
- 01Thailand Real Estate Information Center (REIC), Thailand Land Department Annual Report 2025 · https://www.reic.or.th/Thailand Land Department registered 14,899 foreign condominium transfer units in 2025, total value 60.92 billion THB, with Chonburi accounting for 33.4% of unit volume and 23.2% of value. Accessed 2026-04-16.
- 02Thailand REIC foreign demand dataset, reported by Khaosod English, March 2026 · https://www.khaosodenglish.com/featured/2026/03/04/china-still-tops-thai-condo-market-myanmar-jumps-to-no-2/Chinese nationals remained the largest foreign buyer cohort nationally in 2025; Myanmar overtook Russia to rank second by unit volume. Accessed 2026-04-16.
- 03CBRE Thailand Real Estate Market Outlook 2026 · https://www.cbre.co.th/insights/reports/thailand-real-estate-market-outlook-2026Thailand national new-condo launch supply 2025 was led by Bangkok and Eastern Seaboard; Pattaya and Phuket drove a disproportionate share of foreign-targeted inventory. Accessed 2026-04-16.
- 04Cushman & Wakefield Thailand Market Beat Q1 2026 · https://www.cushmanwakefield.com/en/thailand/insights/thailand-marketbeatCondo price growth was 4 to 6% YoY in the Eastern Seaboard in 2025; premium beachfront grew 7 to 9%. Accessed 2026-04-16.
- 05GlobalPropertyGuide Thailand Rental Yields Q1 2026 · https://www.globalpropertyguide.com/asia/thailand/rental-yieldsThailand residential rental yields national average 5 to 6% gross; Pattaya and Phuket beachfront 7 to 9% gross long-let; short-stay up to 11% in A-grade beachfront where legal. Accessed 2026-04-16.
- 06Savills Thailand Research, Bangkok and Thailand 2026 · https://www.savills.co.th/research.aspxSET-listed residential developers (Sansiri, AP Thailand, Land & Houses, Origin, SC Asset, Ananda) reported softer domestic presale velocity in 2025 and pivoted capital to higher-price and foreign-targeted stock. Accessed 2026-04-16.
- 07Knight Frank Thailand Research Bulletin 2026; Agency for Real Estate Affairs Thailand, as reported by Nation Thailand · https://www.nationthailand.com/business/property/40061239Bangkok high-end condo take-up remained resilient in 2025 while mid-market absorption slowed; secondary markets (Pattaya, Phuket, Koh Samui, Hua Hin, Sriracha) outperformed Bangkok on foreign-transfer growth. Accessed 2026-04-16.
- 08C9 Hotelworks Phuket Condominium Market Update H2 2025 · https://www.c9hotelworks.com/reportsPhuket condo presale absorption reached multi-year highs in 2025, driven by branded beachfront stock on the west coast. Accessed 2026-04-16.
- 09Eastern Economic Corridor Office of Thailand (EECO) · https://www.eeco.or.th/enThe Eastern Economic Corridor covers Chonburi, Rayong and Chachoengsao provinces and continues to anchor non-Bangkok condo demand. Accessed 2026-04-16.
- 10Condominium Act B.E. 2522 (1979), Section 19 bis, as amended by the Condominium Act (No. 4) B.E. 2551 (2008) · https://www.krisdika.go.th/librarian/get?sysid=443975&ext=pdfCondominium Act caps foreign ownership at 49% of total saleable floor area per building under Section 19 bis. Accessed 2026-04-16.
- 11Mass Rapid Transit Authority of Thailand project update 2026 · https://www.mrta.co.th/enBangkok MRT Orange Line eastern segment (Thailand Cultural Centre to Minburi) targets 2027 commercial opening; western segment opening later. Accessed 2026-04-16.
- 12State Railway of Thailand project update 2026 · https://www.railway.co.th/High-speed rail linking Bangkok Suvarnabhumi to U-Tapao via Pattaya has a target commissioning window of 2028-2030 subject to construction progress. Accessed 2026-04-16.
- 13Bank of Thailand monetary policy statements 2025-2026 · https://www.bot.or.th/en/our-roles/monetary-policy.htmlBank of Thailand held the policy rate at 2.00% in Q1 2026 after cuts during 2025; the baht traded in a 34.5-36.5 range against USD through 2025-early 2026. Accessed 2026-04-16.
- 14IMF Thailand 2025 Article IV Consultation Staff Report · https://www.imf.org/en/Publications/CR/Issues/2025/11IMF Article IV Consultation with Thailand projected 2026 GDP growth of 2.8-3.0% with downside risks from external demand and tariff exposure. Accessed 2026-04-16.
- 15World Bank Thailand Economic Monitor, February 2026 · https://www.worldbank.org/en/country/thailand/publication/thailand-economic-monitorWorld Bank Thailand Economic Monitor flagged household debt at above 88% of GDP and slower domestic consumption as drags on 2026 mid-market housing demand. Accessed 2026-04-16.
- 16Colliers Thailand Bangkok Condominium Market Q4 2025 and 2026 Outlook · https://www.colliers.com/en-th/researchColliers Thailand reported Bangkok luxury condo (≥250,000 THB/sqm) take-up remained the most resilient segment across 2025 with sell-through above 60% within 12 months of launch. Accessed 2026-04-16.
- 17JLL Thailand Real Estate Intelligence Service 2026 · https://www.jll.co.th/en/trends-and-insightsJLL Thailand noted Bangkok mid-market condo unsold inventory extended in 2025, pushing developer pivot to upper-tier and branded products. Accessed 2026-04-16.
- 18Board of Investment of Thailand (BOI) LTR Visa Program; Ministry of Foreign Affairs DTV Program · https://ltr.boi.go.th/Long-Term Resident (LTR) visa and Destination Thailand Visa (DTV) issuance rose through 2025; LTR approvals crossed 10,000 cumulative in early 2026. Accessed 2026-04-16.
- 19Land and Building Tax Act B.E. 2562 (2019); Revenue Department 2026 guidance · https://www.rd.go.th/english/Thailand's 2026 new property tax framework retained the Land and Building Tax progressive scale; no new foreign buyer transfer levy was enacted as of April 2026. Accessed 2026-04-16.
- 20Thailand Land Department Fee Schedule; Thai Revenue Code Section 91/2 and Stamp Duty Schedule · https://www.dol.go.th/Transfer fee 2% of appraised value, Specific Business Tax 3.3% if sold within 5 years, withholding tax per progressive scale, stamp duty 0.5% where SBT not applicable. Accessed 2026-04-16.
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