Are condo prices going up in Bangkok? (June 2025)

Authored by the expert who managed and guided the team behind the Thailand Property Pack

Yes, the analysis of Bangkok's property market is included in our pack

Bangkok's condo market in June 2025 shows moderate price growth of 7-11% year-on-year, with average prices reaching THB 150,000 per square meter.

As we reach mid-2025, Bangkok's condo market presents a complex picture for potential buyers and investors. While prices are indeed rising in certain areas, the market has become increasingly nuanced following recent events, including the March 2025 earthquake that shook buyer confidence in high-rise properties. Whether you're considering buying for investment or planning to relocate to Bangkok, understanding the current market dynamics is crucial for making an informed decision.

If you want to go deeper, you can check our pack of documents related to the real estate market in Thailand, based on reliable facts and data, not opinions or rumors.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Thailand. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Thai real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Bangkok, Chiang Mai, and Phuket. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

Fact-checked and reviewed by our local expert

✓✓✓

Chalinna Salvin 🇹🇭

Co-Founder, Best BKK Condos

Chalinna, a Thai local, is the co-founder of one of Thailand's top real estate agencies for foreigners. She's also an expert on all the districts in Bangkok and knows the city's top development projects inside out. When it comes to negotiating, she's got you covered and will make sure you get the best deal possible. We spoke with her and added her insights to this blog post to bring a personal touch to our analysis.

What's the average condo price per square meter in Bangkok right now?

As of June 2025, the average price per square meter for condos in Bangkok stands at THB 150,000.

However, this figure varies significantly depending on location and property type. New condos typically range between THB 120,000 and THB 150,000 per square meter, while prime central districts command much higher prices. In sought-after areas like Sukhumvit, Thonglor, and Phrom Phong, prices regularly exceed THB 200,000 per square meter.

These premium locations continue to attract both local and foreign buyers, particularly in the luxury segment where demand remains robust despite overall market caution. The variation in pricing reflects Bangkok's diverse real estate landscape, from affordable suburban developments to ultra-luxury properties in the heart of the city.

It's something we develop in our Thailand property pack.

How do current prices compare to last year?

Bangkok condo prices have increased moderately compared to 2024, when new condos were generally priced between THB 120,000 and THB 140,000 per square meter.

This represents a price increase of approximately 7-11% year-on-year, though the growth rate has slowed considerably from earlier quarters. The condominium segment's year-on-year growth decelerated to just 2.46% in Q4 2024, down from 7.2% in Q3 2024.

For 2025, analysts project annual price increases between 2% and 7%, depending on location and market segment. This slower growth reflects increased market caution and high inventory levels rather than a lack of underlying demand. The moderation in price growth suggests the market is finding a more sustainable equilibrium after years of rapid expansion.

What are property analysts saying about Bangkok condo price trends?

Property analysts anticipate gradual price growth throughout 2025, but with significant caveats.

Most experts agree that developers are prioritizing clearing existing stock over launching ambitious new projects, particularly following the March 2025 earthquake that dampened buyer confidence in high-rise condominiums. The consensus among analysts points to 2-7% annual price growth for the overall market, with stronger performance expected in the luxury segment supported by foreign demand.

Continued pressure on mass-market properties due to high inventory levels remains a concern, while selective buyer behavior focusing on quality developers and earthquake-resistant construction has become the norm. The luxury segment remains the bright spot, with central locations continuing to attract premium prices despite broader market challenges.

Analysts emphasize that location, developer reputation, and construction quality have become even more critical factors in determining price performance across different market segments.

Which Bangkok neighborhoods are experiencing the biggest price increases?

Several districts stand out for their significant price appreciation in 2025, with varying factors driving growth in each area.

District	Price Range	Notable Trend
Huai Khwang	THB 3-5 million per unit	Largest condo price increases
Chatuchak	Varies by project	Significant price hikes
Din Daeng	Mid-range pricing	Above-average growth
Sukhumvit/Thonglor	Premium pricing	Consistent luxury demand
Phrom Phong	>THB 200,000/sqm	Strong foreign interest

Interestingly, areas just outside Bangkok proper, particularly Samut Prakan and Nonthaburi, have seen higher-than-average condo price increases, often outpacing the city itself. These peripheral areas benefit from improved transportation links and offer better value for money, attracting both first-time buyers and investors seeking higher rental yields.

Are any Bangkok areas seeing flat or falling condo prices?

Yes, several areas are experiencing stagnant or declining prices, particularly in suburban and outer Bangkok locations.

Lower-priced segments struggle with oversupply and weak demand, leading to price stagnation in outer suburban developments and actual price declines in some oversupplied areas. Heavy discounting by developers trying to clear inventory has become common, with extended selling periods for projects with poor accessibility.

Some suburban projects report difficulty selling units even with significant promotions, reflecting the market's preference for well-connected, central locations over peripheral developments. These challenges are most acute for projects located far from mass transit lines, where buyers see limited potential for capital appreciation or rental income.

How have Bangkok condo supply and demand levels changed recently?

The Bangkok condo market faces a significant supply-demand imbalance in 2025, creating challenges for developers while offering opportunities for buyers.

On the supply side, unsold inventory remains high at approximately 74,000 units, while new launches are recovering with a 10% year-on-year increase but remain below pre-pandemic levels. Only about 3,000 new prime condo units are expected to complete in 2025, as developers launch fewer, more targeted projects.

Demand has softened considerably, particularly for high-rise condos post-earthquake, with sales rates for new launches dropping below 30% in Q2 2025. Buyers now prioritize safety, developer reputation, and construction quality, while strong rental demand in prime areas partially offsets weak owner-occupier interest. This imbalance has shifted negotiating power firmly to buyers, who can afford to be selective and patient in their purchase decisions.

Are foreign buyers having a bigger impact on Bangkok's condo market?

Foreign buyer dynamics have shifted significantly in 2025, with changing demographics reshaping the international investment landscape.

While overall foreign condo purchases remained relatively flat with just 1% growth, the composition of international buyers has changed dramatically. Chinese buyers have reduced purchases due to economic constraints, while Russian buyers face geopolitical and currency challenges.

Myanmar buyers now represent the fastest-growing segment, alongside increased interest from Taiwanese investors and Indian buyers emerging as a significant force, particularly for larger units. Foreign demand concentrates heavily in the luxury and super-luxury segments, driving new project launches in central Bangkok despite overall market caution. This shift in buyer demographics reflects broader geopolitical and economic changes across Asia.

It's something we develop in our Thailand property pack.

What's the situation with interest rates and getting a mortgage in Thailand?

The Bank of Thailand cut its policy rate to 1.75% in April 2025, the lowest level since April 2023, aimed at supporting economic growth and the property sector.

Mortgage Market Feature	Current Status	Impact
Policy Rate	1.75%	Lowest since April 2023
Maximum LTV Ratio	100%	Until June 2026
State Bank Programs	Special low rates	Limited by income requirements
Credit Standards	Remain strict	Challenges for lower-income buyers
Overall Impact	Modest	Limited by accessibility issues

Despite easier policies and the significant reduction from the previous 2.25% rate, mortgage accessibility remains challenging for many potential buyers. Banks remain cautious about lending, maintaining strict credit standards that limit access despite the supportive policy environment.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Thailand versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

Are there new government rules or incentives affecting condo sales?

The Thai government has introduced several measures to stimulate the property market, though their impact remains limited.

Key incentives include reduced transfer and mortgage fees to just 0.01% for properties up to THB 7 million until June 2026, relaxed lending conditions through state banks, and temporary 100% LTV ratios for most property types. Discussion of raising foreign ownership caps above 49% continues, though implementation remains pending.

Despite these incentives, market response remains muted as buyers focus more on safety and value than on short-term savings. The measures have provided some support to the market but haven't fundamentally changed buyer behavior or significantly boosted transaction volumes. Government officials continue to monitor the situation and may introduce additional measures if market conditions don't improve.

How many new Bangkok condo units are launching this year versus last year?

The 2025 forecast of 30,724 new condo units represents a modest 10% recovery from 2024's sharp decline.

This follows a dramatic 43% drop in 2024 when only 27,931 units were launched, compared to 49,033 units in 2023. The 2025 figure remains well below pre-pandemic levels, reflecting developer caution in the current market environment.

Developers maintain a cautious approach, focusing on high-end segments with better profit margins and projects near mass transit lines. Enhanced earthquake-resistant features have become a standard requirement, while smaller, more targeted launches have replaced mega-projects. This strategic shift reflects both market conditions and changing buyer preferences for quality over quantity.

What are real estate professionals saying about buyer attitudes in June 2025?

Real estate agents and developers report that Bangkok's condo market has firmly become a buyer's market with distinct characteristics shaping transaction dynamics.

From the buyer perspective, abundant options provide significant negotiating power, with heavy emphasis on construction quality and earthquake safety becoming paramount. Preference for established developers with crisis management capabilities has intensified, while buyers show willingness to wait for the right opportunity rather than rushing into purchases. The focus has shifted decisively to long-term value over short-term gains.

Developers have responded by prioritizing clearing existing inventory over new launches, increasing marketing budgets and promotional campaigns significantly. Enhanced focus on build quality and safety features has become standard, while non-essential projects face delays. Greater flexibility on pricing and payment terms reflects the competitive environment. The March 2025 earthquake fundamentally changed buyer priorities, with safety now ranking alongside location and price as primary decision factors.

It's something we develop in our Thailand property pack.

Is rising rental demand pushing up Bangkok condo prices?

Rental demand for Bangkok condos, particularly in prime and expat-favored areas, is experiencing remarkable growth that provides crucial support to certain market segments.

Grade A apartments saw 8.8% year-on-year rent increases, while prime locations experienced an impressive 15.9% annual rent growth. Average rental yields range from 4-6% for mid-range properties, with premium properties in central Bangkok achieving even higher yields.

This strong rental performance supports prices in the luxury segment and maintains healthy investor interest for well-located properties. However, mass market segments see limited price support from rentals, and buy-to-let investors have become increasingly selective about locations. The rental market's strength particularly benefits central Bangkok properties near business districts, international schools, and expatriate communities, though this hasn't fully offset weak owner-occupier demand in the broader market.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Global Property Guide
2. Bamboo Routes
3. CondoDee
4. The Nation Thailand
5. Bangkok Post Property
6. Asia Real Estate Summit
7. Trading Economics
8. Real Estate Asia
9. CBRE Thailand
10. Knight Frank Thailand via AustCham