Bangkok Condo Research

Bangkok Condo Research: Data Source

This is an extract of the Bangkok Property Report, a quarterly subscription report. The report brings professional analysis and transparency to the Bangkok property market which can, for the right projects, generate some of the highest returns in Thailand. Full Bangkok Property Report

Bangkok condo listings

The report provides detailed information and analysis from CBRE's comprehensive and unrivaled Bangkok and Thailand property databases, combined with our own exhaustive market and property surveys, coupled with the latest and most reliable secondary data from governmental agencies and private operators. The reliability and value of the research is the market understanding and expert opinion drawn from over 25 years of CBRE's full-scale operations in Thailand.

The data in this page focuses specifically on the Bangkok condo market.

Bangkok Condo Classifications

We classify Bangkok Condo units into six categories based on price per sq.m. Classifications are based on the maximum number of condos in a project that fall into a category.

Super Luxury Above THB 250,000/m² Upper-Mid-range THB 90,000-119,999/m²
Luxury THB 170,000-249,999/m² Mid-range THB 70,000-89,999/m²
High End THB 120,000-169,999/m² Entry Level Below THB 70,000/m²
Condominiums that are high end or above generally demonstrate common characteristics such as:
  • Easily accessible locations
  • Good and secure neighborhoods, ensuring privacy of residents
  • Good building design, layout and decoration
  • Good standard of construction using high-quality materials and specifications
  • Comprehensive range of facilities, including swimming pool, gym and/or squash and tennis courts, etc.
  • Adequate elevators and efficient M&E system
  • Professional management
  • Sufficient car parking
Bangkok Condo Areas: Definition


The area incorporating Silom, Sathon, Surawong, and Narathiwas-Ratchanakarin (north of Chan Road) Roads, as well as the sois in between

Central Lumpini

The area incorporating Wireless, Ploenchit, Rajadamri, Chidlom, Langsuan, Sarasin and Ruamrudee Roads, and other sois in between


The area incorporating Sukhumvit Road from Soi 1-65 and Soi 2-44, as well as other sois in between


The area incorporating Ratchaprarop, Phayathai, Sri Ayutthaya and Petchaburi (from Soi 1-37) Roads, as well as other sois in between

Rama III

the area incorporating Narathiwas-Ratchanakarin Roads (south of Chan Road), Charoenkrung and Rama III on the side not adjacent to the river, as well as interlinking sois


Includes developments on the riverside incorporating Charoenkrung, Charoennakorn and Rama III

Peripheral areas

All other areas of Bangkok lying outside the CBD, including Ratchadapisek, Ladphrao, Ramkhamhaeng, Paholyothin, Thonburi and Sukhumvit Road from Soi 44-76 and 65-115

Bangkok Condo - Quaterly Highlights

Bangkok property report, condominium
  • In Q3 2016, the total completed supply in the downtown and midtown/suburban areas reached 561,711 units. Of these, 118,327 units or 21% were located in the downtown area, which represented an increase of 3.1% Q-o-Q and 7.4% Y-o-Y while 443,384 units or 79% were located in the midtown/suburban areas, representing an increase of 1.5% Q-o-Q and 15.2% Y-o-Y.
  • There were 3,562 units completed in this quarter in the downtown area, increasing from 561 units in Q2 2016. The number of newly completed condominium units in the midtown/suburban areas was 6,573 units this quarter, decreasing from 14,765 units in Q2 2016.
  • In this quarter, developers have resumed launching new condominium projects which increased 174% Q-o-Q and 26% Y-o-Y in the downtown area and 66% Q-o-Q and 38% Y-o-Y in the midtown/suburban areas. The majority of newly launched condominium units in this quarter were from top public-listed developers. We believe that the return to launch new condominium projects this quarter was mainly due to the fact that top listed developers need to create backlog of future revenue, rather than a sign of demand recovering, in Bangkok condominium market.
  • The overall occupancy rate for the downtown area remained relatively stable at 79.9% in this quarter.
  • The average asking price for downtown off-plan condominium units (high-end and above, with prices of more than THB 120,000 per square metre and total price of above THB 5 million) was THB 218,647 per square metre, an increase of 4.7% Y-o-Y. The increase in the average asking price for future downtown condominium units was largely due to the record prices in many new condominium projects launched during 2014-2015. The average asking price for off-plan condominium units in midtown/suburban Bangkok was THB 85,904 per square metre, an increase of 0.3% Y-o-Y.
  • The average asking resale price for completed freehold units in the downtown area in high-end buildings and above (with prices of more than THB 120,000 per square metre and total price of above THB 5 million) in our comparable basket increased by 6.0% Y-o-Y to THB 200,198 per square metre in Q3 2016 from THB 188,909 per square metre in Q3 2015. The Silom/Sathorn area achieved the highest percentage change in resale price levels, increasing by 8.2% Y-o-Y to THB 206,429 per square metre. 
Bangkok Condo Supply 

Bangkok condo total supplyA large portion of the downtown condominium supply is located in the Sukhumvit area, which is supported by the existing BTS mass transit line with important office and retail developments. This area remains the most established residential area for both Thais and expatriates, accounting for 30% of supply in the downtown area. This is followed by Silom/Sathorn (20%), Riverside (13%), Pathumwan (11%), Rama III (11%), Outer Sukhumvit (9%) and Central Lumpini (6%).

This is an extract of CBRE Bangkok Property Report. Please click for further details.

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