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

This Bangkok real estate research 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 300,000/m² Upper-Mid-range THB 90,000-119,999/m²
Luxury THB 200,000-299,999/m² Mid-range THB 70,000-89,999/m²
High End THB 120,000-199,999/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 Q1 2017, the total completed condominium supply in Bangkok reached 592,016 units. Of these, 123,864 units or 21% were located in the downtown area, which represented an increase of 1.2% Q-o-Q and 8.5% Y-o-Y; while 468,152 units or 79% were located in the midtown/suburban areas, representing an increase of 1.2% Q-o-Q and 11.3% Y-o-Y.
  • 1,461 units were completed this quarter in the downtown area, decreasing from 4,076 units in Q4 2016. The number of newly completed condominium units in the midtown/suburban areas this quarter was 5,460 units, decreasing from 20,588 units in Q4 2016.
  • In this quarter, the Bangkok condominium market remained slow. The number of newly launched units in the downtown area was 2,812 units which increased by 69% Q-o-Q. However, it must be noted that this figure came as a result of a recovery period after a massive drop in Q4 2016 due to the aftermath of the passing of His Majesty King Bhumibol. Year on year, the number of newly launched condominium units have been relatively stable, decreasing only by 3% Y-o-Y. There were fewer new midtown/suburban condominium units launched this quarter (11,800 units), resulting in a decrease of 26% Q-o-Q but an increase of 17% Y-o-Y.
  • In this quarter, one super luxury project, 98 Wireless, was completed with a reported maximum achieved price of THB 720,000 per square metre with a 57% sales rate. While the project has been selling since 2016, it was only publicly launched after its completion in Q1 2017.
  • The average asking price for high-end and above off-plan condominium units in downtown Bangkok (with prices of more than THB 120,000 per square metre and a total price of over THB 5 million) was THB 269,873 per square metre, an increase of 13.1% 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 between 2014 to Q1 2017. The average asking price for off-plan condominium units in midtown/suburban Bangkok was THB 94,950 per square metre, an increase of 11.5% Y-o-Y.
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 31% of supply in the downtown area.

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

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please contact
James PitchonExecutive Director

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Fax: +66 2 685 3307

Executive Director
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