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

Note: * In Q1 2018, we revised the basket of the projects used to calculate the resale price, which resulted in a large increase in the overall resale price. The resale price is based on the number of available units in the resale market each quarter. Prices, therefore, can vary from quarter to quarter. If we look at sales in individual buildings, the upward trend continues for the best buildings but in some cases, sales have been flat for older buildings.

  • As of Q3 2018, the total completed condominium supply in Bangkok reached 674,793 units compared to 655,576 units last quarter; 145,350 units (22%) of which were in the downtown area, an increase of 4.2% Q-o-Q and 8.1% Y-o-Y. The remaining 529,443 units (78%) were in the midtown/suburban areas, representing an increase of 2.6% Q-o-Q and 11.6% Y-o-Y.
  • A total of 5,880 units were completed in the downtown area this quarter, increasing from 2,113 units in Q2 2018. The number of newly completed condominium units in the midtown/suburban areas this quarter was 13,337 units, increasing from 8,650 units in Q2 2018.
  • A total of 7,171 units were launched in the downtown area compared to only 363 units launched in Q2 2018, representing an increase of 79% Y-o-Y. A total of 18,223 new midtown/suburban condominium units were also launched this quarter, increasing by 104% Q-o-Q and 5% Y-o-Y.
  • The Bank of Thailand has recently imposed a tighter regulation on mortgage lending, effective from April 1 next year. Second-home buyers will be restricted to a maximum loan of 80% of the property value if the first mortgage is less than three years old and for mortgages THB 10 million and higher. For third and subsequent mortgages, the buyers will only be able to borrow 70% of the property value.
  • The average asking price of new high end and above off-plan condominium units in Downtown Bangkok (with prices of more than THB 150,000 per square metre and a starting unit price of over THB 8 million) was THB 277,341 per square metre, an increase of 1.7% Y-o-Y. The average asking price of off-plan condominium units in midtown/suburban Bangkok increased to THB 99,698 this quarter from 98,911 in Q2 2018, representing an increase of 5.6% Y-o-Y.
  • Out of the 31,624 under construction units in the downtown area, 67.4% of this future supply has already been sold. There were 115,325 under construction units in the midtown/suburban area and 71.1% of this future supply has already been sold.
Existing Downtown Supply

Bangkok condo total supplyA large portion of the downtown condominium supply is 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 29% of supply in the downtown area.

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

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Rathawat Kuvijitrsuwan

For information or any advice,
please contact
Rathawat KuvijitrsuwanAssociate Director of Research & Consulting

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Associate Director of Research & Consulting
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