Report | Intelligent Investment

Thailand Real Estate Market Outlook 2024

February 28, 2024 10 Minute Read


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Residential Trends to Watch
-   Increase in downtown condominium product variety  
-   More residential projects within mixed-use developments
-   Housing launches to focus on the mid-level market


Office Trends to Watch
-   Significant increase in sustainable and smart buildings
-   Rental rates expected to decline further as competition intensifies
-   Landlords actively consider ways to attract and retain tenants


Retail Trends to Watch
-   Store expansions by established groups to continue,especially in F&B and wellness
-   Large-scale development focused outside of Bangkok
-   Retail operators prioritize attractions and events to generate footfall in malls


Hotel Trends to Watch
-   Government policy to attract more foreign arrivals
-   Incleased competition as new supply enters the market
-   Hotel performance recovery strong, but not for all segments


Industrial & Logistics Trends to Watch
-   Shortage of industrial Land in EEC as demand expected to remain high
-   EV and TECH industries continue to show interest in investing in Thailand
-   More competition in logistics