Thailand Condo Sales 2026: Demand Recovers, Buyers Still Have Choice

Condo sales in Thailand are picking up again in 2026. In the second quarter, new condominium sales in Bangkok and its five neighbouring provinces rose 19.5% year on year, while sales of low-rise houses fell 11.4%. For buyers, that adds up to a good setup: demand for apartments is recovering, developers are holding back on new launches, and there is still plenty of finished stock to choose from.

What Thailand condo sales in 2026 actually show

Here are the second-quarter 2026 figures from Thailand's Real Estate Information Center (REIC):

• new condo sales up 19.5%, low-rise house sales down 11.4%;

• total new sales up 2.6% in units and 8.6% in value;

• unsold inventory down 10.2% year on year to 202,414 units;

• new supply down 15.6%, with low-rise launches down 28.6%;

• the value of newly launched projects down 51.9%, as developers move toward products that better match what people can afford today.

The pace of sales points the same way. Each month the market absorbs 2.4% of condo stock but only 1.4% of houses. If nothing new were launched, condos would sell out in about 39 months, houses in about 67, and the market as a whole in about 52.

Why apartments are selling faster

REIC links the shift to the expansion of urban rail, rising land and construction costs, and buyers who have become much more selective. The upper end of the market is supported by people who want business locations, more living space, health-focused features and strong security. The mass market is held back by high mortgage rejection rates.

Bangkok's Sukhumvit area shows how strong condo demand can be. New condo sales there jumped 138.6%, and current stock could be gone in roughly 16 months. In the segment above 10 million baht in Sukhumvit and Phra Khanong-Bang Na, though, new launches are still running ahead of sales. The average value of a newly launched unit in Bangkok fell from about 20 million baht to 7.3 million.

REIC also notes that what makes a location attractive is increasingly transport and access to jobs, shopping and hospitals. The Bang Na, Suvarnabhumi and Eastern Economic Corridor axis is turning into an eastern business district. It's the same logic behind how the EEC is turning Pattaya into a residential hub.

What it means if you're buying in Pattaya

These numbers cover Greater Bangkok, but the trend says a lot about the market as a whole. Here's what we suggest keeping in mind:

• condo demand is growing, so the best units in good locations don't stay on the market long;

• supply is still large, and there is often room to negotiate on finished apartments;

• pick the location for its infrastructure: the beach, roads, schools, hospitals and shopping nearby.

Foreigners can own a condo freehold within the 49% foreign ownership quota or hold it on a long-term leasehold. Foreigners cannot own land, which is why a condo remains the most straightforward way to buy.

If you're planning to buy an apartment in Pattaya, now is a good time to compare your options calmly. Our specialists will shortlist properties that fit your budget and tell you where there's room to negotiate. You can reach us any time through Thai Residence contacts.