Real Estate & Property Development

~THB 600B+ residential market; AP, SC Asset, Sansiri, Pruksa, LH listed developers; BoT LTV cap and foreign 49% framework

Last updated: Live coverage

Reports in this sector

4

Market profiles

21

Cited sources

91

Primary-grade share

79%

Key statistics

Public reference figures, each linked to source-level context.

FY2024
~70K units/year

Bangkok condo units launched

REIC, AREA, Colliers, JLL, CBRE

FY2024
~5.5M sqm

Bangkok grade-A office stock

Colliers, JLL, CBRE, Knight Frank

Regulatory (current)
49%

Foreign condo ownership quota

Condominium Act B.E. 2522, REIC

FY2024
~THB 300B

Thai REIT, property fund market cap

SET, REIC, sector 56-1 filings

FY2024
~THB 250B

Top-5 listed developer revenue

56-1 filings, SIRI, PS, LH, SPALI)

2020-2024
~THB 1.04T (2024)

Thailand nationwide residential transfer value (2020-2024)

Real Estate Information Centre, Government Housing Bank, BOT

2021-2024
~38-42% (2024)

Bangkok condominium absorption rate (2021-2024)

REIC condominium market reports, Knight Frank Thailand, Colliers, CBRE

FY2024
Chinese ~45%

Foreign condominium transfer share by nationality

Real Estate Information Centre, Department of Lands

FY2024
~55-60%

Top-10 SET-listed developer share of new launches

SET disclosures, REIC market reports

2020-2025 H1
2.00% (2025 H1)

Bank of Thailand policy rate (2020-2025)

Bank of Thailand Monetary Policy Committee minutes, Government Housing Bank

April 2024 - December 2025 (temporary easing)
Eased Apr 2024

BoT loan-to-value (LTV) macro-prudential cap timeline

Bank of Thailand BSC announcements, Real Estate Information Centre

2020-2024
~+25-30% cumulative (2020-2024)

Phuket residential transaction price index (2020-2024)

REIC Provincial Residential Price Index, Knight Frank Phuket, Phuket Real Estate Association

September 2022 - December 2024 cumulative
~7,000-8,000 (Sep 2022 - end-2024)

Long-Term Resident (LTR) visa cumulative approvals

Board of Investment LTR Visa Office, Tourism Authority of Thailand, Bangkok Post coverage

Market profiles in this sector

21 free profiles tied to reports, filings, regulations, and source-backed context.

Browse Market Atlas →
Company/operator
SET:AP

AP Thailand

Top-3 listed residential developer; detached, townhouse, Mitsubishi Estate condo JV; FY2024 revenue ~THB 38B; mid-premium segment leader.

12 reports
Government

Bangkok Metropolitan Administration (BMA)

Bangkok's directly elected city government; administers 50 districts, 5.5M+ registered residents, and a THB 100B+ annual municipal budget.

6 reports
Company/operator

Banyong Udon Thani Real Estate

Udon Thani local real-estate operator tied to Thai-Vietnamese community and border-city commerce.

1 report
Company/operator
SET:CPN

Central Pattana

Thailand's largest commercial-real-estate developer; ~40 malls, mixed-use, Dusit Central Park JV; FY2024 revenue ~THB 48B; Central Group listed vehicle.

14 reports
Company/operator
SET:CPNREIT

CPN Retail Growth Leasehold REIT (CPNREIT)

Thai-listed retail property REIT (SET: CPNREIT) sponsored by Central Pattana; holds leaseholds in CentralWorld, Central Rama 2, Rama 3, and other CPN malls.

4 reports
Company/operator

Cushman & Wakefield Thailand

US-listed real-estate services firm's Thailand affiliate; commercial real estate advisory, capital markets, research.

1 report
Company/operator

HUBBA Thailand

Bangkok-founded independent coworking and innovation community operator with multiple Ekkamai-area locations targeting the creative and tech startup segment.

3 reports
Company/operator

IWG / Regus / Spaces Bangkok

IWG plc's multi-brand flexible-workspace network in Bangkok operating under the Regus, Spaces, and HQ brands across 20-plus locations.

1 report
Company/operator

JustCo Bangkok (Singapore HQ)

Singapore-headquartered flexible-workspace operator with Bangkok coworking centres in premium Grade-A office towers.

1 report
Company/operator

Knight Frank Thailand

UK-headquartered real-estate consultancy's Thailand affiliate; commercial leasing, valuations, residential research.

2 reports
Company/operator
SET:LH

Land and Houses

Thailand's oldest listed developer (SET 1989); detached-house franchise leader; FY2024 revenue ~THB 27B; Quality Houses sister company.

5 reports
Company/operator

Magnolia Quality Development Corporation (MQDC)

Premium Thai real-estate developer owned by DTGO Corporation; flagship Whizdom, MAGNOLIAS, and The Forestias mega-project.

5 reports
Company/operator
SET:ORI

Origin Property

Mid-premium condo, hospitality hybrid; One Origin portfolio, Origin Hospitality chain; FY2024 revenue ~THB 18B; One Origin Industrial diversification.

13 reports
Company/operator
SET:PSH

Pruksa Holding

Mass-market, affordable housing specialist; precast-concrete integration; FY2024 revenue ~THB 27B; Vimut Hospital healthcare JV.

4 reports
Company/operator
SET:SIRI

Sansiri

Thailand's luxury, premium condo leader; BTS Group transit-oriented JV; FY2024 revenue ~THB 36B; foreign-buyer-demand beta.

19 reports
Company/operator
SET:SC

SC Asset

Mid-premium residential; Shinawatra-linked ownership; FY2024 revenue ~THB 20B; balanced detached, townhouse, condo franchise.

8 reports
Company/operator
SET:SPALI

Supalai

Mass-to-mid residential; regional expansion to Australia, Philippines; FY2024 revenue ~THB 29B; disciplined land-bank operator.

6 reports
Government

Department of Lands Thailand (DOL)

Thai government agency under the Ministry of Interior administering land title registration, cadastral surveys, and property-transfer processes nationwide.

3 reports
Company/operator

The Great Room Bangkok (CapitaLand)

Premium coworking brand backed by CapitaLand Investment; Bangkok locations in flagship Grade-A towers target the luxury flex-office segment.

1 report
Company/operator

True Digital Park (CP Group)

Southeast Asia's largest tech and startup campus in Bangkok's Punnawithi district, developed by True Corporation and CP Group.

1 report
Company/operator

WeWork Bangkok

WeWork's Bangkok flexible-office operations across Grade-A CBD buildings; part of the global coworking network post-2023 Chapter 11 restructuring.

1 report

Available reports

Central Pattana (CPN): Mall Economics and Mixed-Use Pivot

Central Pattana (SET: CPN) FY2024 record results: revenue THB 51,843M (+11% YoY), net profit THB 16,729M (+11% YoY). Portfolio of 42 shopping centres plus 15 community malls, 2.3M sqm NLA, 500M+ visits annually…

Phuket Residential: Foreign-Buyer Demand and 2025-2027 Pipeline

Phuket condo, villa: ~11,011 units transferred to foreign buyers Jan-Sep 2025 (flat YoY); transaction value THB 44.1B (-14.2%). 1H 2025 cooled with launches and sales -50% YoY. 2024 foreign-buyer mix: 60% of condo sales, 30% of total property. Buyer-growth leaders 2025: Singapore (+63.2%), Taiwan (+37.8%), France (+22.5%), UK (+21.3%).

Thailand Real Estate & Property Development Market Intelligence

Thailand's residential, commercial property market — ~THB 940B transfer value in FY2024, led by CPN (commercial), AP, Sansiri, Supalai, Pruksa (residential). BOT LTV, household debt compresses residential demand; foreign-buyer quotas underwrite luxury condo; CPN's mall franchise is the defensive asset.

Thailand Real Estate & Property Development Market Intelligence

Thailand's residential, commercial property market — ~THB 940B transfer value in FY2024, led by CPN (commercial), AP, Sansiri, Supalai, Pruksa (residential). BOT LTV, household debt compresses residential demand; foreign-buyer quotas underwrite luxury condo; CPN's mall franchise is the defensive asset.

More sectors in Real Estate & Construction

Full sector report

Central Pattana (CPN): Mall Economics and Mixed-Use Pivot

17 min read · 2025-2027

Preview report·$99
Real Estate & Property Development · Insight