Reference

Β·

Primary source

Bangkok metropolitan residential unit starts

~70,000–80,000 units/yr

As ofFY2024Β·Sources2Β·Primary

The Real Estate Information Center (REIC) under the Government Housing Bank tracks new residential unit starts in the Bangkok Metropolitan Region (BMR). Annual starts have fluctuated between approximately 70,000 and 80,000 units in the post-COVID recovery period, down from a pre-COVID peak above 100,000 units. Condominium launches β€” which account for roughly 60% of starts β€” have been suppressed by elevated household debt and tighter mortgage LTV rules imposed by the Bank of Thailand. Low-rise landed-property starts have been more resilient, supported by demand from higher-income buyers less sensitive to financing constraints. REIC publishes quarterly unit-start data disaggregated by province and product type.

Figure in context

The Real Estate Information Center (REIC) under the Government Housing Bank tracks new residential unit starts in the Bangkok Metropolitan Region (BMR). Annual starts have fluctuated between approximately 70,000 and 80,000 units in the post-COVID recovery period, down from a pre-COVID peak above 100,000 units. Condominium launches β€” which account for roughly 60% of starts β€” have been suppressed by elevated household debt and tighter mortgage LTV rules imposed by the Bank of Thailand. Low-rise landed-property starts have been more resilient, supported by demand from higher-income buyers less sensitive to financing constraints. REIC publishes quarterly unit-start data disaggregated by province and product type.

The Real Estate Information Center (REIC) under the Government Housing Bank tracks new residential unit starts in the Bangkok Metropolitan Region (BMR). Annual starts have fluctuated between approximately 70,000 and 80,000 units in the post-COVID recovery period, down from a pre-COVID peak above 100,000 units. Condominium launches β€” which account for roughly 60% of starts β€” have been suppressed by elevated household debt and tighter mortgage LTV rules imposed by the Bank of Thailand. Low-rise landed-property starts have been more resilient, supported by demand from higher-income buyers less sensitive to financing constraints. REIC publishes quarterly unit-start data disaggregated by province and product type.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

The Real Estate Information Center (REIC) under the Government Housing Bank tracks new residential unit starts in the Bangkok Metropolitan Region (BMR). Annual starts have fluctuated between approximately 70,000 and 80,000 units in the post-COVID recovery period, down from a pre-COVID peak above 100,000 units. Condominium launches β€” which account for roughly 60% of starts β€” have been suppressed by elevated household debt and tighter mortgage LTV rules imposed by the Bank of Thailand. Low-rise landed-property starts have been more resilient, supported by demand from higher-income buyers less sensitive to financing constraints. REIC publishes quarterly unit-start data disaggregated by province and product type.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

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Bangkok metropolitan residential unit starts Β· Insight