Reference
·Supporting source
Bangkok condominium absorption rate (2021-2024)
~38-42% (2024)
Bangkok and Greater Bangkok condominium absorption (newly launched units sold within the quarter of launch) ran at roughly 38-42% in 2024 per REIC, Knight Frank, and Colliers tracking, down from the 50-60% range in the 2017-2019 cycle. CBD luxury units priced above THB 250,000 per square metre and foreign-buyer-eligible inventory in Sukhumvit and Rama 9 sustained pricing power; mid-market sub-THB 100,000 per square metre suffered the steepest absorption decline. Major listed developers (AP, Pruksa, Land and Houses, Sansiri, Origin) reduced 2024 launches by 20-30%.
Figure in context
Bangkok and Greater Bangkok condominium absorption (newly launched units sold within the quarter of launch) ran at roughly 38-42% in 2024 per REIC, Knight Frank, and Colliers tracking, down from the 50-60% range in the 2017-2019 cycle. CBD luxury units priced above THB 250,000 per square metre and foreign-buyer-eligible inventory in Sukhumvit and Rama 9 sustained pricing power; mid-market sub-THB 100,000 per square metre suffered the steepest absorption decline. Major listed developers (AP, Pruksa, Land and Houses, Sansiri, Origin) reduced 2024 launches by 20-30%.
Interpretation notes
What this tells you
Bangkok and Greater Bangkok condominium absorption (newly launched units sold within the quarter of launch) ran at roughly 38-42% in 2024 per REIC, Knight Frank, and Colliers tracking, down from the 50-60% range in the 2017-2019 cycle. CBD luxury units priced above THB 250,000 per square metre and foreign-buyer-eligible inventory in Sukhumvit and Rama 9 sustained pricing power; mid-market sub-THB 100,000 per square metre suffered the steepest absorption decline. Major listed developers (AP, Pruksa, Land and Houses, Sansiri, Origin) reduced 2024 launches by 20-30%.
What not to do with it
Values in percent. Calculated as new-launch units sold in launch quarter divided by total launched.
Related figures
Adjacent numbers that add context without drowning the value.
Bangkok condo units launched
REIC, AREA, Colliers, JLL, CBRE
Bangkok grade-A office stock
Colliers, JLL, CBRE, Knight Frank
Foreign condo ownership quota
Condominium Act B.E. 2522, REIC
Thai REIT, property fund market cap
SET, REIC, sector 56-1 filings
Top-5 listed developer revenue
56-1 filings, SIRI, PS, LH, SPALI)
Thailand nationwide residential transfer value (2020-2024)
Real Estate Information Centre, Government Housing Bank, BOT
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.