Knight Frank Chartered (Thailand) Co Ltd

Bangkok Condominium Market Q2 2023

The Summary Highlight 

• The number of new supply launched for sale increased by 40.1% from the previous quarter and outpaced demand.
• The total number of new units sold in Q2 2023 amounted to 3,324 units. The sales rate was 27.9% of total supply in this quarter.
• The average selling price across all areas experienced an increase of 2.2%.
• The market’s main problem is the low-end buyer segment, which has great demand yet has a high loan rejection rate, while the middle segment has less demand but has no problem with rejected loans

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