Bangkok luxury condo market resilient on foreign demand and tight supply: CBRE

Bangkok’s luxury condominium market is holding up despite economic headwinds, driven by rising foreign interest and scarce new supply in prime locations, according to CBRE Thailand.

Bangkok’s luxury condominium market is showing resilience despite broader economic uncertainty, with prime locations attracting growing foreign demand and limited new supply supporting sales, according to property consultancy CBRE Thailand.

CBRE said that high-end residential projects in central areas such as Sukhumvit and the Chidlom-Langsuan corridor continue to draw interest from both local and overseas buyers. Foreign purchasers, particularly from Hong Kong, China and Japan, have been a key driver of transactions in the luxury segment.

The consultancy noted that new luxury condo launches in prime districts have been restrained over the past 12 months, helping to keep unsold stock low and supporting price stability. CBRE expects this trend to continue for the rest of 2026, with developers focusing on smaller, well-located projects rather than large-scale towers.

Average selling prices for luxury condos in central Bangkok have risen moderately, although CBRE did not disclose specific figures. The firm attributed the price growth to rising land costs and construction expenses, as well as the limited availability of developable plots in coveted neighbourhoods.

CBRE’s assessment comes amid a mixed picture for Thailand’s overall property market, where lower- and mid-range segments have faced softer demand due to stricter mortgage lending rules and higher household debt. The luxury segment, however, is seen as less vulnerable to those headwinds owing to its cash-rich buyer profile.