Thai residential market to remain in slump into 2027: developers

Thailand's residential property market has yet to recover, with developers warning the downturn will extend into next year. Weak consumer confidence, rising costs and mounting unsold inventory are driving the prolonged slump.

Thailand's residential property market has yet to recover and the downturn is expected to extend into next year, according to property developers who cite a persistent lack of consumer confidence.

Unsold units and rising costs continue to pile up, deepening the slump that has already weighed on the sector for many months. Developers see no near-term catalyst for a rebound.

The prolonged weakness reflects broader economic headwinds and cautious household sentiment. Industry players are bracing for a slow recovery that may not materialise until well into 2027.