_Bangkok Luxury Housing Market H2 2023

In the second half of 2023, 3,704 new units of the low-rise houses priced at 10 million baht or more were opened for sale, an increase of 38.6 percent compared to the first half of the year.

March 11, 2024

The most newly opened supply was still houses priced between 21-30 million baht, accounting for 46 percent, partly due to relatively less units for sale during the same period in 2022. As such, developers built more new units throughout 2023, mostly single house with large plots of land starting from 100 square meters. The second most newly opened supply was houses priced between 10-20 million baht, accounting for 29 percent, followed by houses priced between 41-50 million baht and between 31-40 million baht, accounting for 10 percent each. The least newly opened supply was houses priced over 50 million baht at 5 percent.