_The Water Front living in Thailand

“The riverfront condominium development projects have been very popular from the past until now. As such, its value has increased. Which waterfront condominium projects in Thailand should be purchase for living or investing in the future?”

May 02, 2024

Supply of each Location

Riverfront/Beachfront condominium in Thailand is an asset worth investing as a residence and keeping as an asset. The total supply from 2010 to 2022 grew 8.2% and 8.8% in 2023. The growth rate increased but not much as there is limited supply of land along the riverfront/beachfront areas. Riverfront/Beachfront condominium in Thailand divided by area as follows:

The Chao Phraya Riverfront, Bangkok is the most popular area where riverfront condominium projects have been developed as it is a growing area near the economic center and living in this area is considered as an uplifted luxurious lifestyle. At the end of 2023, the number of the Chao Phraya Riverfront condominiums accounted for 2.3% of total supply, an increase of 0.1% from 2022 at 2.2%. The second most popular one is Pattaya Beachfront condominiums. At the end of 2023, the number of new supply was stable and grew at the same rate as 2022 at 1.1%. The beachfront condominium projects in Pattaya have been developed since 1986 and growing until it is started to slow down in 2019. Hua Hin Beachfront condominiums have been developed since 2005 and have become very popular as holiday homes and investments. Total supply grew 0.8% in 2023, the same rate as 2022. Phuket Beachfront condominiums are located on hillsides and most development projects are hotels. Thus, there are quite a few beachfront condominium projects, resulting in a growth of only 0.14% of total supply.

Under construction and Complete Stock Project

Riverfront/Beachfront condominiums under construction and complete stock projects classified by project life span as follows:

Sale Rate

Riverfront/Beachfront condominium projects sale rate was 84.0% at the end of 2023, slightly increased from 83.6% in 2022. The number of total projects is approximately 80 projects. There are currently 46 sold-out projects, which indicated that market demand is spread across different riverfront areas. Bangkok riverfront condominiums are the most sold-out projects while Hua Hin beachfront condominiums project has the highest number of projects remaining for sale. But if we compare the number of units remaining for sale, it is found that Hua Hin beachfront condominiums have only 10% left, similar to Phuket beachfront condominiums which have fewer units remaining for sale than other areas.