BANGKOK – In August 2568, 19 new real estate projects were launched in the Bangkok Metropolitan Region. All were residential projects, with no development in other real estate types. A total of 4,096 new units were launched, with a combined project value of 22,544 million Baht.

Dr. Sopon Pornchokchai, President of the Agency for Real Estate Affairs (www.area.co.th), revealed the results of a survey on the housing market in the Bangkok Metropolitan Region, finding that a total of 4,096 new residential units were launched this month.

The new project launches showed that 71% of the market share was still dominated by large developers and their subsidiaries. Their focus was on developing condominium projects in the affordable to mid-range price segment, while horizontal developments concentrated on the mid-to-high-end price segment.

The highest number of new units launched this month was condominiums, with 2,706 units (66.1%), followed by townhouses with 689 units (16.8%), and single-detached houses ranking third with 487 units (11.9%) of the total new units launched. The locations of these new launches were primarily in areas bordering the city or its extensions.

This month, affordable to mid-range condominiums played the most significant role, contrasting with a nearly 50% slowdown in horizontal developments. This led to a decrease in the average selling price per unit compared to the previous month, with the average unit price dropping to approximately 5.504 million Baht.

New Real Estate Project in Bangkok

This reflects the trend of new residential developments this month, targeting young professionals and salaried workers who need convenient housing near workplaces or mass transit networks to save on travel time and costs.

At the same time, small-scale investors remain interested in condominiums due to the continued trend of “renting instead of buying” and the attractive rental yields offered in prime locations.

The developers launching new projects this month included five public companies listed on the stock exchange: C.P. Land Public Company Limited, Eastern Star Real Estate Public Company Limited, Pruksa Real Estate Public Company Limited, Sammakorn Public Company Limited, and Supalai Public Company Limited, respectively. There were also a number of other general and subsidiary companies.

This is based on a comparison of developments by listed companies, their subsidiaries, and general companies.

Table ranking the top 5 listed and subsidiary companies with the highest project value in Bangkok:

Rank Name of Company Number Project Value Price per Unit

of Projects (Million Baht) (Million Baht)

1 AP (Thailand) 2 7,121 6.485

2 Supalai 2 3,286 8.763

3 SC Asset Corporation 1 1,809 2.644

4 Quality Houses 1 1,372 7.182

5 Eastern Star Real Estate 1 1,245 21.466

Comparing the number of all types of real estate launched this August with the same month last year, there were 8 fewer new projects this year. However, the number of units increased by 170, a 4.3% rise (last year had 3,926 units). The total value, on the other hand, dropped by 13,991 million Baht, or 62% (last year’s value was 36,535 million Baht).

When comparing the total number of new projects launched in the first eight months of 2568, there were 159 projects, which is 89 fewer projects than the first eight months of 2567, a decrease of -35.9% (the first eight months of 2567 had a total of 248 projects).

The total number of units for the first eight months of 2568 was 23,325 units, a decrease of 16,551 units or -41.5% (the first eight months of 2567 had a total of 39,876 units), respectively.

It is expected that the total number of new projects for the entire year 2568 may decrease to only 35,000 units, with a total value of approximately 220,000 million Baht.