BANGKOK – The residential property market showed fresh signs of life in November 2025, with 43 new housing projects entering the market, the highest monthly figure in a year. This uptick points to a gradual recovery in the sector, although a weaker economy in 2026 could still trigger a setback for real estate.
Dr Sopon Pornchokchai, President of the Agency for Real Estate Affairs (www.area.co.th), reported that November was a busy month for new launches in the Bangkok Metropolitan Region.
There were 43 new projects, up by 15 projects compared with October. This increase pushed up the total number of units sold, overall project value, and the average selling price per unit.
Most of the new schemes were low-rise residential developments, mainly single-detached houses and townhouses. In total, 6,018 new units were brought to market in November, with a combined development value of 62,182 million baht.
Breakdown Of New Housing Units And Price Segments
The 6,018 new units launched in November represented growth of 613 units compared with October 2025, when 5,405 units came to market. This was an increase of about 11.3%.
Large developers and their subsidiaries still dominated activity. They were responsible for 94% of the new units, showing that big players continue to control most of the market. Their main focus was on single-detached homes in higher price brackets.
In terms of product positioning:
- Single-detached houses targeted the upper segment
- Condominiums were mostly in the lower price range
- Townhouses sat in the mid-low to mid-price range
- Semi-detached houses fell in the mid to upper-mid price bracket
Bangkok Sales Performance In November
Despite stronger launch activity, the average sales rate in November fell to 10.6%, compared with 22.8% in October.
By property type and price band, the best-performing group was:
- Condominiums priced between 3 to 5 million baht, where 76 units out of 255 were sold, or 30%
This was followed by:
- Townhouses priced between 5 to 10 million baht, with 15 out of 54 units sold, or 28%
- Condominiums priced between 2 to 3 million baht, with 106 out of 389 units sold, or 27%
These figures show that well-priced condominiums and mid- to upper-mid townhouses still attract real demand.
Listed Developers Continue To Dominate
Among the new projects launched in November, 13 came from companies listed on the stock exchange. These were:
- AP (Thailand) Public Company Limited
- AssetWise Public Company Limited
- Charn Issara Development Public Company Limited
- Central Pattana Public Company Limited
- Kaomongkol Group Public Company Limited
- Lalin Property Public Company Limited
- Britania Public Company Limited
- Proud Real Estate Public Company Limited
- Quality Houses Public Company Limited
- SC Asset Corporation Public Company Limited
- Sena Development Public Company Limited
- Sansiri Public Company Limited
- Supalai Public Company Limited
The remaining 6% of units were developed by private firms and their subsidiaries. This shows that nearly all new supply now comes from publicly listed developers. Smaller firms have very limited room to compete, while even large listed companies face pressure as they try to adjust and sell stock in a slower market. AP (Thailand) Public Company Limited recorded the highest number of new launches.
Outlook For 2025 And Risks For 2026
Dr Sopon estimates that the total number of new units offered for sale in 2025 will reach about 44,500. This would be a drop of 28% from the 61,453 units launched in the previous year.
In value terms, new projects in 2025 are expected to reach about 317,000 million baht, compared with 413,773 million baht in the previous year, a decline of around 23%.
The housing market in Bangkok and nearby provinces has not suffered the steep fall that some earlier forecasts suggested. However, if the economic downturn drags on, the residential sector could stay flat or weaken further in 2026.
Buyers, investors, and developers will need to watch both economic data and launch activity closely over the coming year.
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