Thailand Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Residential Real Estate Market in Thailand is segmented by Property Type (Apartments and Condominiums, Landed Houses, and Villas) and by Key Cities (Bangkok, Chiang Mais, Nontha Buri, and Samut Prakan). The report offers market size and forecasts for the Thai Residential Residential Real Estate Market in value (USD billion) for all the above segments.

Thailand Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thai Residential Real Estate Market Size

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Residential Real Estate Market In Thailand Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 163.07 Billion
Market Size (2030) USD 213.53 Billion
CAGR (2025 - 2030) 5.54 %
Market Concentration Medium

Major Players

Residential Real Estate Market In Thailand Major Players

*Disclaimer: Major Players sorted in no particular order

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Thai Residential Real Estate Market Analysis

The Residential Real Estate Market in Thailand Market size is estimated at USD 163.07 billion in 2025, and is expected to reach USD 213.53 billion by 2030, at a CAGR of 5.54% during the forecast period (2025-2030).

COVID-19 has affected the residential real estate sector severely. The country expected the recovery of the sector in 2021. Unfortunately, there was a slow growth rate registered due to emerging new variants. Furthermore, the country's residential real estate market is in the recovering phase.

Moreover, in 2022, the country is taking vital steps to boost sales in the market. For instance, the Bank of Thailand (BoT) had announced an extension of the loan-to-value (LTV) ratio for mortgage lending to allow homebuyers to borrow up to 100% of total home value. In addition, this LTV relaxation leverages the growth of the Thai economy and market supply chain, which were affected during the pandemic. This further maintains employment in the real estate sector and related industries, thus contributing to the country's GDP.

According to Real Estate Information Center (REIC), the market experienced significant growth in 2021 due to increasing foreign investments in the sector. Despite the pandemic disruption, the Chinese are still interested in Thai property, as they hold more than 60% share in foreigner condo transfers in the country.

Thai Residential Real Estate Industry Overview

Large developers dominate the market with a high concentration rate. There is high competition in the upper end of the condominium market in Thailand. The slowdown in the condominium market has encouraged major residential developers to consider diversifying their portfolios into other property sectors, such as office, hotel, and serviced apartments. Major real estate players in the Thai residential market are Sansiri Public Co. Ltd, Supalai Company Limited, Property Perfect, and Pruksa Holding.

Thai Residential Real Estate Market Leaders

  1. Sansiri Public Co. Ltd

  2. Property Perfect

  3. Pruksa Holding

  4. Supalai Company Limited

  5. Ananda Development

  6. *Disclaimer: Major Players sorted in no particular order
Residential Real Estate Market In Thailand Concentration
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Thai Residential Real Estate Market News

November-2021: Ananda Development Public Company Limited has entered a partnership with Dusit International leading hotel chain in Thailand. This deal offers property management services for Ananda's new luxury residential project in Bangkok.

April-2021: Ananda Development Public Co. Ltd, one of the major developers in Thailand, is collaborating with Shinyu Real Estate, a one-stop condominium consultant service for investments. This partnership resulted in the Ashton Asoke project, which offers luxury condominiums mainly focusing on foreign markets, further leading to expanding customer base in foreign countries for sales growth.

January-2021: Sansiri PLC launched 24 new residential projects in the country, which accounted for more than THB 26 billion. The company is offering new projects in the low-priced segment to increase sales growth by targeting middle and low-income group customers.

Thai Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights
  • 4.3 Government Initiatives, Regulatory Aspects for the Residential Real Estate Sector
  • 4.4 Insights into the Size of Real Estate Lending and Loan to Value Trends
  • 4.5 Insights into Interest Rate Regime for General Economy and Real Estate Lending
  • 4.6 Insights into Rental Yields in the Residential Real Estate Segment
  • 4.7 Insights into Affordable Housing Support Provided by the Government and Public-Private Partnerships
  • 4.8 Supply Chain/Value Chain Analysis
  • 4.9 Market Dynamics
    • 4.9.1 Market Drivers
    • 4.9.2 Market Restraints
    • 4.9.3 Market Opportunities
  • 4.10 Porter's Five Forces Analysis
  • 4.11 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Apartments and Condominiums
    • 5.1.2 Landed Houses and Villas
  • 5.2 By Key Cities
    • 5.2.1 Bangkok
    • 5.2.2 Chiang Mais
    • 5.2.3 Nontha Buri
    • 5.2.4 Samut Prakan

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 Property Perfect Public Company Limited
    • 6.2.2 Supalai Company Limited
    • 6.2.3 Ananda Development Public Company Limited
    • 6.2.4 Sansiri Public Co. Ltd
    • 6.2.5 Pruksa Real Estate Public Company Limited.
    • 6.2.6 LPN Development PCL
    • 6.2.7 Land and Houses Public Company Limited
    • 6.2.8 AP (THAILAND) PUBLIC COMPANY LIMITED
    • 6.2.9 Origin Property Public Co. Ltd
    • 6.2.10 Magnolia Quality Development Corp Co. Ltd
    • 6.2.11 Hipflat
    • 6.2.12 Quality Houses Public Company Limited
  • *List Not Exhaustive

7. FUTURE OF THE THAILAND RESIDENTIAL REAL ESTATE MARKET

8. APPENDIX

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Thai Residential Real Estate Industry Segmentation

Residential real estate includes housing for individuals, families, or groups of people to live on. Furthermore, the report provides key insights into the Thai residential real estate market. It includes technological developments, trends, and initiatives taken by the government in this sector. It also focuses on the market dynamics, such as factors driving the market, restraints to the market growth, and opportunities going forward. Additionally, the competitive landscape of the Thai residential real estate market is depicted through the profiles of active key players. In the report, the Thai Residential Real Estate market is segmented by Property Type (Apartments and Condominiums, Landed Houses, and Villas) and by Key Cities (Bangkok, Chiang Mais, Nontha Buri, and Samut Prakan). The report offers market size and forecasts for the Thai Residential Real Estate Market in value (USD billion) for all the above segments.

By Type Apartments and Condominiums
Landed Houses and Villas
By Key Cities Bangkok
Chiang Mais
Nontha Buri
Samut Prakan
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Thai Residential Real Estate Market Research FAQs

How big is the Thailand Residential Real Estate Market?

The Thailand Residential Real Estate Market size is expected to reach USD 163.07 billion in 2025 and grow at a CAGR of 5.54% to reach USD 213.53 billion by 2030.

What is the current Thailand Residential Real Estate Market size?

In 2025, the Thailand Residential Real Estate Market size is expected to reach USD 163.07 billion.

Who are the key players in Thailand Residential Real Estate Market?

Sansiri Public Co. Ltd, Property Perfect, Pruksa Holding, Supalai Company Limited and Ananda Development are the major companies operating in the Thailand Residential Real Estate Market.

What years does this Thailand Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the Thailand Residential Real Estate Market size was estimated at USD 154.04 billion. The report covers the Thailand Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thailand Property Industry Report

Thailand's residential real estate market is experiencing robust growth driven by several key factors. The market is benefiting from attractive investment opportunities and relaxed foreign ownership regulations, which have spurred demand. Thai customers have a strong cultural preference for property ownership, viewing it as a symbol of financial security and social status, and as a long-term investment. A significant trend in the Thailand property market is the increasing demand for condominiums, fueled by urbanization, changing demographics, and lifestyle preferences. Mixed-use developments are also on the rise, offering the convenience of living, working, and recreational spaces in one location. The thriving tourism industry has further bolstered the Thailand housing market, attracting foreign investors and vacation home buyers. The market is seeing notable growth in low-rise housing, driven by developers' interest in shifting trends and dynamic customer preferences. Overall, these factors are expected to continue driving the growth of Thailand's residential real estate market in the coming years.

The market predictions indicate a positive trajectory, supported by comprehensive industry analysis and industry research. Market outlook reports suggest sustained growth, with market segmentation highlighting key areas of interest such as apartments, condominiums, landed houses, and villas. The market size is expanding, and industry trends point towards a rising demand for mixed-use developments. Market value assessments show significant investment potential, and industry statistics confirm the market's robust health. The market forecast remains optimistic, with industry information and industry sales data reinforcing the positive market review.

Market leaders are capitalizing on these trends, and the market overview provides a detailed insight into the growth rate and market growth. Market data and industry outlook reports are essential for understanding the future direction of the market. Report examples and report PDFs offer valuable resources for further market research. The industry profile is comprehensive, covering market index, price trends, sales data, and target market analysis. The market report and market research provide a thorough examination of the current market conditions and future growth prospects. Industry revenue and industry statistics underscore the market's strong performance, while industry forecasts and industry trends offer a glimpse into the future.

Thailand Property Market Report Snapshots