Guess how many condo bookings were transacted in Bangkok in Q2

Condo demand was at the second-lowest level in five years.

According to a Knight Frank report, in Q2 2025, demand for condominiums, measured by bookings, stood at 105 units. Although slightly higher than the previous quarter, this figure remained the second-lowest in the past five years, highlighting the ongoing weakness in purchasing power and the high level of consumer uncertainty amid an economy that has yet to fully recover.

“Household debt burdens, rising expenses, and tight mortgage lending requirements continue to weigh heavily, especially on the real demand segment. Although new supply launched in this quarter amounted to 409 units, an increase from the previous quarter, it was still insufficient to stimulate a meaningful recovery in demand,” the report said.

Here’s more from Knight Frank:

In this quarter, the average asking price of condominiums remained relatively stable overall, reflecting a market that has yet to fully recover and the continued high level of price competition across many locations.

Central Business District (CBD):
The average asking price stood at THB 239,475 per square meter, maintaining a level close to the previous quarter. Within this area, Sukhumvit experienced a slight price increase, while Sathorn–Silom showed no change in selling prices, reflecting the slowdown in demand in the high-end market segment, which is still waiting for new positive factors.

City Fringe:
The average price declined to THB 126,897 per square meter, pressured by weakening purchasing power and intense competition among projects with a high level of unsold stock. As a result, developers were compelled to offer more attractive pricing.

Bangkok Suburbs:
The average asking price was THB 72,193 per square meter, continuing its downward trend. This reflects developers’ efforts to stimulate sales in the real demand segment and to accelerate the clearance of unsold units in outlying locations.

Overall, the fact that prices remained stable or declined in many areas highlights a market that is still highly sensitive to external factors, with competition focusing on creating value for buyers rather than pushing prices upward at this time.