Bangkok to see eight new condo projects by end-2026

Pre-sales are at an average of 72%.

In a report, JLL said a cooling market is expected in Bangkok’s high-end and luxury residential market as steady end-user demand persists, while speculators await favourable market conditions. Lower pricing may lift condominium sentiment. By end-2026, eight new projects are set to be completed, with presales averaging 72%.

“Headwinds propel rental demand upward, increasing 7.8% and 1.3% by end-2025 and 2026, respectively. Capital values are set to rise modestly as promotions on projects pressure growth back to pandemic levels, increasing in contrast to stabilised yields to of 5.2%,” the report added.

Here’s more from JLL:

Bangkok’s luxury condo saw positive net absorption of 665 units in Q3 2025, roughly half from new completions. HNWIs stayed cautious yet financially strong. Sales were driven by mid-Sukhumvit area supported by strengthened marketing and promotions.

Foreign professionals sustained demand for prime apartments during Q3 2025, with preferences for larger-format units. Vacancy declined for the third straight quarter, down 16 bps q-o-q, amid relocations and new MNC setups.

The introduction of new supply remains low amid cautious market

Two projects were completed during the quarter, adding around 600 units to the CBA luxury condo stock by about 600 units to 73,100 units, with around 60% already sold. New launches include Widen by Sansiri and Ei8theen Seven, both in the Central Bangkok submarket.

Image 49’s completion added 64 prime apartment units in the Central East, increasing CBA’s prime apartment stock to 4,800 units. The prime apartment market was experiencing a highly active year, with year-to-date completions reaching their highest level since 2018.

Pressure from discounts limits capital values growth while rents surge

Ongoing promotional discounts in the market exerted downward pressure on capital values. As a result, luxury condominium capital values fell by 1.9% q-o-q, though still showed a 0.7% y-o-y increase.

With weaker buying sentiment, more residents opted to rent for financial and lifestyle flexibility, avoiding long-term property mortgage commitments. As a result, luxury condo monthly gross rent for luxury condo increased 0.7% q-o-q and 8.4% y-o-y.