Bangkok to see six new prime residential projects this year

The average presales rate is 70%.

Six projects are expected to enter the Bangkok market by 2025 according to a JLL report, with an average presales rate of 70%. Most developers prioritise on clearing inventories and taking conservative approach in new project launches until market confidence improves.

“Rental rates are set to climb rapidly in the near term due to high loan rejections, with residents favouring rentals for security and flexibility. Capital values are expected to grow more slowly due to cautious investor sentiment. Market yields are projected to maintain at 5.2% through 2025,” the report added.

Here’s more from JLL:

Bangkok’s luxury condo market showed slight quarterly recovery in Q2, boosted by interest rate cuts and relaxed LTV measures. The market rebounded to pre-seismic levels despite disruptions, though economic downturn and reciprocal US tariffs remained challenges.

Prime apartments maintained strong momentum, with half of total inventories reaching full occupancy in the quarter. Vacancy rates declined for two consecutive quarters, dropping 51 bps to 4.2%, supported by corporate relocations.

Economic uncertainty halts new launches

The luxury condominium inventory remained unchanged at 72,500 units, with no new completions recorded in Q2 2025. Economic uncertainties have postponed buyer decisions, leading developers to adopt a cautious approach towards new launches.

The prime apartment stock expanded to 4,700 units in Q2 2025 with the addition of 39 Luxury Suites (47 units), further reinforcing the Central East submarket’s position as the predominant location for prime apartments.

Rent rise for the thirteenth consecutive quarter

Capital values recorded a 1.5% q-o-q increase as this quarterly moderate growth is tempered by broader economic conditions. Economic instability has continued to accelerate the market shift towards rental market.

Strong demand from both domestic and foreign renters drove gross rents to THB 757 per sqm per month, achieving the 13th consecutive quarter of growth at 4.0%. The rental market’s robust performance pushed market yields up to 5.2%.