Guess how much Bangkok’s luxury housing supply has grown since 2019 | Real Estate Asia
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Guess how much Bangkok’s luxury housing supply has grown since 2019

The market has experienced a steady increase over the past six years.

In a recent report, Knight Frank revealed that the supply of luxury housing priced at 10 million baht and above has steadily increased from 12,349 units in 2019 to 37,775 units. From the second half of 2024 through April 2025, the continued growth of the upper-tier housing market reflects the sustained long-term demand for luxury homes.

“According to data on newly launched supply during this period, houses priced between 10–30 million baht accounted for a combined 78% share of the market, with the 10–20 million baht segment alone representing as much as 48%. This reflects developers' strategy to increasingly target the mid-luxury segment to cater to buyers who, while affluent, remain sensitive to interest rates and economic conditions,” the report added.

Here’s more from Knight Frank:

In contrast, houses priced above 70 million baht represented less than 5% of new supply, indicating that the Ultra Luxury market remains a niche segment that requires specific strategies and genuinely high-value locations to thrive.

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In addition, when considering the distribution of luxury housing supply by location in Bangkok and its surrounding areas, it was found that Eastern Bangkok holds the highest share, accounting for 26% of the total supply. This reflects the popularity among developers who are focusing on locations near expressway networks, Suvarnabhumi Airport, and new commercial centers such as Rama IX – Krungthep Kreetha – Lat Krabang. This is followed by the Western Suburb and Western Bangkok zones, which account for 21% and 20% of the supply, respectively. These areas have strong potential for large-scale low-rise developments with comprehensive infrastructure and facilities. 

Meanwhile, the Downtown zone holds only a 3% share, reflecting the limitations in available land and high costs, prompting developers to shift their investment focus more toward suburban areas. The zones with the least supply are the Southern Suburb and Northern Suburb, which together account for less than 2%, indicating that these areas are not currently the primary target for the luxury housing market.

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