Since late 2023, the high-rise residential market in the Bangkok Metropolitan Region (BMR) has continuously faced challenges stemming from ongoing economic pressures. Reduced unit transfers have been recorded in all BMR provinces as a result of tighter lending policies, fewer potential buyers, and high inflation dampening domestic demand.

Residential products that target specific demand sources from educational institutions, healthcare centres, or wellness destinations, however, continue to thrive. As developers diversify their risk in acquiring lands and developing residences, room types and amenities offered are more tailored to meet consumer lifestyles. This trend, observed since 2018 and particularly since 2021 within Bangkok city centre, is evidenced by the above-average performance of 13 existing projects in proximity to top-tier international schools.

Figure 1: Map of upper-midrange condominium supply growth: pre- and post-2018 comparison, by number of projects launched