The real estate sector, particularly the residential sector, saw a surge of 43 new projects launched in November 2025, the highest in a year. This suggests the market is recovering, but a weaker economy in 2026 could cause a market setback.

 

Dr. Sopon Pornchokchai, President, Agency for Real Estate Affairs (www.area.co.th), stated that November saw a relatively active launch of new real estate projects in the Bangkok Metropolitan Region . A total of 43 new projects were launched, an increase of 15 projects from October. This resulted in higher units sold, project value, and average selling price per unit. The new launches in November were primarily in the low-rise residential segment, mainly single-family homes and townhouses. The total number of new units launched this month was 6,018, with a total project development value of 62,182 million baht.

 

The number of new real estate units launched this month totaled 6,018, an increase of 613 units (compared to 5,405 units in October 2025), or approximately 11.3%. This month, 94% of new project launches were still by large developers and their subsidiaries, who dominate the market share. They primarily focus on developing single-family homes in the relatively high-end price range, while condominiums are concentrated in the relatively low-price range, townhouses in the mid-to-low to mid-range, and semi-detached houses in the mid-to-high-end price range.

 

Considering the sales rate, November saw an average of 10.6%, a decrease from the previous month's 22.8%. The property type with the highest sales rate was condominiums priced between 3-5 million baht, with 76 units (30%) out of 255 units sold. This was followed by townhouses priced between 5-10 million baht, with 15 units (28%) out of 54 units sold, and finally, condominiums priced between 2-3 million baht, with 106 units (27%) out of 389 units sold.

 

Of the new projects launched this month, 13 are publicly listed companies: AP (Thailand) Public Company Limited, AssetWise Public Company Limited, Charn Issara Development Public Company Limited, Central Pattana Public Company Limited, Kaomongkol Group Public Company Limited, Lalin Property Public Company Limited, Britania Public Company Limited, Proud Real Estate Public Company Limited, Quality Houses Public Company Limited, SC Asset Corporation Public Company Limited, Sena Development Public Company Limited, Sansiri Public Company Limited, and Supalai Public Company Limited. The remaining 6% in terms of units are developed by private companies and their subsidiaries. This indicates that almost all projects are developed by publicly listed companies; smaller companies have little chance of success in the housing market, while publicly listed companies are struggling to adapt and sell their products. AP (Thailand) Public Company Limited launched the most projects.

 

Dr. Sopon forecasts that the total number of new units for sale in 2025 will be 44,500, a 28% decrease from the 61,453 units launched in the previous year. In terms of development value, 2025 is expected to be around 317,000 million baht, a 23% decrease from the 413,773 million baht launched in the previous year. The real estate market in Bangkok and its surrounding areas has not experienced the sharp decline previously predicted. However, if the economic recession continues, the real estate market could remain sluggish in 2026.