Condominium buildings are seen in Bangkok, Thailand, September 25, 2018. REUTERS/Athit Perawongmetha
BANGKOK: Thailand’s condominium market has hit a staggering 16-year low, with new launches in Bangkok plummeting to just 373 units in the second quarter of financial year 2025 (2Q25).
This dramatic 94.2% contraction from the previous year marks the lowest level since 2009, when the market was only just beginning to recover from the subprime crisis, and is even worse than the slump experienced during the peak of the Covid-19 pandemic.
