2022-11-16-莱坊-Bangkok_Luxury_House_Market_1H_2022_8页_2mb

Summary of Bangkok Luxury House Market Overview 1H 2022

Key Highlights

• First half 2022 saw 943 new units added, with 47% priced between 10-20 million baht.
• Sales rate reached 83% for houses priced 10 million baht or more, selling 17,283 out of 20,794 units.
• Strong demand for properties in 10-20 million baht range, accounting for the highest sales volume.

Supply Trends

• Land allocation permits for luxury houses increased significantly from 2017 to first half 2022.
• Supply growth focused on lower price brackets, with new developments in suburban areas.

Demand Trends

• Buyers include affluent individuals, business owners, and those seeking second/third homes, often with high liquidity.
• Demand driven by convenient locations in Bangkok's extension zones (East, West, and North Bangkok Zones) and lifestyle amenities.
• Sales rate for higher-priced homes declined, while middle-range prices saw strong uptake.

Market Outlook

• Expected positive growth in second half 2022, with developers emphasizing suburban projects.
• Focus on transportation access and amenities like schools and golf courses in areas such as Krungthep Kreetha.
• Overall demand supported by stable income groups and preference for larger living spaces with safety and privacy.