Luxury condos experience growth as Bangkok demand surges

Despite the global economic slowdown, Bangkok's ultra-luxury condo market continues to grow, fuelled by sustained demand from Thailand's wealthy elite and foreign investors, according to property consultancy Colliers Thailand.

- KANANA KATHARANGSIPORN

The ultra-luxury condo market in Bangkok is expected to keep growing, driven by steady demand from wealthy buyers and foreign investors. KANANA KATHARANGSIPORN

Phattarachai Taweewong, research and communication director at Colliers Thailand, said top-end condos serve as both investment assets and status symbols, offering wealth preservation and long-term capital appreciation.

"Ultra-luxury units are concentrated in prime zones, such as Thong Lor-Phrom Phong-Ekkamai, Wireless-Lang Suan-Lumpini, Sathorn and the Chao Phraya River area, where demand from both local and international buyers remains strong," he said.

New developments increasingly feature partnerships with global hospitality and design names, such as Aman and Porsche Design, redefining Bangkok's upper tier.

Large units, often ranging from 300 to over 1,000 square metres, cater to end-users and multi-generational living.

This focus on genuine buyers has helped to maintain stability despite volatile global conditions, said Mr Phattarachai.