Bangkok housing price index declines in third quarter

The price index of new condos, single detached houses and townhouses in Greater Bangkok dropped in the third quarter of 2025 as developers offered discounts to stimulate sluggish sales from the previous quarter.

- KANANA KATHARANGSIPORN

According to the Real Estate Information Center (REIC), the price indices for new condos, single detached houses and townhouses tallied 158.3, 136.3 and 129.1, respectively, down 0.5%, 1% and 0.7% quarter-on-quarter.

The decline in condo prices marked the second consecutive quarter of decreases, driven by rising unsold supply amid slow sales, prompting developers to launch marketing campaigns to clear inventory.

In Bangkok, the condo price index was 161.4, down 0.2% year-on-year and 0.5% quarter-on-quarter.

The sharpest year-on-year drop was in inner Sukhumvit, with units priced between 5.01-7.5 million baht.

In Samut Prakan and Nonthaburi, the index was 144.9, down 2.1% year-on-year and 0.5% quarter-on-quarter, with Muang Nonthaburi-Pak Kret posting the steepest decline for units priced from 1.01-2 million baht.