Condos and houses are moving in opposite directions in the Bangkok primary market. In the second quarter of 2026, new condominium sales in Bangkok and its five vicinity provinces rose 19.5% year on year, while new sales of single houses and townhouses fell 11.4%. The Real Estate Information Center (REIC), part of the Government Housing Bank, published the figures on 22 September 2026.
The gap shows most clearly in how long existing stock takes to sell. At the Q2 pace, REIC’s absorption rates put condo stock at about 39 months to clear and low-rise stock at about 67 months. Developers have answered by launching far fewer low-rise projects.
Condos sell faster, houses slower
REIC’s Q2 2026 survey covers Bangkok plus Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon and Nakhon Pathom, and compares April–June 2026 with the same quarter of 2025. Across both segments, new sales rose 2.6% in units and 8.6% in value. That modest total hides the split underneath it.
Condominiums sold 2.4% of their available stock per month. Low-rise housing sold 1.4% per month. Taken together, the market sold 1.8% a month, which REIC translates into about 52 months to clear the whole stock.
Bangkokbiznews and The Bangkok Insight both reported the same 19.5%, 11.4% and 67-month figures from the REIC release on 22 September.
Developers pulled back on low-rise launches
New supply fell. Total new project launches in Bangkok and the five provinces dropped 15.6% year on year in units, and the value of newly launched projects fell 51.9%. Low-rise launches carried most of the cut, down 28.6% in units. REIC’s release describes the quarter as a structural rebalancing, driven mainly by developers holding back low-rise launches.
With fewer launches and continued sales, the pool of homes on the market shrank. REIC counts 214,083 units of total supply for the quarter — existing unsold stock plus new launches — down 9.6% year on year. Of those, 85,249 were condominiums (−5.8%) and 128,834 were low-rise homes (−11.9%). After Q2 sales, 202,414 units remained unsold, down 10.2%, with a value of ฿1,283,972 million.
Low-rise supply fell faster than condo supply, yet it still takes longer to clear. Sales, not supply, are the weak side of the low-rise market this quarter.
This area is most of Thailand’s surveyed market. REIC’s 27-province survey counts 359,433 units of total supply nationwide, worth ฿2,022,507 million. Bangkok and the five provinces hold 59.6% of those units and 67.1% of the value, at ฿1,356,788 million.
Bangkok city alone: more launches, much cheaper units
Inside Bangkok city itself, the pattern is sharper. New condo sales in Bangkok city rose 14.7% year on year and new low-rise sales fell 18.4%, for overall new sales growth of 3.8%. Absorption in the city ran at 2.2% a month, or about 43 months to clear.
Bangkok city launches rose 77.2% in units, but their value fell 35.2%. The average price of a newly launched unit dropped from ฿20.0 million to ฿7.3 million, so developers in the city launched more, smaller and cheaper units. Total supply in Bangkok city was 88,528 units (−6.0%), worth ฿692,411 million (−8.2%), and remaining supply fell 6.7% to about 82,712 units.
Who is affected
Developers with unsold houses and townhouses around Bangkok face the longest wait: 67 months at the Q2 pace. Their answer so far is to launch less. Condo developers are in a stronger position, with sales up and stock clearing in a little over three years.
Buyers of new homes in the Bangkok area see the other side of the same numbers. Low-rise stock is large and slow to sell, while condo stock is shrinking and selling faster. In Bangkok city, new launches have shifted strongly toward lower-priced units.
What it may mean for Phuket property
These are Bangkok-area figures. REIC’s Bangkok and vicinity report does not cover Phuket or any other regional province, so it says nothing about Phuket’s absorption rate, prices or inventory. It is also a different series from the nationwide title-transfer data REIC published for the first half of 2026, which we covered in Thailand housing transfers in H1 2026. This release measures new sales, launches and absorption in the primary market, not completed transfers.
What the Bangkok data do give a Phuket buyer is a dated reference point for the condo-versus-house question in Thailand’s largest market: in Q2 2026, new condos there sold faster than new houses, and developers cut house launches hardest. Whether Phuket’s villa and condo markets show the same split is not measured here. For the island, see our Phuket price data and market report, which track listing-side asking prices, not sales.
What remains unknown
The 39-month and 67-month figures are not forecasts. They assume Q2’s sales pace continues, and a change in sales in either segment would move them. Whether developers keep low-rise launches this low in the next quarter will show in REIC’s next Bangkok-area reading, not in this one.
