After more than a decade of consistent growth in the supply of condominiums in Bangkok, 2022 marked a return of low-rise housing as the home of choice for Thai buyers, according to the international property consultant CBRE.
In 2021 the supply of new low-rise housing exceeded that of the new condos in the Bangkok metropolitan region for the first time since 2011. In 2022, although the supply of low-rise housing increased by at least 25% from the previous year, there was also an increase in new condo supply, especially in midtown and suburban areas, targeting the first-time worker market.
