Foreign buyers remained a significant force in Thailand’s condominium market in 2025, with Chinese nationals retaining the top position despite a decline in purchases, while buyers from Myanmar recorded the strongest growth to rank second. According to Narongpol Prabhanirin, acting director of the Real Estate Information Center (REIC), foreign condominium transfers totalled 14,899 units for the year, up 2.2% from 2024. However, total transfer value fell 10.7% to 60.92 billion baht.
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In the fourth quarter of 2025, foreign transfers reached 3,888 units, rising 1.1% quarter on quarter and 9.3% year on year. Although overall transfer value increased only slightly from a year earlier, stronger growth in unit numbers reflected a decline in average unit prices, particularly in the mid-price segment.
Foreign ownership accounted for 14.7% of all condominium units transferred nationwide and 25% of total transfer value. Under Thai law, foreigners may own up to 49% of the saleable area of a condominium project.
Bangkok recorded the highest number of foreign transfers with 7,029 units worth 35.39 billion baht. Chonburi followed with 4,164 units worth 11.59 billion baht and Phuket recorded 1,190 units worth 6.09 billion baht. Other provinces in the top 10 included Chiang Mai, Prachuap Khiri Khan, Samut Prakan, Surat Thani, Rayong, Phetchaburi and Nonthaburi.
By nationality, Chinese buyers transferred 4,940 units in 2025, down 12.9% year on year, with total value falling 30% to 18.59 billion baht. They still accounted for 33% of total foreign unit transfers and 31% of total value, mainly in Bangkok, Chonburi and Chiang Mai.
Myanmar nationals ranked second with 1,968 units, a 41.8% increase from a year earlier. However, transfer value declined 12.5% to 6.16 billion baht, with purchases concentrated in Bangkok, Samut Prakan and Chiang Mai.
Russian buyers followed with 1,172 units, up 8.6%, while transfer value rose 30.3% to 4.77 billion baht. Their purchases were primarily in Phuket, Chonburi and Prachuap Khiri Khan.
The Nation reported that Narongpol said the decline in Chinese transfers was likely due to stricter capital outflow controls in China and Thailand’s tighter measures against illicit “grey capital”, leaving mainly genuine demand from buyers seeking residences, rental investments or long-term stays for business. He said this shift has made Thailand’s condominium market more resilient heading into 2026.
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Adapted by ASEAN Now Khaosod 5 Mar 2026