Bangkok Overall Figures Q4 2025

Residential:  The Bangkok condominium market slowed in 2025 as tighter mortgage lending conditions constrained both buyers and developers. Overall, future supply sales performance declined Y-o-Y, falling 4.2% in the Downtown area and 3.9% in the Midtown/Suburban area. 

Office: Both supply and demand have reached a record high post-pandemic. 2025 net take-up totaled 139,810 sq. m. while new supply totaled 479,812 sq. m., however higher supply resulted in occupancy falling below 80%. 

Retail: The CCI climbed to 51.9 in December—buoyed by year-end tourism and government stimulus (e.g., the "Let's Go Halves Plus" scheme). However, consumer confidence remains precarious due to stagnant labor markets and household debt exceeding 86% of GDP.

Hotel: Although Q4 2025 hotel performance showed improvement over Q3 2025, it still lagged Y-o-Y. This decline was further compounded by a year-over-year decrease in international tourist arrivals, despite a 19.2% increase from the previous quarter.

Industrial & Logistics: Industrial market remained resilient, supported by strong demand from digital sector (data centres) and foreign investment.

Economic: Full-year 2025 GDP growth was recorded at 2.4% and BOT projects growth of approximately 2.0% for 2026.