# Unsold Bangkok condominium stock could take five to six years to absorb

- **Source:** Real Estate Asia
- **Published:** 2026-07-14T00:14:09.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/residential/news/unsold-bangkok-condominium-stock-could-take-five-six-years-absorb
- **Topics:** Private Residential, New Launches, Government & Policy

## Featured rationale

The inventory overhang may preserve buyers’ negotiating power and encourage developers to limit launches, protect liquidity and target locations with clearly identifiable demand.

## AI summary

Bangkok has an estimated 350,000 unsold condominiums, which could require five to six years to absorb at roughly 60,000 annual transfers.

## Original article

Around 350,000 units remain unsold.

Condominium transfer activity in Bangkok and surrounding areas increased 12.7% year-on-year despite ongoing challenges from a substantial inventory overhang, according to Knight Frank Thailand.

The consultancy said government support measures, including relaxed loan-to-value (LTV) regulations and reduced transfer fees, helped sustain housing demand, even as market recovery remained uneven across different segments.

However, Bangkok's condominium market continues to face pressure from an estimated 350,000 unsold units. With annual condominium transfers averaging about 60,000 units, Knight Frank estimates it could take five to six years to absorb the existing inventory, assuming future supply remains limited.

The firm expects developers to remain highly selective when launching new projects over the next one to two years, focusing on locations and price points with clearly identifiable demand.

"Buyers are likely to maintain strong negotiating power in terms of pricing, incentives and payment conditions as competition within the market remains intense," said Potjaman Vorakitpokathorn, Partner and Head of Project Marketing at Knight Frank Thailand.

Knight Frank said developers are expected to continue prioritising liquidity preservation and cautious expansion strategies while working through existing inventory levels in a competitive market environment.

## Chinese translation

> Translation model: grok

### 曼谷未售出共管公寓库存或需五至六年消化

尽管库存积压挑战仍在，曼谷及周边地区共管公寓过户量仍同比上升12.7%，据莱坊泰国。

约35万个单位仍未售出。

据莱坊泰国（Knight Frank Thailand），尽管面临大量库存积压的持续挑战，曼谷及周边地区共管公寓过户活动同比上升12.7%。

该咨询机构表示，政府支持措施——包括放宽贷款价值比（LTV）规定与降低过户费用——有助于支撑住房需求，尽管不同细分市场的复苏仍不均衡。

然而，曼谷共管公寓市场仍受约35万个未售单位的压力。在年均过户约6万个单位的情况下，莱坊估计，若未来供应保持有限，消化现有库存或需五至六年。

该行预期，开发商在未来一至两年推盘时将保持高度甄选，聚焦需求明确的地段与价位。

“由于市场竞争依然激烈，买家在定价、优惠与付款条件上可能继续保有较强议价能力，”莱坊泰国合伙人兼项目营销主管Potjaman Vorakitpokathorn表示。

莱坊表示，在竞争激烈的市场环境中消化现有库存的同时，开发商料将继续优先保全流动性，并采取审慎扩张策略。