Thailand recorded a 39.4 percent year-on-year surge in second-hand condominium transfers in the second quarter of 2026, driven by buyers seeking affordable alternatives to costly new builds.

Total transfer value for resale condos climbed 41 percent over the same period, making apartments the fastest-expanding segment in the country’s housing market, according to the Real Estate Information Center.

Supply expanded in tandem with buyer activity. Listed resale condo inventory rose 25.2 percent year-on-year to 49,199 units during the quarter, while total listed value climbed 67.8 percent to 285 billion baht.

Activity remained heavily concentrated in Greater Bangkok, which accounted for 42.3 percent of all secondary housing transfers and 47.4 percent of transaction value nationwide. Greater Bangkok saw 26,388 second-hand residential transfers, a 35 percent increase from a year earlier, with total value rising 29.4 percent to 59 billion baht. Bangkok proper alone recorded 13,910 transfers, up 38.7 percent, generating 38.3 billion baht in value.

Condos outpaced all landed residential formats. Single detached house transfers rose 16.8 percent across the country, townhouses gained 24 percent, and semi-detached homes grew 22 percent. Resale condo volume expanded at more than double the pace of detached houses.

The pivot to secondary properties reflects structural household constraints rather than a deficit of new construction. New home prices in Bangkok rose at a compound annual rate of 4.3 percent between 2012 and 2025, while labour wages grew just 2.8 percent over the same span, according to research by Krungthai Compass.

That divergence is pricing first-time buyers out of newly launched developments in central locations.

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