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The residential property market in the Bangkok Metropolitan Region (BMR) is expected to expand gradually over 2027–2029,

2020 Bangkok residential business And metropolitan areas are likely to contract strongly from 2019

Krungsri Research believes that over 2024-2026 the sales of residential properties will gradually recover, increasing by 2-3% per year, averaging approximately 83,000 units annually.

Through 2025, the market for residential property in the Bangkok Metropolitan Region (BMR) has been under great pressure due to softening domestic and international consumer purchasing power arising from the uncertainty generated by the global trade war. Through 2026-2027, the frail domestic economy and ongoing weakness in consumer spending will remain the major challenges to the housing market.

Operators of mass transit systems will enjoy an improving outlook over 2024 to 2026 thanks to domestic economic growth and the positive effects of this on consumer purchasing power. At the same time, ongoing expansion to the metro network will help to stimulate greater private-sector investment in both residential and commercial property in areas newly served by the mass transit system, adding further to potential demand for travel services

The construction industry is expected to recover over the next 3 years, with total construction spending forecast to rise by 4.5-5.0% in 2021 and then by 5.0-5.5% in 2022-2023. A major driver will be public-sector spending on infrastructure megaprojects, especially in the Eastern Economic Corridor, where investment in government-backed projects will encourage crowding-in of private-sector investment (e.g., in industrial estates). Beyond this, the gradual recovery of the Thai economy will also support greater investment in residential accommodation and commercial properties. And, there will be new opportunities in neighboring countries as their governments continue to improve national infrastructure in response to continued economic growth and urbanization.

In 2026, Phuket's housing market is expected to moderate from the strong momentum seen in 2025, reflecting continued uncertainty surrounding the global and Thai economies

The construction contractor business is expected to grow at an average rate of 2.8–3.3% per year during 2027–2029. The main growth driver will be public construction investment

The construction contracting sector is projected to expand at a modest average rate of 2.0–2.5% annually during 2025–2027.

Through 2019, the housing market in the Bangkok Metropolitan Region (BMR) is expected to keep growth flat or slow down due to a high base effect in 2018. The market will also encounter headwinds in the form of: (i) the new, stricter regulations governing housing debt that determine loan limits on a loan-to-value ratio; (ii) the introduction of the Land and Building Tax Act, which will come into effect in 2020; and (iii) a weakening of the spending power of overseas (and especially Chinese) buyers caused by a softening of the world economy. These factors may then feed into higher operating costs, and a decline in both investor confidence and the willingness of buyers to purchase new properties. However, in 2020 and 2021, the market is expected to rebound on the effects of government spending on major infrastructure projects and on greater demand for accommodation from non-Thai buyers investing or working in Thailand.