Overview of the real estate business in Thailand At present, the housing market group is slowing down due to the loss of purchasing power from high household debt. In contrast, commercial real estate has expanded very well after benefiting from the recovery of the tourism sector, the private sector has invested more in many projects.
The current trend in the real estate sector is mostly investing in mixed-use mega-projects because the private sector sees it as killing many birds with one stone, whether it be residential or commercial use in the same area. Therefore, most mixed-use projects are usually developed in the Central Business District (CBD) or in big cities, especially Bangkok, which are convenient and fast to travel, connected by a network of roads, expressways, and electric trains.
Another factor that supports the emergence of mixed-use projects is the high price of land in the city and the scarcity of both freehold and listhold. Therefore, the Bangkok Metropolitan Administration's city plan emphasizes investment in this format, aiming to use the area in a complete cycle with full efficiency.