Without new money circulating, the real estate sector faces a breakdown in its cycle: buyers won’t buy, developers can’t invest, banks won’t lend, and investors will flee. What the market needs now isn’t just policy—it needs decisive action.
In the first two months of 2025, property transfers were already down 16%, and new condo launches plummeted 45% compared to the end of 2024. Q2 is expected to see another 6% decline in launches, with Q3 projected to drop by 34% from Q2. Even if Q4 sees a slight recovery, it will still be 50% below last year’s levels. These figures show that the sector is “walking in the fog”—the path ahead is uncertain, and every step is risky.
Some may see real estate as just another industry, but in reality, it’s the heart of the economy, connecting labor, consumption, production, and finance. If this heart fails, other systems may collapse in turn. The year 2025 is not just a challenging year—it is a crucial test for Thailand’s property market.
The pressing question is: Will we wait for collapse—or act fast enough to prevent it?
