Thailand's condominium sales to foreigners plunge in Q1

BANGKOK, June 16 (Xinhua) -- Ownership transfers of condominiums in Thailand to foreign clients dropped significantly in both volume and value in the first quarter of 2026 compared to a year earlier, data showed on Tuesday.

The downturn was attributed to slowing domestic and global economic conditions, which have prompted buyers to exercise greater caution, according to the Government Housing Bank's Real Estate Information Center (REIC).

During the January-March period, the total volume of condominium ownership transfers to foreigners stood at 3,241 units, representing a 17.3 percent year-over-year decline, the REIC said in a statement.

Meanwhile, total value fell 17.9 percent from the previous year to 13.46 billion baht (about 411 million U.S. dollars), and total transferred floor space dropped 13.8 percent to 141,644 square meters.

The market share of international buyers relative to Thai buyers also shrank during the opening quarter of the year, with foreign ownership dropping to 13.6 percent in terms of unit volume and narrowing to 23.9 percent in terms of total value. Enditem