2025泰国房地产创23年来新低，唯高端住宅逆势增长

Core Insights - The Thai real estate market is experiencing a significant decline in new residential property supply, with only 15,484 new units expected to enter the market in the first half of 2025, reflecting a focus on high-end products aimed at middle to high-income buyers [1][1][1] Market Overview - 99.8% of the new properties are residential, with a total development value of 111.23 billion Thai Baht, and an average price of 7.184 million Thai Baht per unit, indicating a shift towards higher-priced offerings [1][1][1] - If the current trend continues, the total number of new residential units for 2025 is projected to be 30,904, with a total development value of 221.64 billion Thai Baht, representing a 49.7% decrease in unit numbers and a 46.4% decrease in total development value compared to 2024 [1][1][1] Economic Implications - The reduction in residential supply is indicative of a broader economic downturn, suggesting that the real estate market is heavily influenced by macroeconomic conditions and cannot independently drive economic growth [1][1][1] - Consumer willingness to purchase homes is closely tied to the economic health of the country or households; a weak economy leads to decreased demand for housing [1][1][1]