Photo Credit: Somchai Poomlard
Thailand’s Eastern Economic Corridor (EEC) housing market continued to soften in 2025, with both demand and supply declining year-on-year, according to the Real Estate Information Center (REIC).
Total housing transfers fell 4.4% to 45,958 units, with value dropping 7.4% to 111 billion baht. Low-rise housing remained the main driver, while condominium transfers saw sharper declines.
Although government stimulus measures—such as reduced transfer and mortgage fees and relaxed loan-to-value rules—supported a slight quarter-on-quarter recovery, overall demand remained subdued as buyers stayed cautious.
Rayong was the only province to record growth, driven by industrial expansion and employment demand, while Chon Buri and Chachoengsao lagged.
Supply also contracted significantly, with new project launches and construction permits declining as developers adopted a more cautious approach. Low-rise housing continues to dominate new supply, while condominium development weakened further.
According to Pairoj Wattanavarodom of Eastern Star Real Estate, demand remains uneven across the region, with some resilience in professional segments but weakening demand among industrial workers.
The market is expected to remain under pressure in the near term, with developers focusing on lower-priced housing and buyers maintaining a wait-and-see approach.