How much is a condo in Bangkok? Official transfer records put the average condo transferred in the city of Bangkok in the first half of 2026 at roughly 2.8 million baht, and in the wider Bangkok region about a third of condo transfers were for 1 million baht or less. Prices range widely, from small suburban studios to units above 10 million baht in the central business districts.
The figures below come from the Real Estate Information Center (REIC) of the Government Housing Bank, which compiles Department of Lands registration data. This guide also explains what foreigners are allowed to own, and the government fees to budget for. It is general information, not financial or investment advice.
Average condo and house prices in Bangkok
REIC's report on the Bangkok housing market for the first half of 2026 (January to June) gives these totals for ownership transfers, which cover both new and resale homes:
| City of Bangkok, H1 2026 | Units transferred | Total value | Average per unit (our calculation) |
|---|---|---|---|
| Condominium units | 27,788 | 78,701 million baht | about 2.8 million baht |
| Landed homes (houses and townhouses) | 14,464 | 72,327 million baht | about 5.0 million baht |
An average hides a lot of range. A small unit far from the rail network and a large unit on a central BTS line are different products, and REIC's figures do not break prices down by district or size in this report.
How condo prices are spread
REIC also groups transfers by price band for Bangkok and its five neighboring provinces (Nonthaburi, Samut Prakan, Pathum Thani, Nakhon Pathom and Samut Sakhon). For condominiums in the first half of 2026, the 40,976 transfers split like this (percentages are our calculation from REIC's unit counts):
| Price band (baht) | Condo units | Share |
|---|---|---|
| 1 million or less | 13,837 | 34% |
| 1.01 to 1.5 million | 6,214 | 15% |
| 1.51 to 2 million | 4,666 | 11% |
| 2.01 to 3 million | 7,457 | 18% |
| 3.01 to 5 million | 5,650 | 14% |
| 5.01 to 7.5 million | 1,815 | 4% |
| 7.51 to 10 million | 485 | 1% |
| Over 10 million | 852 | 2% |
In other words, nearly four in five condo transfers in the region were for 3 million baht or less, while units above 10 million baht made up about 2 percent. REIC also reported that new condo sales in the Sukhumvit zone rose sharply year on year in the second quarter of 2026, a sign of demand for central, rail-connected locations.
What foreign buyers are paying
REIC publishes a separate report on condominium transfers to foreigners, based on Department of Lands data. Across Thailand in the first half of 2026:
- Foreigners took ownership of 6,533 condo units worth 28,267 million baht.
- The average unit cost about 4.3 million baht and measured about 43.9 square meters, or roughly 98,566 baht per square meter.
- Buyers from China were the largest group, with an average unit value of about 3.8 million baht; buyers from the United States had the highest average, about 6.6 million baht.
These are nationwide figures, so they include resort markets as well as Bangkok.
Can foreigners buy a condo or a house in Bangkok?
Condominiums: yes, within the foreign quota
Foreign individuals and companies can hold title to condominium units. According to the Thailand Board of Investment's business guide, the rule under the Condominium Act is that foreign ownership in a building may not exceed 49 percent; a transfer that would push a building over that limit is rejected by the Land Office. In practice, this means the building's foreign quota must still have room when you buy, which the building's juristic person (management office) and the Land Office can confirm.
The Department of Lands publishes its own regulation on condominium ownership by foreigners (B.E. 2547, 2004) and separate procedures for a Thai national married to a foreigner who acquires a unit. Rules also govern how purchase money is brought into Thailand, so ask your bank and the Land Office what documents they require before you transfer funds.
Land and houses: generally no
The Board of Investment's guide states that, in general, foreign citizens and businesses may not own land in Thailand. The main exceptions are narrow:
- Under Section 96 bis of the Land Code, a foreigner who invests at least 40 million baht, and keeps the investment for at least three years, may be permitted by the Ministry of Interior to buy up to 1,600 square meters of land for a residence.
- Companies promoted by the Board of Investment may apply to own land for their projects.
- Foreigners may own a building, such as a house, on land that is leased, because building ownership is not restricted.
The Department of Lands also lists measures to prevent Thai nationals from holding land on behalf of foreigners, so arrangements that disguise foreign ownership carry legal risk. Take advice from a licensed Thai lawyer before committing.
Government fees and taxes at transfer
When a condo or house changes hands, the Land Office collects fees and taxes based on the property's official appraised value or the sale price. According to the Department of Lands, the standard items are:
- Transfer registration fee: 2 percent of the appraised value.
- Specific business tax: 3.3 percent, charged on sales that fall within its rules, such as a sale within five years of acquiring the property.
- Stamp duty: 1 baht per 200 baht (0.5 percent), not charged when specific business tax applies.
- Withholding income tax for the seller, calculated under the Revenue Code on the appraised value, with deductions for the years the property was held.
REIC notes that a temporary government measure reducing transfer and mortgage registration fees has been extended by the Cabinet to June 30, 2027. Eligibility conditions apply, so confirm with the Land Office whether a purchase qualifies. Who pays each fee is agreed between buyer and seller.
Before you decide
- Rent first. Many people spend time in a neighborhood before buying. Our guide to Bangkok hotels can help with a first stay while you look.
- Think about transport and green space. Condos near the BTS and MRT, and near large parks such as Lumphini Park or Benjakitti Park, suit residents who do not want to drive.
- Check the building. Ask for the juristic person's accounts, common-area fees and the remaining foreign quota.
- Use professionals. A licensed lawyer and the Land Office are the right sources for your specific case; this guide does not replace them.
Sources: REIC, Bangkok housing market Q2 and H1 2026, REIC, Bangkok housing market Q2 2026, REIC, condominium transfers to foreigners Q2 and H1 2026, Thailand Board of Investment, A Business Guide to Thailand, Department of Lands, land information for foreigners, Department of Lands, fees, taxes and duties. Checked September 26, 2026.
REIC's figures for the first half of 2026 show 27,788 condo units transferred in the city of Bangkok for a total of 78,701 million baht, an average of roughly 2.8 million baht per unit by our calculation. Across Bangkok and its neighboring provinces, about 34 percent of condo transfers were for 1 million baht or less and about 2 percent were above 10 million baht.
In the first half of 2026, 14,464 landed homes were transferred in the city of Bangkok for 72,327 million baht, an average of roughly 5 million baht per home by our calculation from REIC data.
According to REIC, foreigners took ownership of 6,533 condo units nationwide in the first half of 2026, at an average of about 4.3 million baht and 43.9 square meters per unit, or roughly 98,566 baht per square meter.
Yes. Foreigners can hold title to condominium units, but foreign ownership in a building may not exceed 49 percent under the Condominium Act, according to the Thailand Board of Investment. Check that the building's foreign quota has room before you commit.
Generally no. Foreigners may not own land except in narrow cases, such as a 40 million baht investment that may allow up to 1,600 square meters for a residence with Ministry of Interior permission. Foreigners can own a building on leased land.
The Department of Lands lists a 2 percent transfer fee on the appraised value, specific business tax of 3.3 percent where it applies, stamp duty of 0.5 percent where specific business tax does not apply, and withholding income tax for the seller. REIC reports that a temporary fee reduction has been extended to June 30, 2027, subject to conditions.
BangkokVacay does not give investment advice. For a decision about your own circumstances, speak to a licensed financial adviser and a licensed Thai lawyer.
