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Towers around Benjakitti Park, between Asok and Khlong Toei, at dusk Photo above: สรรชัย ติล via Google
How much is a condo in Bangkok? The average condo that changed hands in the city of Bangkok in the first half of 2026 cost roughly 2.8 million baht, based on official transfer records compiled by the Real Estate Information Center (REIC). Across the wider Bangkok region, about a third of condo transfers were for 1 million baht or less, and only about 2% were above 10 million baht. New condos in the middle and outer city were being offered at about 102,000 baht per square meter in mid-2026, according to CBRE Research.
This guide covers buying. If you want to rent instead, see how much rent is in Bangkok, and for a full monthly budget, how much it costs to live in Bangkok. It is general information, not financial or investment advice.
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How much does a condo cost in Bangkok on average?
REIC's report on the first half of 2026 (January to June) records 27,788 condominium units transferred in the city of Bangkok for a total of 78,701 million baht, an average of about 2.8 million baht per unit. Landed homes averaged about 5 million baht. The figures come from Department of Lands registrations and cover 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 |
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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 report does not break prices down by district or size.
How much is a new condo per square meter in Bangkok?
CBRE Research reported that the average asking price of off-plan and under-construction condominiums in Midtown and Suburban Bangkok was THB 101,966 per square meter in the second quarter of 2026, down 3.0% from THB 105,065 the quarter before. In downtown Bangkok, asking prices for high-end and above freehold projects under construction rose 7.0% in the same period.
At the Midtown and Suburban average, a new 30-square-meter studio would be priced at about 3.1 million baht and a 45-square-meter one-bedroom at about 4.6 million baht (our arithmetic). Downtown projects in the high-end segment ask considerably more; CBRE's figures summary gives the rate of change there, not the price level.
How are Bangkok condo prices spread?
For Bangkok and its five neighboring provinces, REIC's price-band data for the first half of 2026 show that nearly four in five condo transfers were for 3 million baht or less. About 34% were for 1 million baht or less, while units above 10 million baht made up about 2% of the 40,976 transfers.
| 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% |
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The region covers Bangkok plus Nonthaburi, Samut Prakan, Pathum Thani, Nakhon Pathom and Samut Sakhon; shares are our calculation from REIC's unit counts. Demand for new condos is also picking up: REIC reported on September 22, 2026 that new condo sales in the region rose 19.5% year on year in the second quarter, and estimated that the unsold condo stock would take about 39 months to sell at the current pace.
What do foreigners pay for condos in Thailand?
Foreign buyers took ownership of 6,533 condo units in Thailand in the first half of 2026, worth 28,267 million baht, according to REIC. The average unit cost about 4.3 million baht and measured about 43.9 square meters, or roughly 98,566 baht per square meter. These are nationwide figures, so they include resort markets as well as Bangkok.
- 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.
Can foreigners buy a condo in Bangkok?
Yes. Foreign individuals and companies can hold title to condominium units, but foreign ownership in a building may not exceed 49% under the Condominium Act, according to the Thailand Board of Investment. A transfer that would push a building over that limit is rejected by the Land Office, so check that the building's foreign quota still has room before you commit.
The building's juristic person (management office) and the Land Office can confirm the remaining quota. The Department of Lands publishes its own regulation on condominium ownership by foreigners and separate procedures for a Thai national married to a foreigner, and rules also govern how purchase money is brought into Thailand, so ask your bank and the Land Office what documents they need before you transfer funds.
Can foreigners buy a house and land?
Generally no. The Board of Investment's guide states that foreign citizens and businesses may not, in general, own land in Thailand. The exceptions are narrow:
- Under Section 96 bis of the Land Code, a foreigner who invests at least 40 million baht, and keeps it invested 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 leased land, because building ownership is not restricted.
The Department of Lands also lists measures against Thai nationals holding land on behalf of foreigners, so arrangements that disguise foreign ownership carry legal risk. Take advice from a licensed Thai lawyer before committing.
What fees and taxes are paid when a condo is transferred?
The Department of Lands lists a transfer registration fee of 2% of the appraised value, specific business tax of 3.3% on sales that fall within its rules (such as a sale within five years of purchase), stamp duty of 0.5% where specific business tax does not apply, and withholding income tax for the seller. Buyer and seller agree who pays each item.
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.
Should you rent before you buy?
Many buyers rent in a neighborhood first. A few months of real commuting shows whether the walk to the BTS or MRT, the noise and the building management suit you, and it costs far less than a resale mistake. CBRE's 2026 rent benchmarks in our rent guide help you compare the two.
- Think about transport and green space. Condos near the rail lines and big parks such as Lumphini Park or Benjakitti Park suit residents who do not want to drive. Our guide to where Sukhumvit is covers the most popular condo corridor.
- Check the building. Ask for the juristic person's accounts, the common-area fee and the remaining foreign quota.
- Plan the paperwork. Our guide on how to move to Bangkok covers visas; a licensed lawyer and the Land Office are the right sources for your case.
- Stay nearby while you look. Our Bangkok hotels are sorted by neighborhood.
Sources: REIC, Bangkok housing market Q2 and H1 2026, REIC, Bangkok housing market Q2 2026 (September 22, 2026), REIC, condominium transfers to foreigners Q2 and H1 2026, CBRE Research, Bangkok Overall Figures Q2 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 78,701 million baht, an average of roughly 2.8 million baht per unit by our calculation. About 34% of condo transfers in the wider Bangkok region were for 1 million baht or less.
CBRE Research put the average asking price of off-plan and under-construction condos in Midtown and Suburban Bangkok at THB 101,966 per square meter in Q2 2026. Downtown high-end projects cost more, and their asking prices rose 7.0% that quarter.
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, within the foreign quota: foreign ownership in a building may not exceed 49% under the Condominium Act, according to the Thailand Board of Investment. Check that the building's quota has room before you commit.
The Department of Lands lists a 2% transfer fee on the appraised value, specific business tax of 3.3% where it applies, stamp duty of 0.5% where it does not, and withholding income tax for the seller. REIC reports a temporary fee reduction 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.