Thailand Housing Permits Drop 35% as Transfers Jump 23%
We need a short summary: 1-2 sentences, 120-220 characters, not more than 240. Must be English. Lead with what happened: in Q2 2026 (2569) land subdivision permits fell 34.6% to 6,196 units, while housing transfers rose 22.9% to 95,082 unit
REIC reported that in Q2 2026, nationwide land subdivision permits dropped 34.6% to 6,196 units, reflecting developers delaying new projects, while construction permits fell 4.0% due to a 54.5% plunge in condominium permits, even as low-rise housing permits rose 13.7%. On the demand side, home ownership transfers nationwide in Q2 2026 reached 95,082 units, up 22.9%, with a value of 242,657 million baht, up 15.5%; new personal housing loans released amounted to 167,758 million baht, up 18.4% year-on-year.
For the first half of 2026, land subdivision permits totaled 12,141 units, down 39.7% from 20,120 units in the same period of the previous year, showing a slowdown in new subdivision launches. Bangkok and its periphery accounted for the highest share at 6,166 units, down 37.9%; followed by the East with 2,363 units, down 43.0%; and the Central region with 1,143 units, down 8.0%.
By housing type in H1 2026, single-detached houses comprised 5,520 units (45.5% of total subdivision permits), townhouses 4,038 units (33.3%), twin houses 2,062 units (17.0%), vacant land for subdivision 406 units (3.3%), and commercial buildings 115 units (0.9%).
Construction permits for housing in H1 2026 amounted to approximately 134,220 units, up 10.6% year-on-year. Low-rise housing permits rose to 110,504 units, up 14.3%, while condominium permits fell to 23,716 units, down 3.8%. Permit increases were observed in most regions except Bangkok and its periphery, which decreased 1.8%. The Northeast led with a 24.8% increase, followed by the East (21.3%), Central (21.1%), South (14.1%), West (9.0%), and North (1.5%).
Home ownership transfers in H1 2026 surged 17.6% to 167,665 units nationwide, valued at 429,839 million baht, up 9.8%. Low-rise transfers increased to 111,624 units, up 14.6%, valued at 299,431 million baht, up 6.1%; condominium transfers rose to 56,041 units, up 24.1%, valued at 130,408 million baht, up 19.3%.
Transfers grew across nearly all price brackets except those above 7.5 million baht. The under-1-million-baht bracket saw unit transfers up 21.4%; the 2.01-3.00 million baht bracket saw transfer value up 21.3%. For low-rise housing, the 2.01-3.00 million baht bracket recorded the highest growth, with both units and value up 19.0%. For condominiums, the under-1-million-baht bracket posted the strongest gains, with units transferred up 33.0% and value up 30.1%.
Regarding new personal housing loans, nationwide data indicated continued growth, though the excerpt ends before presenting the specific figures.
