# New condo prices in Bangkok up 2.2% in Q3 2026, new houses up 0.2%

The Real Estate Information Center said on 12 October 2026 that its price index for new condominiums on sale in Bangkok and nearby provinces reached 161.8 in the third quarter of 2026, up 2.2 percent on the year, with Bangkok at 165.3. The new housing-estate index was 131.5, up only 0.2 percent. Construction costs and land near transit explain it.

## What the Real Estate Information Center released on 12 October 2026

The Real Estate Information Center, part of the Government Housing Bank, published two price indices for new homes still on sale in Bangkok and the surrounding provinces for the third quarter of 2026 on the same day. Condominiums and low-rise houses are clearly moving apart.

- The new condominium price index stands at 161.8, up 2.2 percent on the same quarter a year earlier and up 0.1 percent on the previous quarter.
- For Bangkok alone the condominium index is 165.3, up 2.4 percent year on year.
- For Samut Prakan and Nonthaburi it is 147.1, up 1.5 percent year on year.
- The new housing-estate price index stands at 131.5, up from 131.3 a year earlier, a rise of only 0.2 percent.
- For Bangkok alone the housing index is 132.4, up 0.5 percent year on year.
- For Nonthaburi, Pathum Thani and Samut Prakan it is 128.6, down 0.5 percent year on year.

These indices track the asking prices of new projects still on the market. They are not closed deal prices, and they are not resale prices.

## New condos cost more because of cost, not competition between buyers

The center says the rise in new condominium prices comes from development costs that keep climbing: construction, materials, labour, and land in prime locations, especially land close to mass transit, close to the central business district, and in areas with full amenities.

At the same time developers have to clear stock to hold up sales volume and cash flow. The tools they picked are heavier sales promotions: gifts and cash discounts that take part of the bill off the buyer. On the low-rise side, the center says prices rose more slowly because the number of unsold units kept growing, so developers there also used gifts instead of direct price cuts.

In buyer's language: the sticker price is still going up, and the real discount is hidden in the extras and the cash back. If you do not ask, you do not get it.

## Construction cost pressure sits in the structural work

The same day the center published its home construction cost index for Bangkok for the third quarter of 2026: up 1.5 percent on the previous quarter and up 2.1 percent year on year. The pressure is not spread evenly.

- Structural engineering work rose 3.6 percent on the quarter and 6.2 percent on the year, the biggest move of any work category.
- Concrete products rose 13.2 percent on the quarter and 13.0 percent on the year, the fastest in three quarters.
- Architectural work rose 0.8 percent on the quarter and 0.6 percent on the year.
- Steel and steel products fell 4.1 percent on the quarter but are still up 1.5 percent on the year.
- Tiles fell 3.1 percent on the quarter and 8.5 percent on the year.
- Sanitary ware fell 0.6 percent on the quarter and 1.4 percent on the year.

What got more expensive is the part nobody can skip; what got cheaper is the finishing you can choose. That is why asking prices on new projects are hard to bring down, while anyone renovating an older unit may find finishing materials cheaper than a year ago.

## Median asking prices on DooAsset right now

The center's indices measure new projects. The figures below are the medians of listings actually open on DooAsset as of 12 October 2026, which include resale units and rentals.

- [Condos for rent across Bangkok](https://dooasset.com/en/rent/condo/): 734 units, median 28,500 baht a month, middle range 20,000 to 47,500 baht.
- [Condos for sale across Bangkok](https://dooasset.com/en/buy/condo/): 378 units, median 8,200,000 baht.
- [Huai Khwang District](https://dooasset.com/en/area/huai-khwang-district/): 46 rentals at a median 22,000 baht; [14 units for sale](https://dooasset.com/en/buy/condo/huai-khwang-district/) at a median 4,567,500 baht.
- [Bang Na District](https://dooasset.com/en/area/bang-na-district/): [20 rentals](https://dooasset.com/en/rent/condo/bang-na-district/) at a median 13,000 baht, less than half the Bangkok-wide median.

The gap between the asking price of a new project and the median of units actually on sale is the buyer's room to negotiate. The more cost pushes new launch prices up, the better value a resale unit in the same building looks.

## A checklist before you reserve a new unit in late 2026

1. Ask for the cash discount and the free extras as numbers, then have them written into the reservation form or the contract. That is where a seller can move, not on the sticker price.
2. Always compare resale units in the same building or area first; the gap against a new launch can run past a million baht.
3. Check whether the price you are discussing is at or under 7 million baht, because the cut in transfer and mortgage registration fees to 0.01 percent each applies to homes up to that price.
4. Buying off-plan: ask to see real progress on the structural work, the category where costs are rising fastest.
5. Renting: use the area median as your starting point, then trade a longer lease for a fixed rent.

## Read next

- [Developer sentiment in Q3 2026: earnings recover, sales still fall](https://dooasset.com/en/articles/reic-developer-sentiment-index-q3-2026/)
- [New or older condos in Bangkok, which is better value](https://dooasset.com/en/articles/new-vs-older-condos-bangkok-which-is-better-value/)
- [Buying a resale condo, from reservation to transfer day](https://dooasset.com/en/articles/buying-resale-condo-bangkok-step-by-step/)
- [Rent or buy a condo in Bangkok, from real asking prices](https://dooasset.com/en/articles/rent-or-buy-condo-bangkok-real-prices/)

## Key facts

- Published: 13 Oct 2026
- Author: the DooAsset team
- Topic: Market and prices
- Reading time: 4 min
- Facts checked: 13 Oct 2026

## Frequently asked questions

### What is the new condominium price index for the third quarter of 2026?

The index for new condominiums on sale in Bangkok and the surrounding provinces is 161.8, up 2.2 percent year on year and 0.1 percent on the previous quarter. For Bangkok alone it is 165.3, up 2.4 percent. Source: the Real Estate Information Center, published 12 October 2026.

### Why are new condo prices rising faster than new houses?

The center says new condominium prices follow development costs that keep rising: construction, materials, labour and land near mass transit and the central business district. New housing-estate prices rose only 0.2 percent because unsold stock kept growing, so developers there used gifts instead of cutting the asking price.

### Does this mean a buyer should wait or buy now?

The index tracks asking prices on new projects, not closed deals. The center says developers prefer gifts and cash discounts to cutting the asking price, so ask for the discount as a number and compare resale units in the same area. On DooAsset the median asking price for a condo for sale in Bangkok is 8,200,000 baht across 378 open listings.

### How much did home construction costs rise in the third quarter of 2026?

The home construction cost index for Bangkok rose 1.5 percent on the previous quarter and 2.1 percent year on year. Structural engineering work was up 6.2 percent on the year and concrete products up 13.0 percent, while tiles fell 8.5 percent on the year.

## Links

- [This article](https://dooasset.com/en/articles/reic-new-condo-house-price-index-q3-2026/)
- [Source: ศูนย์ข้อมูลอสังหาริมทรัพย์ — ดัชนีราคาห้องชุดใหม่ที่อยู่ระหว่างการขาย ไตรมาส 3 ปี 2569 ในกรุงเทพฯ - ปริมณฑล](https://www.reic.or.th/Activities/PressRelease/300)
- [Source: ศูนย์ข้อมูลอสังหาริมทรัพย์ — ดัชนีราคาบ้านจัดสรรใหม่ที่อยู่ระหว่างการขาย ไตรมาส 3 ปี 2569 ในกรุงเทพฯ – ปริมณฑล](https://www.reic.or.th/Activities/PressRelease/299)
- [Source: ศูนย์ข้อมูลอสังหาริมทรัพย์ — ดัชนีราคาค่าก่อสร้างบ้านมาตรฐาน ไตรมาส 3 ปี 2569](https://www.reic.or.th/Activities/PressRelease/301)
- [Bangkok has 65,300 unsold condos, 25,700 of them ready to transfer](https://dooasset.com/en/articles/bangkok-condo-unsold-stock-q3-2026/)
- [Refinancing a home loan in Thailand 2026: when, cost, is it worth it](https://dooasset.com/en/articles/refinance-home-loan-thailand-2026/)
- [Orange Line free rides Dec 2027, fares Jan 2028; Purple South 2030](https://dooasset.com/en/articles/mrt-orange-purple-south-timeline-2026/)
- [All articles](https://dooasset.com/en/articles/)

Updated: 13 Oct 2026

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