Thailand’s real estate and construction sector accounted for 8.8% of the country’s GDP in 2017. The real estate sector alone reported GVA of THB 964bn, while the construction sector posted GVA of 399bn in 2017. Real estate and construction together employed 2.36mn persons in 2017, and accounted for 6.3% of total employment in Thailand in that year. Infrastructure construction in particular hinges on public spending and is susceptible to associated risks such as project delays or budget cuts. Property construction is dominated by the housing segment, which in turn is mostly driven by condominium construction, catering to Thailand’s urbanising middle class. The high household debt of Thais is a major challenge for prospective home buyers. That excluded, the sector generally expects bright prospects for the future, reflecting Thailand’s strengthening position as a regional investment hub.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS 

05 REGULATORY ENVIRONMENT 

06 RESIDENTIAL REAL ESTATE 

07 NON-RESIDENTIAL REAL ESTATE

08 INFRASTRUCTURE CONSTRUCTION