Riverfront/Beachfront condominium in Thailand is an asset worth investing as a residence and keeping as an asset. The total supply from 2010 to 2022 grew 8.2% and 8.8% in 2023. The growth rate increased but not much as there is limited supply of land along the riverfront/beachfront areas. Riverfront/Beachfront condominium in Thailand divided by area as follows:
The Chao Phraya Riverfront, Bangkok is the most popular area where riverfront condominium projects have been developed as it is a growing area near the economic center and living in this area is considered as an uplifted luxurious lifestyle.
At the end of 2023, the number of the Chao Phraya Riverfront condominiums accounted for 2.3% of total supply, an increase of 0.1% from 2022 at 2.2%. The second most popular one is Pattaya Beachfront condominiums.
Under construction and Complete Stock Project
Riverfront/Beachfront condominiums under construction and complete stock projects classified by project life span as follows:
Riverfront/Beachfront condominium projects sale rate was 84.0% at the end of 2023, slightly increased from 83.6% in 2022. The number of total projects is approximately 80 projects. There are currently 46 sold-out projects, which indicated that market demand is spread across different riverfront areas.
Source: Knight Frank Thailand