Bangkok Apartment Market Records 94.9% Occupancy

In Q3 2025, the expatriate population in Thailand rose by 3.3 percent quarter over quarter, indicating a consistent expansion in long-term residential demand. Chinese nationals accounted for the largest share at 28.6 percent, followed by Japanese residents at 12.4 percent and Filipino nationals at 11.3 percent. Apartment supply and demand in Bangkok remain well-balanced, with occupancy of apartments holding at 94.9 percent across the market.

Source: Foreign Workers Administration Office

The continued rise in expatriate residents underscores Bangkok and Thailand’s position as one of Asia’s leading destinations for long-term living. Strong infrastructure, diverse economic activity, and the city’s high quality of life remain key drivers of this sustained growth. Based on our market experience, two- and three-bedroom units remain the preferred configurations among expatriate families in Bangkok, while resort markets see greater interest in one-bedroom layouts for short- to medium-term stays.

At the top end of the market, the ultra-luxury condominium segment continues to show resilience, supported by steady demand from Thailand’s ultra-high-net-worth individuals and foreign buyers seeking wealth preservation and long-term capital appreciation. Key areas for this segment include prime areas within Sukhumvit, Sathorn, and Siam–Ratchadamri.

Looking ahead, expatriate demand is expected to remain healthy as regional business activity strengthens and Thailand continues to attract long-term residents seeking connectivity, lifestyle, and stability. The luxury segment is likely to maintain its upward trajectory, while mass-market apartment demand should remain stable through the next cycle, barring major shifts in regional mobility or policy.