Compact, affordable units drive market preferences. Most popular sizes range from 31–60 sqm, ideal for holiday homes and investment. (Photo by Jetsada Homklin) PATTAYA, Thailand – Thailand’s condominium market continues to attract steady interest from foreign buyers, especially in popular areas like Pattaya and Bangkok, with two-bedroom units priced under 3 million baht proving to be the most sought-after option. According to the latest data released by the Real Estate Information Center (REIC) of the Government Housing Bank, 3,919 condo units were transferred to foreigners nationwide during the first quarter of 2025, with a total value of 16.39 billion baht. While that marks a slight 0.5% dip in unit volume and a 9% drop in total value compared to the same period in 2024, foreign demand in key provinces remains strong. Over 80% of the units transferred were located in just two provinces — Bangkok and Chonburi — with Chonburi being home to the coastal city of Pattaya, long a magnet for overseas buyers seeking a seaside lifestyle. Chinese nationals remained the largest foreign buyer group, acquiring 1,481 units worth more than 6.1 billion baht. Their continued dominance in the market highlights a consistent preference for Thai condominiums, especially in tourist-friendly areas. The top choice for foreign buyers remains clear: condominiums priced under 3 million baht. Since 2019, this price point has consistently led sales volume. Properties priced between 3–5 million baht come next in popularity, followed by those in the 5–7.5 million baht range. Interestingly, the most expensive units — those above 10 million baht — account for the highest total value of transactions, though they are fewer in number. In terms of size, the preferred condo units among foreigners are those between 31 to 60 square meters, typically one- to two-bedroom units — ideal for holiday homes, rental investments, or minimalist living. Studios and one-bedroom units smaller than 30 square meters also remain popular, especially among budget-conscious buyers. On the opposite end, large condos over 100 square meters — usually with three or more bedrooms — remain the least popular among foreigners, both in terms of volume and value. Among the top five provinces with the most condo transfers, Chonburi (where Pattaya is located) ranks second after Bangkok, recording 1,309 units, or 33.4% of the national total. Bangkok led the pack with 1,695 units, making up 43.3%. Combined, the two provinces account for 76.7% of all foreign condo transactions in Thailand. In terms of value, Bangkok also came first with over 9.55 billion baht in transactions (58.3%), followed by Chonburi at 3.8 billion baht (23.2%). Together, they represent more than 81% of the total foreign condo transaction value in the country. Other provinces rounding out the top five are Phuket, Samut Prakan, and Chiang Mai — all recognized for their tourism appeal and growing foreign communities. Even as overall volumes dip slightly, the fundamentals of Thailand’s foreign condo market remain solid. For international buyers, especially those from China and other Asian countries, Pattaya continues to deliver — offering the right mix of affordable prices, desirable locations, and compact units that fit the foreign lifestyle and budget. With two-bedroom units under 3 million baht still dominating demand and Pattaya’s beachside appeal holding strong, the city’s condominium sector remains closely aligned with what foreign buyers want.