Thai developers target rich foreign buyers with luxury homes

Raimon Land builds $26m condos, while Sansiri doubles high-end supply

Sansiri plans to have 19 billion baht of luxury housing on the market at the end of 2025. (Sansiri)

KENYA AKAMA

April 19, 2025 00:43 JST

BANGKOK -- Thailand's property developers are racing to build new luxury homes, tapping into an influx of wealthy foreign buyers to ease the blow from the slowdown in the Southeast Asian nation's overall real estate market.

About a 10-minute walk from the BTS SkyTrain system's Phrom Phong station in Bangkok, Raimon Land is building a new four-unit luxury development called The 528 Estate.