GH Bank: Second-hand Homes Dominate 60% of Property Transfers

Post Today•Economy•8m ago

Reader Briefing

Second-hand homes now account for over 60% of property transfers due to high loan rejection rates and weak purchasing power.

•GH Bank reports an oversupply of condominiums in Bangkok and surrounding areas.
•Second-hand homes are selling better than new homes because of lower prices and easier loan access.
•GH Bank has partnered with TCG to provide loan guarantees for retail customers and small entrepreneurs.
•REIC data for Q2 2026 shows a 6.1% increase in second-hand home listings nationwide.

Overview

•Condominiums in Bangkok and surrounding areas are facing an oversupply and accumulated unsold stock.
•New homes are selling slowly due to weak public purchasing power and strict loan considerations by commercial banks.
•More than 60% of recent property ownership transfers for both high-rise and low-rise homes are second-hand properties.
•GH Bank collaborated with TCG to provide loan guarantees for retail customers, renters wanting homes, and small entrepreneurs.
•In Q2 2026, second-hand home listings nationwide increased by 6.1% and value increased by 24.9% according to REIC.
•In Bangkok and surrounding areas, second-hand home transfers in Q2 2026 increased by 35% in units and 29.4% in value.
•The real estate developer confidence index in Bangkok and surrounding areas rose from 46.9 in Q2 to 51.3 in Q3, though the 6-month outlook fell to 49.8.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Quotes

Mahatthana Ampornpisit

"Currently, the rejection rate in the real estate sector remains high, resulting in more than 60% of ownership transfers for both high-rise and low-rise homes recently being second-hand homes."

ปัจจุบันยอดปฏิเสธสินเชื่อ (Rejection Rate) ในภาคอสังหาริมทรัพย์ยังอยู่ในระดับสูง ส่งผลให้ยอดโอนกรรมสิทธิ์ทั้งบ้านแนวสูงและแนวราบในช่วงที่ผ่านมา มากกว่า 60% เป็นการโอนบ้านมือสอง

Key Entities

Person

Mahatthana Ampornpisit(มหัทธนะ อัมพรพิสิฏฐ์)

Managing Director of the Government Housing Bank.

Organization

Government Housing Bank(ธนาคารอาคารสงเคราะห์)ℹ️

A bank that provides insights on the housing market and collaborates with TCG for loan guarantees.

Thai Credit Guarantee Corporation(บรรษัทประกันสินเชื่ออุตสาหกรรมขนาดย่อม)

An organization that collaborated with Government Housing Bank to provide loan guarantees for retail customers and small entrepreneurs.

Real Estate Information Center(ศูนย์ข้อมูลอสังหาริมทรัพย์)

The entity providing data on second-hand home listings and transfer statistics.

Place

Bangkok and surrounding areas(กรุงเทพฯ และปริมณฑล)

Region facing condominium oversupply and seeing a rise in second-hand home transfers.