The Real Estate Information Center (REIC) of the Government Housing Bank (GHB) reports on the overall housing market situation still available for sale in the second half of 2024 across five provinces in the northeastern region: Nakhon Ratchasima, Khon Kaen, Udon Thani, Ubon Ratchathani, and Maha Sarakham. The survey found that the overall sales situation in all surveyed provinces remains stable, except in certain areas or locations where new projects for condominiums and villas have been launched. These locations have potential, leading to improved sales and absorption rates. Overall, there are approximately 14,592 units available for sale, valued at 51,628 million baht. This includes 4,265 condominium units valued at 11,542 million baht and 10,327 housing projects valued at 40,086 million baht. New sales totaled 1,737 units, a decrease of -21.5%, valued at 5,714 million baht, down -29.5% compared to the same period last year. This includes 1,037 units of single-family homes valued at 3,992 million baht and 700 condominium units valued at 1,722 million baht. Nakhon Ratchasima recorded the highest new sales of single-family homes at 372 units, valued at 1,482 million baht, while Khon Kaen had the highest sales of condominiums at 366 units, valued at only 781 million baht. In the northeastern region, a total of 1,873 new units were launched, an increase of 4.4%, valued at 5,625 million baht, but this represents a decrease of -42.9%. These new residential units include 697 single-family homes valued at 2,925 million baht and 1,176 condominium units valued at 2,673 million baht. Khon Kaen and Udon Thani launched new projects in close proximity, with Khon Kaen introducing 301 single-family homes valued at 978 million baht and 309 condominium units valued at 702 million baht, while Udon Thani launched 456 condominium units valued at 1,086 million baht. Nakhon Ratchasima did not launch any new condominium projects.

In the northeastern region, the five provinces have 12,855 unsold residential units available in the second half of 2024, an increase of 10.3%, valued at 45,914 million baht, up 5.2% compared to the same period in 2023 (YoY). This includes 9,290 housing project units valued at 36,094 million baht and 3,565 condominium units valued at 9,820 million baht. Nakhon Ratchasima has the highest number of unsold single-family homes at 4,147 units, valued at 16,222 million baht, followed by Khon Kaen with 2,780 units valued at 11,606 million baht. In contrast, Khon Kaen has the highest number of unsold condominium units at 2,223 units, valued at 4,713 million baht, while Nakhon Ratchasima has only 741 unsold condominium units, but their value is as high as 3,772 million baht.

Nakhon Ratchasima's Housing Market based on the survey for the second half of 2024 shows a total of 5,313 residential units available for sale, a decrease of -13.7%, valued at 21,756 million baht, down -17.4%. This includes 4,519 housing project units valued at 17,704 million baht and 794 condominium units valued at 4,052 million baht. There are 193 new residential units entering the market, a decrease of -73.3%, valued at 877 million baht, down -86.9%. The number of new sales is 425 units, a decrease of -49.5%, valued at 1,762 million baht, down -57.7%. There are 4,888 unsold units, a decrease of -8.1%, valued at 19,994 million baht, down -9.8%. This includes 4,147 housing project units, down -8.0%, valued at 16,222 million baht, down -8.8%, and 741 condominium units, down -8.5%, valued at 3,772 million baht, down -14.0%.

The top 5 locations with the highest new residential sales in Nakhon Ratchasima

1. Joho Zone: 148 units, valued at 530 million baht

2. City Center Zone: 91 units, valued at 372 million baht

3. Hua Ta-Le Zone: 50 units, valued at 142 million baht

4. Pak Chong Zone: 32 units, valued at 171 million baht

5. Wang Katha Zone: 31 units, valued at 127 million baht

The top 5 locations with the highest unsold residential units

1. City Center Zone: 1,450 units, valued at 5,596 million baht

2. Joho Zone: 1,338 units, valued at 4,344 million baht

3. Hua Ta-Le Zone: 633 units, valued at 2,143 million baht

4. Pak Chong Zone: 410 units, valued at 1,768 million baht

5. Suranaree Zone: 334 units, valued at 1,236 million baht

Overview of Khon Kaen in the second half of 2024 shows a total of 5,680 residential units available for sale, an increase of 21.0%, valued at 18,282 million baht, up 22.7%. This includes 3,091 housing project units valued at 12,787 million baht and 2,589 condominium units valued at 5,495 million baht. There are 610 new residential units entering the market, a decrease of -17.1%, valued at 1,680 million baht, down -23.5%. The number of new sales is 677 units, a decrease of -29.4%, valued at 1,963 million baht, down -20.7%. There are 5,003 unsold units, an increase of 33.9%, valued at 16,319 million baht, up 31.3% compared to the same period in 2023.

The top 5 locations with the highest new residential sales in Khon Kaen

1. City Center Zone: 368 units, valued at 898 million baht

2. Airport Bypass Zone: 118 units, valued at 482 million baht

3. Sila Zone: 55 units, valued at 143 million baht

4. Ban Tum-Ban Wa Zone: 46 units, valued at 128 million baht

5. Baan Kho Zone: 29 units, valued at 113 million baht

The top 5 locations with the highest unsold residential units

1. City Center Zone: 1,953 units, valued at 5,719 million baht

2. Airport Bypass Zone: 1,304 units, valued at 5,162 million baht

3. Sila Zone: 598 units, valued at 1,582 million baht

4. Ban Nong Lub Zone: 392 units, valued at 1,514 million baht

5. Ban Tum-Ban Wa Zone: 336 units, valued at 1,037 million baht

Overview of Ubon Ratchathani for the second half of 2024 shows a total of 1,522 residential units available for sale, an increase of 16.4%, valued at 4,430 million baht, up 8.8%. This includes 1,096 housing project units valued at 3,520 million baht and 426 condominium units valued at 910 million baht. There are 462 new residential units entering the market, an increase of 225.4%, valued at 1,102 million baht, up 126.7%. The number of new sales is 172 units, a decrease of -14.4%, valued at 548 million baht, down -19.8%. There are 1,350 unsold units, an increase of 22.0%, valued at 3,882 million baht, up 14.5% compared to the same period in 2023.

The top 5 locations with the highest new residential sales in Ubon Ratchathani

1. Central Ubon-Thabo Zone: 68 units, valued at 216 million baht

2. Ban Kham Zone: 51 units, valued at 151 million baht

3. Na Muang Zone: 34 units, valued at 111 million baht

4. Huai Wang Nong-Thani Khom Zone: 8 units, valued at 26 million baht

5. Thung Burapha Sports Field Zone: 5 units, valued at 28 million baht

The top 5 locations with the highest unsold residential units

1. Ban Kham Zone: 444 units, valued at 1,246 million baht

2. Central Ubon-Thabo Zone: 408 units, valued at 1,071 million baht

3. Na Muang Zone: 234 units, valued at 699 million baht

4. Charoensri Ubon Market Zone: 98 units, valued at 248 million baht

5. Huai Wang Nong-Thani Khom Zone: 59 units, valued at 191 million baht

Overview of Udon Thani for the second half of 2024 shows a total of 1,546 residential units available for sale, an increase of 37.1%, valued at 5,587 million baht, up 19.6%. This includes 1,090 housing project units valued at 4,501 million baht and 456 condominium units valued at 1,086 million baht. There are 573 new residential units entering the market, an increase of 1,636.4%, valued at 1,882 million baht, up 1,896.7%. The number of new sales is 413 units, an increase of 181.0%, valued at 1,282 million baht, up 117.7%. There are 1,133 unsold units, an increase of 15.5%, valued at 4,305 million baht, up 5.5% compared to the same period in 2023.

The top 5 locations with the highest new residential sales in Udon Thani

1. City Center Zone: 291 units, valued at 785 million baht

2. Moo Mun Zone: 75 units, valued at 329 million baht

3. Na Dee Zone: 19 units, valued at 58 million baht

4. Nong Bua Zone: 18 units, valued at 75 million baht

5. Ban Chan Zone: 6 units, valued at 21 million baht

The top 5 locations with the highest unsold residential units

1. City Center Zone: 454 units, valued at 1,668 million baht

2. Moo Mun Zone: 342 units, valued at 1,533 million baht

3. Na Dee Zone: 144 units, valued at 428 million baht

4. Nong Bua Zone: 110 units, valued at 424 million baht

5. Ban Chan Zone: 31 units, valued at 99 million baht

Overview of Maha Sarakham for the second half of 2024 shows a total of 531 residential units available for sale, a decrease of -8.3%, valued at 1,574 million baht, down -10.4%. This includes 531 housing project units valued at 1,574 million baht, with no condominium projects found. There are 35 new residential units entering the market, a decrease of -78.3%, valued at 84 million baht, down -77.4%. The number of new sales is 50 units, a decrease of -23.1%, valued at 159 million baht, down -20.0%. There are 481 unsold units, a decrease of -6.4%, valued at 1,415 million baht, down -9.2% compared to the same period in 2023 (YoY).

The top 5 locations with the highest new residential sales in Maha Sarakham

1. Tha Song Khon Zone: 18 units, valued at 61 million baht

2. New University Zone: 16 units, valued at 44 million baht

3. City Center Zone: 10 units, valued at 36 million baht

4. Waeng Nang Zone: 5 units, valued at 16 million baht

5. Keng Zone: 1 unit, valued at 3 million baht

The top 5 locations with the highest unsold residential units

1. Tha Song Khon Zone: 207 units, valued at 634 million baht

2. City Center Zone: 114 units, valued at 347 million baht

3. New University Zone: 96 units, valued at 234 million baht

4. Waeng Nang Zone: 41 units, valued at 139 million baht

5. Keng Zone: 23 units, valued at 61 million baht