Thailand - House Price Index

For Thailand, a house price index, divided by typology (condo, townhouse with land, single detached with land) and region, monthly from 2011. Compiled by the Real Estate Market Research Department, Real Estate Information Center, and reported by the Bank of Thailand. 

Active:

• Table code: EC_EI_008_S4
• Lender pool: Commercial banks and specialized financial institutions
• Measurement: Fixed-base index relative to 2011 (Index 2011=100)
• Cumulation: Three-month moving average (3-mo MA)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: Uniformly 2011m1
• Geo coverage:
  • Country
  • Bangkok metro region (ITHA_BNK6)
  • Thailand excl. Bangkok metro region (ITHA_OTX6)
  • Central region excl. Bangkok metro region (ITHA_CENX)
  • North, Northeast, South regions (ITHA_^^^^)
• All concept-geo pairs exist: No

Predecessors:

• Country, Bangkok, other - 2011m1 to 2024m12 ("_24")
• Mortgages at commercial banks, 2009=100 - 2008m1 to 2021m9 (no specifier)
• Mortgages at GHB, 1991=100 - 1991Q1 to 2011Q2

Global concept alias(es):

• HPI

In these statistics, the Bangkok Metropolitan Region (literally, "Bangkok and environs") is a political definition comprising six provinces: Bangkok itself, plus Nakhon Pathom, Nonthanburi, Pathum Thani, Samut Prakan, and Samut Sakhon.

Index 2011=100, starting 2023

Pool includes commercial banks and all specialized financial institutions (SFIs).

Index 2011=100, until 2023

The four indicators are now categorized as the residential property price index (RPPI) and land price index (LPI). Pool includes commercial banks and one SFI.

Index 2009=100

This set of house price indices comprises four indicators: single detached house with land, town house with land, condominium, and land.

The indexes were calculated from 17 commercial banks’ mortgage loan in Bangkok and vicinities (Bangkok, Samut Prakan, Nonthaburi, Pathum Thani, Nakhon Pathom and Samut Sakhon).

Single detached house with land, town house with land, and condominium price indexes were compiled by using rolling window and time dummy hedonic regressions method (3-month moving average), controlling four housing characteristics (age, stories, entrepreneur, and distance to metropolitan transportation services such as the Skytrain, the underground and expressway). The land price index has been constructed by stratification with monthly weight (3-month moving average).

Index 1991=100

They're based on the Government Housing Bank (GHB) appraisal database. GHB accounts for nearly 40% of total housing loans. The indexes are limited in that GHB loans comprise mostly the low-to-medium end of the housing market, and are concentrated on the periphery of central Bangkok and vicinity.

Yes, when updated data are available.

Further reading

At the source:

• The Developing of Thailand Residential Property Price Index (Thai only)
• Thailand’s RPPI Technical Paper (Feb 2025)
• Metadata for EC_EI_008_S4 (2011=100)
• Metadata for EC_EI_008_s3 (2011=100)
• Metadata for EC_EI_008_s2 (2009=100)
• Metadata for EC_EI_008 (1991=100)

• Feb 2012 - Initial version.
• Jan 2022 - Rebased to 2011.
• 28 Mar 2025, Phillip Thorne - Expanded typology and regional detail: Properties, Further reading.