Condo market in Prachuap Khiri Khan and Phetchaburi slows; existing units could take 19 years to sell
Phetchaburi condo stock could take about 19 years to sell at the current sales rate, according to the Real Estate Information Center (REIC), as sales slowed across Phetchaburi and Prachuap Khiri Khan in the first half of 2026.
New condominium sales in Phetchaburi fell 81.9%, leaving 889 unsold units. The monthly absorption rate, which measures how quickly available properties sell, stood at 0.4%. REIC estimated that clearing this stock would take 232 months. The estimate reflects the current sales pace.
In Prachuap Khiri Khan, excluding villas, total supply fell 12.9% to 2,439 units. The number of condominiums offered for sale declined 45.59%, contributing to the overall reduction.
New sales fell 33.26%, while unsold supply dropped 8.7% to 2,116 units. The average monthly absorption rate was 2.2%, with houses at 1% and condominiums at 3.9%. Remaining housing stock was projected to take an average of 66 months to sell.
In Phetchaburi, total supply rose 4.5% to 2,371 units following the addition of 246 homes in developments around Cha-am. Overall new housing sales fell 45.6%.
Unsold supply increased 10.8% to 2,235 units. REIC estimated that clearing this stock would take 98 months overall, with houses requiring 71 months, or nearly six years.
Despite the slowdown, REIC director Mana Nimitwanich said transport improvements could support future growth in the Cha-am and Hua Hin markets.
He cited the trial opening of the M82 motorway between Bang Khun Thian, Ekkachai and Ban Phaeo, alongside the southern double-track railway linking Nakhon Pathom, Hua Hin and Chumphon. He said these links would ease congestion on Rama II Road and shorten journeys to coastal destinations.
Mana said the area remained attractive to Thai and foreign retirees seeking second homes and to long-stay residents. Slower project launches and efforts to sell existing stock could help reduce excess supply ahead of a recovery in demand, he said.
Main image: AI-generated for illustration purposes only.