Focus is resale homes and refinance
CIMB Thai Bank (CIMBT) expects Thailand's mortgage market to remain sluggish through the end of 2027, weighed down by slower economic growth and persistently high household debt.The bank forecasts new residential sales nationwide will continue to decline in both 2026 and 2027, following a 5.1% contraction to around 300,000 units in 2025, according to Tanawan Chiaranant, head of consumer lending products at CIMBT.
However, she noted the second-hand housing market and mortgage refinancing continue to show positive momentum. Last year, the number of second-hand homes listed for sale surged by 60%, while ownership transfers rose by 14%.
Given this trend, Ms Tanawan said the bank will continue to focus on second-hand homes, home-for-cash loans and mortgage refinancing, rather than new home loans.
A risk-based pricing strategy remains a key tool in enhancing the bank's mortgage offerings this year. CIMBT offers a special mortgage refinancing rate of 1.44% for the first year, she said.
