REIC and GHB say H1 2026 Bangkok-area transfers rose 20.8% in units, but the rise was driven by a rush before the transfer-fee cut ended 30 June 2026, and the cut was reportedly extended to 30 June 2027. Units above 7.5m baht fell 12.1%, a sign of softer upper-end demand. New project launches fell 20.9% and land-subdivision permits fell 50.7%, as developers clear stock, face tighter bank lending and higher construction costs. For suppliers and contractors, expect slower new-project orders and more price competition; for businesses selling to the mid-to-low price segment, demand is still growing.