Major developers Sena and Supalai are delaying new launches and focusing on selling completed inventory, because middle-income buyers in Greater Bangkok still struggle to get mortgages and household debt is high. Brokers and private equity investors are buying discounted assets. For a Thai SME, expect slower demand for property-linked services, construction and fit-out work, and tighter cash from developer clients. Businesses that sell to developers or buyers should watch payment terms, and those with cash may find discounted commercial or residential assets.