Sansiri's strategy head says H1 2026 transfers held steady by unit count but fell sharply in value, and resale homes now make up two-thirds of transfers. Top-5 developers' H1 net profit fell 3.2% to 7,890 million baht. Energy costs are the main drag on margins; government transfer-fee cuts and low-rate loans are support. Homes near jobs and schools and landed houses around 10 million baht are still selling best. Small and mid-sized builders face the toughest conditions. For a supplier or contractor, expect slower spending and favour clients with solid finances.