Proudputh Liptapanlop
Ms. Proudputh Liptapanlop, Director of Proud Real Estate Plc, emphasized the significant impact of demographic shifts on the real estate sector. Thailand is experiencing slow population growth and a rising proportion of elderly citizens, with the over-60 population doubling from 10% in 2005 to 20% in 2023. According to the UN World Population report, Thailand is currently classified as an aged society and is projected to become a “super-aged society” by 2029, with 20% of the population over 65. These demographic changes, coupled with economic challenges such as the ‘middle-income trap,’ have weakened the purchasing power of key market segments like millennials and Gen Z. As a result, the property development sector faces new challenges in adapting to these evolving market conditions.
Despite these hurdles, the real estate sector remains a crucial driver of the Thai economy, contributing approximately 10% to the GDP. Ms. Proudputh remains optimistic, seeing these challenges as opportunities to innovate and adapt. She envisions these megatrends as turning points that could lead to a revitalized market, positioning the sector for a rebound that leverages crises into transformative prospects.
Multigenerational Living
Proud Real Estate has identified a significant shift in home-buying dynamics, with multigenerational households emerging as a key trend. This new pattern sees family members across generations acting as co-decision makers in property purchases, with older generations maintaining substantial purchasing influence. According to UNFPA data, 34% of Thai households are currently multigenerational, a figure expected to increase in tandem with the growing elderly population. This trend aligns with broader Asian patterns, where 43% of households feature intergenerational living arrangements. The influence of close family ties extends beyond housing decisions, impacting choices in travel and leisure activities as well, a phenomenon corroborated by Booking.com’s market insights. This shift towards multigenerational living is reshaping the real estate landscape, prompting developers to reconsider traditional housing models and adapt to evolving family structures.
“Multigenerational living is on the rise in upscale segment,” she reveals.
To seize a new growth opportunity, the flexibility principle is put at the heart of home design that allows for functional expansion in the future to meet the needs of family members across generations. It starts with a basic layout and construction that fully support every stage of human life cycle.
Under one roof, demands vary. Gen Xers will need a home remodeling to enhance mobility with fewer obstruction and wider doorways when they experience physical health challenges. When it comes to location, millennials and Gen Zers prioritize proximity to work as they are career oriented. While Gen Alpha concerns the neighborhood safety where a high-quality school is situated.
Although the outlook for housing demand is sluggish, land prices especially in central business district (CBD) of Bangkok will keep skyrocketing. With such price determination, international demands will play a major role in supporting the real estate market in the medium term.
Thanks to the influx of international demands seen in Bangkok and Phuket, the use of property and length of stay has been shifted from a primary residence for full-time occupants to a secondary occupancy for semi-vacationing. As a result, mixed-use development will continue to dominate Thailand’s real estate development, offering products and services that meet the needs of all customer groups beyond residential purposes. Branded residence is leading the way along with retail and office spaces like urban and market developments in Dubai.
Synergizing Hospitality Legacy into Real Estate
Proud Real Estate has redefined luxury living with its latest projects, VEHHA Hua Hin and ROMM Convent, by synergizing hospitality elements into residential offerings, based on the findings on the 3 latest trends.
Hashtag: #Proudrealestate #Condominium #Bangkok #Sathon #Silom #HuaHin #CondoHighRise #Condosathon #CondoHuaHin #Thailand #PropertyInvestment #Propertyinthailand
https://www.proudrealestate.co.th/en/
https://www.facebook.com/@proudrealestateplc
https://www.instagram.com/proud_realestate
The issuer is solely responsible for the content of this announcement.
About Proud Real Estate Plc
Founded in 2019, Proud Real Estate Plc is a visionary property development arm of the esteemed Proud Group in Thailand. With a heritage spanning over six decades in construction, hospitality, and retail, the company leverages deep industry expertise from iconic ventures such as The InterContinental Hua Hin Resort, BluPort Hua Hin Resort Mall, and Vana Nava Water Park. Proud Real Estate is dedicated to revolutionizing the real estate landscape by melding luxurious hospitality with residential living, encapsulated in its ethos of ‘More Than Just Living’.
Proud Real Estate’s pioneering approach is showcased in its flagship project, the InterContinental Residences Hua Hin, launched in 2019. This development epitomizes the company’s commitment to offering residences that provide not just homes, but lifestyles enriched with hotel-like services and a sense of asset ownership. Building on this success, subsequent projects like VEHHA Hua Hin and ROMM Convent in Bangkok continue to push boundaries, offering residents unparalleled wellness facilities, stylish designs, and sustainable living options that respect local culture and the environment.
As Proud Real Estate propels forward, it remains focused on crafting bespoke living spaces that cater to the discerning tastes of modern homeowners and investors. Each project is a testament to the company’s dedication to quality, innovation, and creating living environments that offer more than just a place to live—they offer a way to truly live well.
For more on Proud Real Estate Plc’s redefined ‘living’ unique portfolio of projects, visit
