Apisit Soonthronchukiat, chief executive officer of Origin Condominium, said at a press conference on Thursday that the company had seen 10-15% annual growth over the last five years since launching its first pet-friendly condominium units in 2019.
He pointed out that the growth was in line with the pet industry trends.
According to a recent study by the College of Management at Mahidol University, an increasing number of Thai people are opting to become “pet parents” rather than having their own children.
This means Thais were willing to spend time and money on household animals, providing a bright spot for pet-related businesses such as pet-friendly condominiums.
Meanwhile, according to data from the Commerce Ministry’s Department of Business Development, the Thai pet market could grow at an annual rate of 8.4%, reaching 66.7 billion baht in 2026.
