EEC real estate (Chachoengsao, Rayong, Chonburi) is stabilizing with declining inventory (down 3.8% YoY) and improving absorption rates as industrial demand picks up. Chonburi condos show strong recovery (74.5% sales growth, 3.0% monthly absorption), particularly near industrial parks and tourist zones. However, Rayong faces structural headwinds—flat worker-driven demand, oversupply of mid-range housing (3–5M baht), and 54-month absorption timeline for remaining units pose medium-term risks. City expansion from Bangkok (especially Chachoengsao) offers modest upside. Market is shifting from investment-led to real-demand driven, constrained by household debt and tighter credit.