Major Thai real estate developer Sansiri reports H1 2026 challenges with total sector revenue at 65.8bn baht (+2.5%) and net profit down 3.2%. Market structure is shifting: second-hand homes now comprise two-thirds of sales as buyers seek affordability. Supply-demand is approaching equilibrium after oversupply. Second-half outlook remains challenging for SMEs, but condos in good locations and 10-million-baht standalone homes continue performing well, supported by government credit incentives and transfer tax relief.