"The Thai property market slowed sharply in the second quarter, with new land registrations down more than 50% from the same period last year, said the latest data from the Bank of Thailand.
New housing starts and property transactions also slowed due to weak consumer confidence and uncertainties over mass-transit expansion plans. New property registrations in Greater Bangkok fell 30.9% year-on-year in May, with single-home registrations off 19.7% and condos and apartments down 52.2%.
New land development applications dropped 54.2% in the second quarter as developers awaited clearer signals on transit extensions.
Prices also fell slightly, with detached homes down 3.5% from the year before and townhouses down 0.7%. Land prices, however, rose slightly by 2.7%, lifting the overall price index 0.2%."
http://www.bangkokpost.com/topstories/tops...s.php?id=120849
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Thai property market falls
Started by Sexpat, Aug 14 2007 05:11 PM
1 reply to this topic
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Posted 16 August 2007 - 11:32 AM
Are those numbers relating only to Bangkok or the country as a whole ?
I was amazed during my recent stay in Pattaya to see that the building boom there seems as wild as ever.
I was amazed during my recent stay in Pattaya to see that the building boom there seems as wild as ever.
