Rise in land prices, not speculation, is afoot
- Published: 17 Jan 2017 at 08:13 9,722 viewed6 comments
- NEWSPAPER SECTION: Business | WRITER: Kanana Katharangsiporn
A saleswoman provides details of a condominium project to potential customers. Experts believe a bubble in the property sector is unlikely. PATTARACHAI PREECHAPANICH
Thailand’s property market is far from being a bubble, although prices, particularly for the condominium segment, have risen significantly in the last few years, say multiple experts.
Surachet Kongcheep, associate director of the research department at property consultant Colliers International Thailand, said prices of residential units in Bangkok have yet to exceed homebuyers’ ability to pay, as there is plenty of available supply in the market. Continue reading Experts downplay talk of a property bubble