Thai real estate prices will not tumble as they did in the post-1997 economic crisis period as there will be no forced sales, says Suphin Mechuchep, managing director of property consultant Jones Lang LaSalle (Thailand). Continue reading
Thailand’s Real Estate Investment Centre (REIC) has released a report advising developers to downsize residential projects in anticipation of a drop in demand in 2009. REIC director-general Samma Kitsin expects Thailand’s property market will soon start to feel the effects of the widening financial turmoil and slowing global economy. According…Continue reading