thegreglowe.com

Thailand’s economic outlook remains decidedly bleak, but in Bangkok, some are bucking the trend
by Greg Lowe

Some Bangkok mid-range condominium projects are bucking market trends by achieving record sales amidst an increasingly negative domestic economic outlook.

Developments in prime locations have sold out in a matter of hours in some cases, as developers resort to increasingly innovative incentives to lure customers. But while buyers are increasingly Thais purchasing properties to live in, rather than making speculative investments, the rush to provide access to credit and the segment´s surge in demand could yield a disturbing rise in defaults at transfer, industry sources say. Read more…