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Oversupply fears set to slow the Bangkok property market

Posted on 02 December 2010

From Property-report.com: Oversupply fears will slow the Thai property market for a couple of months before positive sentiment will resume next year, according to local developers.
Mayta Chanchamcharat, director and chief business officer of Pruksa Real Estate said concerns about a possible property bubble in Bangkok and the Bank of Thailand’s announcement capping condominium mortgages at 90 per cent of value from January 1 have quietened the market due to a retreat of speculators and investors……………………………………….Full Article: Source


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