Property News · October 6, 2020

Coronavirus pandemic hits Thailand residential property market already ailing from slow economic growth, protests and high prices


The Thailand residential property sector, a market favoured by Chinese and Hong Kong buyers, faces a further slowdown because of the coronavirus pandemic, after a slow start to 2020.The sector had already been on a downward trend since the end of last year because of slow economic growth, high household debt and unrealistic pricing, especially in downtown areas, Aliwassa Pathnadabutr, the managing director of CBRE Thailand, said. “Even before the Covid-19 pandemic, developers were launching…

Source : South China Morning Post
Read more…Coronavirus pandemic hits Thailand residential property market already ailing from slow economic growth, protests and high prices

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