Bangkok Residential MarketView Q3 2018
06 Dec 2018
Tighter Mortgage Lending Increases Reliance on Foreign Sales
Developers have increased launches of condominiums; many of which have been funded by new joint ventures, primarily with Japanese partners. Sales to Thai buyers have slowed in some locations and are likely to slow further with the coming imposition of tighter mortgage lending.
Some developers are trying to find locations where there is real demand from Thai end-users and develop projects that buyers can afford. Others have increased their reliance on foreign sales where there is uncertainty as to who will be the final occupier.
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