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MarketView Thailand Investment Q1 2011

By on Jun 14, 2011 in Research

There was still demand for development sties but condominium developers were possibly becoming more cautious because the market slowdown in Q1 2011.

Although the Bank of Thailand increased the policy interest rate by 25 bps twice this quarter to 2.50% per annum, yields for property investments did not change significantly and money is still being driven into the property market due to lower yields on other fixed income investments.

1-year fixed bank deposit rates at the top five commercial banks increased slightly to 1.85%-2.00% and the yields from 1-year government bonds rose to 2.5%-2.8%. Local investors sought income-producing properties with more appealing yields compared to bonds and bank deposits. When incomeproducing properties have come onto the market, there have generally been multiple bidders, demonstrating the continued level of demand for this type of property.

This is an extract from Thailand Investment MarketView Q1 2011, click to download the full report.

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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