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Property Developers Anxious About 2019 Outlook

By on Jan 30, 2019 in Residential

Property developers should be more cautious about financial liquidity and new supply launched because residential presales and transfers are unlikely to be as robust as previously expected this year.

Atip Bijanonda, president of the Housing Business Association, was quoted as saying that if the global economy does not improve, there will be an adverse impact on the Thai economy. US policies will slow investment in China, which will affect supplier countries like Thailand.

“Consequences of the US-China trade war may cause some layoffs and slow new investment,” Mr. Atip said. “If the global economy affects the Thai economy, purchasing power will diminish”

As the property sector usually relies on infrastructure projects, it will depend on whether the next government will continue key policies on megaprojects like the Eastern Economic Corridor (EEC), double-track railway lines, the high-speed rail to link major three airports and the mew mass transit line in Bangkok.

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Source: Bangkok Post – 30 January 2019

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