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Thailand Property – Housing developers’ sentiment up slightly in Q4

By on Jan 22, 2015 in Property News, Residential

THE HOUSING Developers’ Sentiment Index in the final quarter of 2014 recorded 55.4 points, up from 54.5 points in the third quarter, thanks to a recovery in the demand for residential purchases, according to a survey by the Real Estate Information Centre (REIC) of Government Housing Bank.

The survey covered 166 property firms, 30 of which are listed on the Stock Exchange of Thailand. Scores above 50 indicate positive sentiment. The improvement in the sentiment index means property firms have confidence that the market will do better in the first half of 2015 than a year earlier, REIC director-general Samma Kitsin said.

In the second half of 2014, home prices in Greater Bangkok went up by 3-5 per cent compared with the same period of 2013. Condominium prices jumped 5.2 per cent in the period, the REIC found.

Condos in the central business districts such as Huai Khwang, Phya Thai, Ratchathewi, Pathum Wan, Sathorn, Bang Rak, Watthana, KlongToei, Phra Khanong and Bang Sue recorded the biggest price increases.

Meanwhile, prices of detached houses increased by 3.1 per cent year on year in the second half, and townhouses cost 3.7 per cent more.

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