The requested news item does not exist. Please return to News
As concerns of real estate bubbles escalate, the Bank of Thailand recently asked commercial banks in Thailand to become more cautious about mortgage lending, particularly to borrowers who are suspected of buying houses or condominiums for speculative purposes. While the BOT’s position is reasonable as easy lending can inflate real estate bubbles, cooling measures are not needed at this stage, according to Jones Lang LaSalle, a professional services firm specializing in real estate.
“As the Thai stock market has heated up and the baht continues to strengthen, some economists in both the public and private sectors have voiced their concerns over possible bubbles in Thailand’s real estate markets. This concern is probably based on an assumption that many people who have made profits from the stock market may invest in the housing or condominium market. However, there haven’t been any clear signs of a bubble in Bangkok’s condominium market to-date,” said Mrs. Suphin Mechuchep, Managing Director of Jones Lang LaSalle.
02 624 6540