Thailand: Monitoring for signs of a real estate bubble - OBG

Thailand: Monitoring for signs of a real estate bubble

For some months, concerns have been voiced about the possible emergence of a bubble in the Thai housing market. To help prevent this from occurring, both the central bank and commercial lenders are taking a more cautious stance towards property lending, having learned the lessons of the 1997 Asian financial crisis.
The real estate market, particularly in Bangkok and the nearby region, has been attracting investment from both foreigners and a growing number of upwardly mobile Thais. Investors from regional centres such as Singapore and Hong Kong are being drawn to Bangkok ... Read more.

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