Housing indexes reflect developers’ concerns on economy

[rooster59]

Housing indexes reflect developers’ concerns on economy

By THE NATION

 

 

In fresh data reflecting concerns about the economy, the Housing Developers Sentiment Index (HDSI) of developers in Bangkok and nearby provinces fell to 44.4 in the last quarter of 2019.

 

 

The index created by Government Housing Bank’s Real Estate Information Centre recently said that the index had dropped from 48.2 points in the previous quarter, reflecting worries of an economic slowdown and other problems inside and outside the country, such as the baht’s appreciation, the US-China trade war, or the US-Iran conflict.

 

The sentiment index of developers in the “Listed Companies” group was 44.6 points, down from 50.7 points in the previous quarter.

 

Meanwhile, the sentiment index of “Non-listed Companies” developers was 44.1 points, dropping from 44.5 and lower than the median point of 50.

 

The drop in sentiment seen in the indexes reflected the negative view of current trends of property developers.

 

In addition, the expectations index in the last quarter of 2019 also fell to 55.7 points, from 57.8 points in the third quarter.

 

However, the expectations index was higher than the median. This meant that most developers expected the government’s stimulus measures to take effect in late November to help businesses recover.

 

 

Moreover, it showed that those developers believed the economic situation would get better.

 

The expectations index of “Listed Companies” was 59.2, down from 60.7 in the third quarter. Non-listed Companies were at 50.4, dropping from 53.5 in the previous quarter.

 

Source: https://www.nationthailand.com/news/30380413

 

-- © Copyright The Nation Thailand 2020-01-12

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[natway09]

As long as this market is governed by external factors, (farangs) external monies,

greedy developers, a Government who does not know how to say (that development is not suitable) but approves just about anthing the market will remain volitile & could crash.

The amount of apartments "available"  in Chonburi & Bangkok is frightening  reading

[Number 6]

Dear Developers,

 

Due to the absolutely ridiculous pricing, the poor quality buildings and the fact that every condo turns immediately into a Chinese hotel not to mention the pollution that will NEVER go away I have stopped looking to purchase a condominium in Thailand.

 

I would also like you to be aware of the fact that despite earning money in Thailand I cannot use it to purchase a condominium. Despite my wife not having any role in earning or being married to me when I earned the money I must send in - she effectively receives half ownership.

 

Finally, I might mention I can't buy the shell but need to take all your cheap decor and furnishings. Products sold in Thailand are well overpriced, never discounted and of dubious quality, often old models. Loans are unavailable to foreigners, even married and employed here. If they were the loan would costv20-30% more in interest than US.

 

But hey, best of luck when the bank calls -

 

Number 6

 

 

Edited January 12, 2020 by Number 6

[Number 6]

DDProperty shows 165,291 condos currently for sale in Thailand.

 

That's the secondary market. Not new developments by and large.

Edited January 12, 2020 by Number 6

[Destiny1990]

Why buy if long staying Visas are made complicated !