So many unsold units in long since completed projects. They will never tell the true story. The developers keep "refinancing" and "re-structuring" but there is only so far they can keep delaying the inevitable. Once one developer collapses, others will face increased scrutiny with more sure to fail. Simply an extreme oversupply in the market (Bangkok at least). Even relaxed loans will not help, prices are too high for the local, already debt ridden market and overseas (cash) buyers are dwindling. Constant uncertainty over visas, with changes planned but not detailed, doesn't inspire confidence.
