Reic Warns Of Slowdown

[bingobongo]

is this really a surprise?

good luck bagholders.......your going to need it

REIC warns of slowdown

Thailand´s Real Estate Investment Centre (REIC) has released a report advising developers to downsize residential projects in anticipation of a drop in demand in 2009.

http://www.property-report.com/aprarchives...amp;date=051008

[bingobongo]

credit tightening and housing supply growing................pure genius i tell you

Financing mortgages now restricted as liquidity drops

"Banks now have to recheck cusฌtomer credit history with the Credit Bureau and also evaluate whether the applicant has the ability to pay back before approving the loan. As a result, we reject up to 40 per cent of new appliฌcations for mortgages," he said.

In the past two or three years ago, banks rejected between 20 per cent and 30 per cent of applications.

http://www.nationmultimedia.com/2008/10/07...ss_30085240.php

[bkkjames]

Just wondering? Did you rate this thread 3 stars by yourself?

[bingobongo]

LOS, what a magical place...........

inflation raging - check

consumer confidence skidding - check

riots/tear gas/ bomb in the streets - check

interest rate policy remains steady - check

SET lowest in 5 years - check

where are the unicorns and rainbows?

i only have 2 comments:

1) condos in LOS are like bargirls, they age quickly and lack substance

2) LOS is trurning into a clogged toilet, last farang out, please flush

Thailand May Keep Rate at 16-Month High Amid Political Turmoil

http://www.bloomberg.com/apps/news?pid=206...&refer=home

[ray08]

LOS, what a magical place...........

inflation raging - check

consumer confidence skidding - check

riots/tear gas/ bomb in the streets - check

interest rate policy remains steady - check

SET lowest in 5 years - check

I have to say ,if you add a completly unstable government to your checklist ,without getting involved with things like 2 tier pricing and foreign quota,s one thing that is a fact is that these people paying thb 150 K to Thb 200 k per square meter ( if they are selling ) must be real brave or real stupid investors

If you look at the Sydney market , and Australia with its very transparent market ,a words thai media use but really have no idea what it means , the prices equate to about between Aud $ 6500 to $8500 per metre ,and i can tell you in Sydney that is prime real estate ,with a stable democratic government ,banks ranked N0: 4 in the world ,

Why would you pay Sydney top end prices for A condo in Bangkok ?with all the problems going on in thailand , and thats without talking about the world credit crisis where who knows the real truth about the Thai exposure.

1st world prices in a 3rd world market ,not a good idea

[steveromagnino]

Why would you pay Sydney top end prices for A condo in Bangkok ?with all the problems going on in thailand , and thats without talking about the world credit crisis where who knows the real truth about the Thai exposure.

1st world prices in a 3rd world market ,not a good idea

my family have money in Australia, and we are staring a 200k currency loss in the face over the last month.

Frigging Australia, dump of a place And their beer sucks too.

[Gravelrash]

LOS, what a magical place...........

inflation raging - check

consumer confidence skidding - check

riots/tear gas/ bomb in the streets - check

interest rate policy remains steady - check

SET lowest in 5 years - check

I have to say ,if you add a completly unstable government to your checklist ,without getting involved with things like 2 tier pricing and foreign quota,s one thing that is a fact is that these people paying thb 150 K to Thb 200 k per square meter ( if they are selling ) must be real brave or real stupid investors

If you look at the Sydney market , and Australia with its very transparent market ,a words thai media use but really have no idea what it means , the prices equate to about between Aud $ 6500 to $8500 per metre ,and i can tell you in Sydney that is prime real estate ,with a stable democratic government ,banks ranked N0: 4 in the world ,

Why would you pay Sydney top end prices for A condo in Bangkok ?with all the problems going on in thailand , and thats without talking about the world credit crisis where who knows the real truth about the Thai exposure.

1st world prices in a 3rd world market ,not a good idea

Very good points raised. Seems to refer to Bangkok I assume. In Chiang Mai the square meter is much cheaper at 27 - 40k, buy well and get 8% plus return with no yearly land tax. So Australia is offering better than that now is it? Things have changed.

Don't get me wrong I have several condos here and plan to invest in some Aussie real estate next year, not for the return, but because I want something at home for the kids later.

[ray08]

LOS, what a magical place...........

inflation raging - check

consumer confidence skidding - check

riots/tear gas/ bomb in the streets - check

interest rate policy remains steady - check

SET lowest in 5 years - check

I have to say ,if you add a completly unstable government to your checklist ,without getting involved with things like 2 tier pricing and foreign quota,s one thing that is a fact is that these people paying thb 150 K to Thb 200 k per square meter ( if they are selling ) must be real brave or real stupid investors

If you look at the Sydney market , and Australia with its very transparent market ,a words thai media use but really have no idea what it means , the prices equate to about between Aud $ 6500 to $8500 per metre ,and i can tell you in Sydney that is prime real estate ,with a stable democratic government ,banks ranked N0: 4 in the world ,

Why would you pay Sydney top end prices for A condo in Bangkok ?with all the problems going on in thailand , and thats without talking about the world credit crisis where who knows the real truth about the Thai exposure.

1st world prices in a 3rd world market ,not a good idea

Very good points raised. Seems to refer to Bangkok I assume. In Chiang Mai the square meter is much cheaper at 27 - 40k, buy well and get 8% plus return with no yearly land tax. So Australia is offering better than that now is it? Things have changed.

Don't get me wrong I have several condos here and plan to invest in some Aussie real estate next year, not for the return, but because I want something at home for the kids later.

Correct talking about Bangkok market , in Australian residential you should be getting anywhere from 4-6% return maybe a bit more for a bedsitter ,My main point is that as a country , in terms of political stability and standard of living the prices just don,t stack up compared to Sydney , for the return 8% is good ,but the real investment value is in the real capital growth of a property, as opposed to some Thai Investor putting up prices becuase he thinks that what he wants