Sales Could Dip 10 Per Cent

[bingobongo]

oh the humanity!!!

maybe if they promise rainbows and stunning views of the soldiers in the streets and mechanized parades, that would help? so the property becomes a capital trap.........

oh it may help with the denial but not the reality

i cant wait to see how the real estate monkeys spin this one.....spin monkeys, spin

OUTLOOK FOR THE YEAR

Sales could dip 10 per cent

http://www.nationmultimedia.com/2009/04/20/business/business_30100784.php

Edited April 19, 2009 by bingobongo

[DonTron]

You sound like you got a lot of knowledge of the market Bingobongo - how many investments do you own in Pattaya?

[Boater]

with regards to the article, i would have thought the 1.5 million THB market would be the strongest?

well lets wait for CBRE

[trogers]

oh the humanity!!!

maybe if they promise rainbows and stunning views of the soldiers in the streets and mechanized parades, that would help? so the property becomes a capital trap.........

oh it may help with the denial but not the reality

i cant wait to see how the real estate monkeys spin this one.....spin monkeys, spin

OUTLOOK FOR THE YEAR

Sales could dip 10 per cent

http://www.nationmultimedia.com/2009/04/20/business/business_30100784.php

Such general reports and comments from the property professionals serve no useful ends. Be more specific. Separate projects that are just selling brochures from those that have been physically transferred.

I know for a fact some developments are facing over 40% default in their transfers of completed units (people who made or traded booking papers could not complete the transfers). So sales fell by more than 10% means what? Booking or transfers?

Edited April 20, 2009 by trogers

[thaiwanderer]

the spin will be 'there are bargains to be had so get shopping now before prices go up'

the 3% predicted drop in GDP was massively wrong even before the recent BK street parties - that merely serves as an excuse for government to revise and point the finger (new prediction of 'more than 6%' is right in that it will be more)