Bangkok Property Market Is Turning Good Now?

[qbkh]

Some owners/sellers increase their selling price recently. Is Bangkok property market turning good now?

[xbusman]

That means the market is worsening. The worse it gets, the higher the prices will go. I have to admit I dont get it either.

Eventually the banks will put them into NPLs and decades will go by with the "owners" who only put in 10% deposit continue to flog the empty properties at ever higher prices. Everyone will feel immensely rich with those prices, the banks, the owners, the developers, but nary a payment will be made.

[trogers]

Where did you get the info that prices are rising?

I just saw 2 condo units last week in the same development. Prices last quarter of 2009 at 2.45m fell to to 2.3m.

[Scott123]

.....

.....Prices last quarter of 2009 at 2.45m fell to to 2.3m.

Did you mean 2008?

[trogers]

.....

.....Prices last quarter of 2009 at 2.45m fell to to 2.3m.

Did you mean 2008?

Yup! Haven't completely awaken in that last post...