http://www.ddproperty.com/en/property-news/2012/8/1564/bangkok-prime-prices-up-but-still-low-globally

Prime residential property prices in Bangkok and Phuket grew in 2011 according to the latest Wealth Report, published yesterday by Knight Frank and CitiBank. Bangkok is ranked a lowly 51st place globally in terms of price per sqm - alongside Western Algarve and Miami. The report it worth a read for anyone interested in global property and property elsewhere in Southeast Asia.

If I am Warren Buffett, I will be questioning the significance of a property consultant who provides information on only price action, ie direction of prices, and the existing stock, supply in the pipeline and demand trends.

No information is given on value action, ie. direction of rental yields, the existing stock, supply in the pipeline and demand trends for rental space.

A prudent investor will only buy when prices are still cheap because present value is higher than asking prices, and value is on a rising trend.

A failed investor is one who bought at a price higher than the value of the asset and the value is in a falling trend.

A speculator is one who will buy no matter how expensive the prices are, in the hope a greater fool will buy it from him at an even higher price. No significance is given to the value of the asset.