As global economy heading south, analysts predict tt Thailand's luxury condo prices would fall by 10 - 20% in 1H09, despite being relatively cheap (abt 100k - 150k baht psm = S$4,3k - 6.5k psm) than S'pore/HK.
The luxury condo mkt deps on overseas investors as local Thai buyers prefer luxury detached hse to condo. Thai law forbids foreigners from buying land, but allows them to own up to 49% of the saleable space in a condo.
* AsiaOne-ThaiPty *
Thursday, December 11, 2008
Prices of Thailand Luxury Condo to Slide
Labels:
Residential,
Thailand
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