By Andrew Batt:
The Governor of the Bank of Thailand (BoT) has said Thailand’s property boom is on a par with neighbouring countries, and this is organisation will continue to monitor the market closely.
Governor Prasarn Trairatvorakul, speaking earlier this week, said Thailand’s property and real estate sectors are currently not too aggressive, but that properties located in the vicinity of the planned high-speed rail natwork networks could become expensive as investors attempt to raise their profit margins. He cited properties in the province of Khon Kaen as one example.
He also mentioned the Monetary Policy Committee’s concern about a possibility of an economic bubble in the future, saying the issue had prompted the committee to maintain its interest rate policy at 2.75 percent.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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