BANGKOK, 25 May 2011 – The Real Estate Information Centre has estimated that the housing market, especially in Bangkok and vicinities this year will not be as lively as last year but will not shrink much.
Real Estate Information Centre Executive Director Samma Kitsin admitted that there was no policy from the government to support the housing market in the first four months this year while the 0% interest rate for the first house purchase will be effective in the latter half of the year.
Mr Samma added that a number of house buyers have postponed their decision since they want to see how the new government will support the market as many political parties are campaigning several policies regarding the housing sector.
Regarding new property projects this year, the director indicated that there are several new projects expanding in suburban areas of Bangkok as city center areas are getting congested. He said a number of them are mushrooming along the sky train and underground lines.
Mr Samma then elaborated 50% of the respondents answering a recent survey of the centre believed that the housing market this year will be stable while 30% were optimistic it will improve; however, the rest think the situation will be worse.
