Strong growth tipped for Bangkok real estate
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A brokerage company is forecasting strong growth in Thailand’s property market this year.
Asia Plus Securities says its bullish prediction is linked with the government’s new infrastructure projects which will be built during 2018.
The company says the values of off-the-plan developments in Bangkok and surrounding areas will total around Bt330 billion this year, up six per cent from Bt313bn in 2017.
This will boost the profits for listed property firms to Bt43 billion in 2018, up 10 per cent from their Bt39 bn estimated net profit last year.
