BoT watch on housing bubble
- Published: 5 Oct 2012 at 16.42
- Online news:
The Bank of Thailand is keeping a close watch for any indication of a pending collapse in the housing bubble after prices of housing estate units recently sharply increased, Mathee Supapong, a senior director at BoT, said on Friday.
Housing loans provided by financial institutions were also substantially up and this was a case to concern, said Mr Mathee.
It is usual for the central bank to step in to oversee any unusual rises, he added.
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