ADB: No sign of property bubble
- Published: 9 Apr 2013 at 13.58
- Online news:
There is no sign of a bubble in Thailand’s property sector, Luxmon Attapich, senior economist at the Asian Development Bank’s Bangkok office, said on Tuesday.
Mrs Luxmon said the price index of residential units was not too high and that recent gains of the Stock Exchange of Thailand (SET) main index had seen the market return to normalcy.
Therefore, persistent foreign direct investment inflow would not cause an economic bubble, she added.
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