Flood threat dampens investor confidence
- Published: 9 Oct 2012 at 00.00
- Newspaper section: Business
The threat of flooding in Greater Bangkok and upcountry took a toll on investor confidence last month, but most developers still believe market conditions will recover early next year, boosted by higher purchasing power and the growing economy.
The housing developers' sentiment index, as surveyed by the Real Estate Information Center (REIC), came in at 51.3 points in the third quarter, down from 55.8 in the second quarter and 56.2 in last year's third quarter.
Listed developers' current-situation index was 54.9 points, down from 62.8 in the second quarter, while the non-listed developers' index was 47.8, down from 48.8.
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