Kiatnakin: Provincial property market to grow 30%

REAL ESTATE

Kiatnakin: Provincial property market to grow 30%

Published: 25 Feb 2013 at 00.00
Newspaper section: Business

The provincial property market will expand by 20-30% annually over the next few years, much higher than the estimate for Greater Bangkok, says Kiatnakin Bank Plc (KK).

Piyasak Manason, the vice-president for economic and industrial research, strategy and organisation development, said the four factors driving property growth upcountry are regionalism, urbanisation, macroeconomic policy and infrastructure policy.

"Regionalism is within not only Thailand but all Asean countries," he told KK's annual seminar yesterday.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

Worzel
Post : 167
Send message

Discussion 2 : 25 Feb 2013 at 11.312
Post this to my Facebook
More people in more debt more of the time.

Debt ensures control over people.
Like dislike 0 people liked / 0 people disliked this comment
boons
Post : 661
Send message

Discussion 1 : 25 Feb 2013 at 05.021
Post this to my Facebook
Does this sound sustainable to anyone? Where are the voices of reason? Udonthani's property market grew at 50% last year??? Hello? Is anyone with an ounce of consciousness observing this? Or is everyone just getting excited about how to cash in on the bubble? This isn't just "dangerous", this is exactly and precisely how to destroy an economy. Thailand is an EXPORT economy in a world of decreasing consumer demand. As everyone knows, to create a credit bubble is always quite a stupid thing to do. To create a credit bubble at this particular moment in history however is bordering on suicidal. This ends in economic implosion.
Like dislike 2 people liked / 1 people disliked this comment

Kiatnakin: Provincial property market to grow 30% | Bangkok Post: business