Despite fears that a looming real estate bubble could drive up property prices, there is currently no sign of such problems in the condominium market, according to professional services firm Jones Lang LaSalle.
The specialist property consultancy said it was reasonable that the Bank of Thailand recently asked commercial banks to be more cautious about mortgage lending, particularly to borrowers suspected of buying houses or condominiums for speculative purposes.
A Thai worker on a condominium construction site in Bangkok on August 26, 2012. (AFP Photo )
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