Property developer confidence takes a dive in second quarter 2019
A measurement of real estate developer confidence for the Q2 2019 (April to June) has dropped to 42.2 points from 50.4 points for Q1 2019 (January to March).
Thai PBS reports that the second quarter confidence index has fallen below the 50 point median index, reflecting developers’ declining confidence in the economic situation and investment in Thailand. Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.
The substantial drop in the confidence index is believed to stem largely from a decline in the confidence index of listed real estate companies, from 52.2 points in the first quarter to 41.9 in the second quarter, against a 50.0 point median level.
The confidence index of non-listed real estate companies also fell to 42.7 points in the second quarter from 47.7 points in the first quarter.
The expectation index of real estate situation in the next six months registered at 58.0 points for the second quarter this year compared to 58.4 points for the first quarter. This shows that the developers are optimistic that the economic situation will pick up after the formation of the new government.
The expectation index of non-listed companies was registered at 53.1 points for the second quarter, compared to 56.1 points for the first quarter, reflecting that the real estate developers are optimistic that real estate situation in the next six months will improve.
Some more property and real estate date from CEIC Data HERE.
Original Source HERE.
