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Thai March Land Sales Worth 47 Billion Baht, Up 69.3 Percent Year-on-Year.

Bangkok Post (Bangkok, Thailand)

| June 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jun. 3--The property sector has rebounded faster than expected, with all indicators showing a substantial rise in supply in March, according to the Bank of Thailand.

Activity in the property sector slowed in the first quarter, following the expiration of tax incentives at the end of 2003.

But land transactions in March totalled 47 billion baht, up 69.3 percent from the year before, compared with an overall 45.7 percent rise year-on-year for the first quarter.

Permitted areas for land construction rose 40.4 percent in March or 1.8 million square metres, against a 40.1 percent increase or 4.84 million sq m for the first quarter. New house ...

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Source: HighBeam Research, Thai March Land Sales Worth 47 Billion Baht, Up 69.3 Percent...

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