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Thai Bank Sees 'No Bubble Yet' in Asset Price Levels.
Byline: Kanana Katharangsiporn
Feb. 6--The Bank of Thailand sees no signs of an asset price bubble in the property market this year, but says the industry needs to exercise caution and be prepared to adjust if overheating occurs.
Both developers and buyers should be careful in borrowing from commercial banks, as the lesson learned in the past was that credit growth by 20 percent could cause a real estate crash, said Atchana Waiquamdee, director of the central bank's Economic Research Department.
She said the 1997 crisis was caused by business expansion based on inadequate supporting information as commercial banks granted credit using assets as ...
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Source: HighBeam Research, Thai Bank Sees 'No Bubble Yet' in Asset Price Levels.