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No risk of real-estate market bubble in sight, says Bank of Thailand.
Byline: Parista Yuthamanop
Nov. 1--Continued growth in the property sector has not led to dangers of a new economic bubble, as price gains remain relatively modest, according to the Bank of Thailand.
The price index for detached homes in the third quarter rose by 5.5 percent from the same period last year, due primarily to rising construction material costs, the central bank said in a recent report.
Price increases had been constrained by heavy competition in the market, particularly in areas located near major mass transit routes and new roads. A slowdown in purchasing decisions by buyers has also helped hold back prices.
New housing ...
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