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Byline: The Nation.
The other day, representatives of the Thai Real Estate Association, the Business Housing Association and the Thai Condominium Association held talks with Krirk Vanichkul of the Bank of Thailand over how to curb the speculation in the real-estate market. Developers and the authorities have been quick to assert that there are not yet signs of a real-estate bubble in Thailand.
They might be more inclined to pre-empt the bubble before the problem arises. Beginning January 2011, tougher requirements will be imposed on the banks so that they set aside higher reserves when they lend out money to home-buyers.
The overall situation reflects …