BoT: Property sector growth to continue Bangkok Post: 21 Jan 2011 The property development sector should continue to grow this year, but at a slower pace, Mathee Supapongse, senior director for the Domestic Economy Department at the Bank of Thailand, said on Friday.
Speaking at a seminar on state policy on property development this morning, Mr Mathee said the market would expand this year but will not be as active as last year.
This was because the government had not extended stimulus measures, such as the mortgage fee reduction, when their terms ended.
“There was no sign of a possible bubble in the sector as some fear, because both demand and supply of the developed properties are now nearly at the same level,†he said.Mr Mathee suggested developers be careful in making decisions to invest in large-scale developments, particularly those in areas near the electric train routes, as it could lead to a problem of over supply.
The senior director said the BoT still gives priority to keeping inflation within the set target, mainly by using interest policy. He was confident that the central bank is capable of controlling inflation.
On concerns about the strengthening baht, Mr Mathee said about 30 baht to US dollar reflects the real economic situation and that the baht was not too strong, as some people worry about.
http://www.bangkokpost.com/breakingnews/217519/bot-property-sector-to-continue-growing
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