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Today's Bkk Post Business Section

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Reading the Bangkok Post Business section today I read several stories about the Thai economy. Recently, some were saying SE Asia might not be hit too hard.

 

The condo market for mid priced condos (under 5 million baht) is down 80%. The high end market (6 - 10 million baht) has completely drawn to a halt, with many investors pulling out in fear new projects will not be completed.

 

Cargo is down 50%

 

Thai air's flights are doing better than expected.

 

Unemployment is up considerably. Rice prices way down hurting farmers (80% ?? of Thais)

 

I can't imagine what it would be like if they were hit hard!!

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Guest Astrrro
The condo market for mid priced condos (under 5 million baht) is down 80%. The high end market (6 - 10 million baht) has completely drawn to a halt, with many investors pulling out in fear new projects will not be completed.

 

Sales are down 80% or are prices down 80%? I can't believe that a 2 million baht condo is now selling for 400K.

 

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Sales are down 80% or are prices down 80%? I can't believe that a 2 million baht condo is now selling for 400K.

That would be a nice dream, wouldn't it? If that was the case, then people would be snatching them up.

 

Unfortunately when the article says, "The condo market for mid priced condos (under 5 million baht) is down 80%," that means sales are down, not prices.

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Guest shebavon
The condo market for mid priced condos (under 5 million baht) is down 80%. The high end market (6 - 10 million baht) has completely drawn to a halt, with many investors pulling out in fear new projects will not be completed.

 

Cargo is down 50%

 

Thai air's flights are doing better than expected.

 

Unemployment is up considerably. Rice prices way down hurting farmers (80% ?? of Thais)

 

I can't imagine what it would be like if they were hit hard!!

 

 

Relax, the sky is not falling.

 

An article in the most recent Pattaya Times shows tourists down 60%, with Russian tourism down 80%.

 

This too shall pass. Perhaps rather quickly if Abhisit is allowed to actually govern instead of dealing with bullcrap.

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Guest buckeroo2
Reading the Bangkok Post Business section today I read several stories about the Thai economy. Recently, some were saying SE Asia might not be hit too hard.

 

The condo market for mid priced condos (under 5 million baht) is down 80%. The high end market (6 - 10 million baht) has completely drawn to a halt, with many investors pulling out in fear new projects will not be completed.

So is there such a thing as lower end of the condo market? If "under 5 million baht" is the mid priced condo range does that mean an "under 1 million baht" condo is also classified as a mid range condo? -

not that I imagine there are many of those available, I just wondered at what price does a mid-range condo classification start?

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