According to the Real Estate Information Research and Valuation Centre, unsold homes and new housing completions as of mid-year totalled about 98,748 unit Thailand Business News
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Big supply of unsold units to hit condo market in Bangkok
On the demand side, the importance of external demand can be fully appreciated by recognizing that the bulk of inventories in Thailand are primarily inputs and finished goods for the export-oriented manufacturing. In the fourth quarter of 2009, for example, net exports and the change in inventories contributed 44 percent of the quarterly growth.
All in all, a more favorable external environment should help boost real GDP growth to 6.2 percent in 2010. After this year, slower growth in developed countries, emerging capacity constraints as capacity idled during the crisis is quickly put to use, and the weight of the ongoing political turmoil on new investment, should likely keep growth below Thailand’s historical average of 5.1 percent. On the whole, Thailand’s fiscal and financial picture remains solid
The relative strength and power of sovereign wealth funds is massively increasing, and the money has to go somewhere.
In part, this may reflect the greater volatility in earnings in smaller companies.
