What’s new at the boiler room ? Some tasty stuff.
The Thai government’s economic stimulus package is expected to help boost property trading activities in the second half of this year, according to a leading real estate services agency.
Supin Meechucheap, president of Jones Lang LaSalle (Thailand) Co, said that although the government issued varied policies to stimulate the economy in the first quarter of this year, key external factors including surging oil prices and concerns over the global economic slowdown had undermined Thai economic growth.
It resulted in an unfavourable climate in property trading activities with the demand for housing and commercial building units growing at a slower pace since consumers’ purchasing power had declined.
Simultaneously, potential homebuyers are now being more careful in committing themselves to debt obligations from housing purchases and investors are more selective in investment.
In addition, rising oil prices had pushed up construction costs, which directly impacted the housing market.
However, she projected the state economic stimulus package would produce a fruitful result in the second half of this year. (TNA)
You got the picture ? I translate for you.
The market was supposed to boost during the first quarter, thanks to the marvelous “stimulus package” of our amazing government. Unfortunatly, things do happen. Yes. Too bad. Although, nothing to worry about (oil, inflation, global economic downturn, USD crisis, really small fry).
Therefore… we need to wait… Again…. until the second half of the year. But you’ll see : it’s going to rock ! We promise !
One advice to Jones Lang LaSalle : have some rest guys… You’re going to need it badly by the end of the year.