Top Listed Property Firms Thriving
Despite a flat property market in Phuket the largely domestic driven Bangkok real estate sector is seeing significant gains in Q3 which signals an upturn for the industry. Five SET (Stock Exchange of Thailand) groups accounting for 68% of all sales according to Asia Plus Securities research.
Revenue was driven by presales with the 5 companies leading the pack being Land and Houses, Sansiri, Quality Houses, Preuska and Asian Property Development. Condominiums, townhouses and single homes remain the hottest segments. Much of the buying is being spurred in anticipation tax breaks, which are set to end in December and are creating a call to action for purchasers.