Quarterly Highlights

•   There was more consolidation with larger property developers taking over smaller competitors.

•   The Bank of Thailand (BOT) proposed tighter mortgage lending measures to restrict speculators and investors in the property market.

•   Weaker domestic residential demand is driving some developers to greater reliance on condominium sales to foreigners, particularly Chinese buyers.

•   The number of joint ventures between Thai and mainly Japanese companies has continued to grow.

•   The BOT has maintained the policy rate at 1.50% in Q3 2018 – this rate has been unchanged for over three years since April 2015.