The property market slowed sharply in the second quarter, with new land registrations down more than 50% from the same period last year, said the latest data from the Bank of Thailand.
New housing starts and property transactions also slowed due to weak consumer confidence and uncertainties over mass-transit expansion plans. New property registrations in Greater Bangkok fell 30.9% year-on-year in May, with single-home registrations off 19.7% and condos and apartments down 52.2%.
New land development applications dropped 54.2% in the second quarter as developers awaited clearer signals on transit extensions.
Prices also fell slightly, with detached homes down 3.5% from the year before and townhouses down 0.7%. Land prices, however, rose slightly by 2.7%, lifting the overall price index 0.2%.
The number of approved projects dropped in all regions except the eastern part of the country. [via Bangkok Post]
Sierra Tangos
- Thailand's Supreme Court on Tuesday approved arrest warrants for ousted premier Thaksin Shinawatra and his wife, after they ignored a summons to appear in court to face graft charges, a judge said. The Attorney General's Office said earlier that it would s
eek their extradition from Britain once the arrest warrants were approved. [via Channel News Asia]
- Former Miss Universe Alicia Machado in Playboy - Why is she here? To remind all you numpties taking home grannies that you could be taking home girls like this or better if you just got your brains out of your undies.
- A flyer for Pattaya Trader (PT) fell out of today's Bangkok Post. The gist of the flyer was if you having trouble finding PT then you can buy it at the locations listed on the flyer for 50Baht. Are they trying to tell me something?
- Batch process images with free Faststone Photo Resizer for Windows - You can edit, correct, crop, change colour depth, apply colour effects, add text, rename and watermark your digital images in batches rather than one by one
- An elderly couple in a small town had been dating for a long time. At th
e urging of their friends they decided it was finally time to talk marriage. So they went out to dinner and had a long conversation on how their marriage might work. They discussed finances, living arrangements and so on. Finally the old gentleman decided it was time to broach the subject of their physical relationship "How do you feel about sex?" he asked. "Well" she said very carefully "I'd have to say I would like it infrequently". The old gentleman sat quietly for a moment then looked at her and asked "is that one word or two?"
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