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Bangkok Post
Bangkok Post
Business

Developer index further decreases

REIC Vichai Viratkapan

Housing developer confidence continued to drop in the first quarter of 2023 after two recent interest rate hikes, according to the Real Estate Information Center (REIC).

Vichai Viratkapan, the centre's acting director-general, said the current situation index of housing developers saw a significant decline in the first quarter this year, declining to 46.7 from 51.5 in the fourth quarter of last year.

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