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Bangkok Post
Bangkok Post
Business

Developers take a hit as LTV easing ends

Vichai Viratkapan REIC

The expiration of the easing of loan-to-value (LTV) limits has had an impact on two-thirds of listed developers, resulting in residential sales revenue declining year-on-year in the first quarter of 2023.

Based on reports submitted to the Stock Exchange of Thailand, of the 30 developers engaged in residential development business, 20 experienced a year-on-year decline in revenue from residential sales in the first quarter.

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