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Bangkok Post
Bangkok Post
Business

Interest rates hamstring developers

Interest Rates REIC Vichai Viratkapan
An aerial view of buildings in Bangkok. (Photo: Arnun Chonmahatrakool)

Higher interest rates and the end of property measures weakened housing developer sentiment, while the comeback of Chinese tourists boosted confidence, according to the Real Estate Information Center (REIC).

Vichai Viratkapan, the centre's acting director-general, said housing developers in the fourth quarter last year had greater concerns over the impact of higher interest rates on their business.

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