Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images
Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images
Thailand

Private-equity fund 9 Basil eyes first acquisition in Bangkok, as distress mounts in Thailand’s property sector

  • 9 Basil’s acquisition underlines the tough conditions that property developers are facing in Thailand, particularly in Bangkok
  • Projects on sale today were initiated in 2018, when things were still good, Kris Panijpan says

Topic |   Thailand
Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images
Traffic in downtown Bangkok. The sales of residential units are expected to decline by 40 per cent year on year in 2020, according to Colliers Thailand. Photo: Getty Images
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