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
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
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
