Bad week for property shares

property shares index
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Property shares of Thailand listed property developers that form part of our exclusive ThailandProperty.News Property Shares Index were not spared by the impact of the U.S. sell off last week,

Most of the gains we saw in our Index before last week were wiped out, with the value of our basket of Thailand listed property shares now showing a mere .19 percent rise since the Index began at the start of 2018.

Last week the Stock Exchange of Thailand as a whole dropped by 2.24 percent, with our Index seeing a 2.86 percent drop.

The cost of buying one share in each of the 16 developers on December 29 was THB 132.60. At the close of trading on Friday those same shares were worth just THB 132.85.

Last week saw just four of the 16 shares recording a week=on-week percentage rise, the latest being Singha Estate.

Since the start of our Index ten of the 16 stocks have gained in price with Golden Land leading the way with a 12.5 percent gain in share price.

We started this Index based on media predictions that this year will be a good one for investments in shares of listed Thailand property developers.

We chose shares of 16 listed developers. These were Ananda Development, AP (Thailand), Eastern Star, Golden Land, Land and Houses, LPN Development, Major Development, Origin Property, Prinsiri, Pruksa, Quality Houses, Raimon Land, Singha Estate, SC Asset Corporation, Sansiri and Supalai..

This Index is updated every week.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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