New low for Property Shares Index

Property shares that form part of our ThailandProperty.News Property Shares Index saw another bad week.

We started this Index at the end of 2017 based on many media predictions that this year will be a good one for investments in shares of listed Thailand property developers.

For the second consecutive week, the Index is now worth less than when we started.

Last week saw a week-on-week drop of 0.29 percent, and since the start our Index has fallen by 0.51 percent. In real terms they are now worth THB 131.92 versus the THB 132.92 we paid on December 39.

Last week also saw just five of the 16 listed Thailand property developers record a week-on-week rise, the largest being shares in LPN which rose by 3.77 percent.

The largest week-on-week decline belongs to shares in Singha Estates which fell 3.11 percent.

The largest gainer since the start of the Index is Raimon Land, with a 21.65 percent rise in its share price in only two months.

Our Index is based on one share in 16 listed developers. These were randomly selected as being 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 weekend.