The ThailandProperty.News Property Shares Index fell to a year-low last week.
This was the fourth consecutive weekly fall in the value of 16 shares we picked at the start of 2018.
The basket of property shares in some of Thailand’s leading property developers is now worth 5.92 percent less than when we started the Index.
Last week alone saw the Index drop by its largest weekly amount – 4.38 percent.
Ten of the 16 shares fell week-on-week, with shares in Origin Property declining by more than 20 percent.
The value of the 16 shares now stands at 124.75 baht compared with a start price of 132.92 baht.
Ananda Developments, which started the year at 5.90 baht is now trading at 4.50 baht and is the largest declining share in the Index since the start of the year.
Golden Land, with a rise of more than 23 percent, is the largest gainer in the Index this year.
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 week.