Property shares: A very average week

Property shares of Thailand listed property developers that form part of our exclusive ThailandProperty.News Property Shares Index closed last week almost unchanged compared with the previous week.

Since the start of the Index, prices of the basket of 16 property developer shares has risen 3.14 percent in value.

Last week the Stock Exchange of Thailand as a whole saw a marginal decline however, since the start of the ThailandProperty.News Property Shares Index it has gained 4.20 percent.

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 THB 136.76.

Week-on-week, the largest gainer by percentage in our Index was Singha Estate. It’s share price rose 9.32 percent.

Seven of our 16 shares saw a weekly rise, and since December 29 10 of the 16 have gained value.

We started this initiative based on media predictions that this year will be a good one for investments in shares in 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 will be updated every weekend.