Since we started the ThailandProperty.News Property Shares Index on January 1, 2018, our basket of 16 shares in Thailand property developers has fallen by more than 8 percent.
The Index was started following media reports that shares in Stock Exchange of Thailand listed property developers would make a decent, alternative investment this year.
After six months, out theoretical purchase of one share in 16 randomly chosen property developers is now worth 8.63 percent less than our purchase price.
The biggest gainer in the ThailandProperty.News Property Shares Index is Golden Land, which has shown an impressive 33 percent rise in its share price since the start of 2018.
The worst performer, perhaps surprisingly, is Sansiri which has lost almost 30 percent of its share value.
Just four of the sixteen shares have seen a rise in price, with 12 showing declines.
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.
Clearly, predictions that shares in Thailand property developers may not be a “decent” investment as many media pundits predicted at the end of last year.