Property shares slip again

Property shares that form part of the ThailandProperty.News Property Shares Index witnessed a third consecutive weekly decline last week.

The basket of 16 property shares in some of Thailand’s leading property developers is now worth 1.61 percent less than when we started the Index at the start of 2018.

The Index also saw a week-on-week drop of 1.10 percent – with the accolade of biggest loser belonging to LPN Development with a weekly decline if more than 7 percent.

Biggest gainer since the start of the Index is Golden Land, which has risen 15 percent, closely followed by Raimon Land with a 14.43 percent rise.

Week-on-week, just four of our basket of 16 shares saw price gains.

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.