Following predictions that property shares are likely to see high returns this year, ThailandProperty.News has put this prediction to the test.
On December 29 we theoretically purchased one share in 16 random public property companies listed on the Stock Exchange of Thailand (SET).
Therefore, the starting point for the ‘ThailandProperty.News Property Shares Index’ was recorded at 132.60.
At the close of the SET yesterday (Friday), the property shares Index stood at 133.06, a rise of 0.35 percent.
In contrast, the SET as a whole saw a 2.38 percent rise during the first trading week of 2018.
Eight of our 16 shares saw a decline this week, while seven saw a rise in prices. One share price remained unchanged.
Of the risers, Origin Property (ORI) has been the star performer with a 7.77 percent since in its share price since the Index began late last month.
The 16 listed property companies we have chosen to form our first property shares Index are: 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.
We intend to update this Index every Saturday.