Property shares that form part of our ThailandProperty.News Property Shares Index saw another bad week.
For the first time since we started the Index at the end of December 2017, our basket of 16 shares is now worth less than we paid for them.
Last week saw a week-on-week drop of 0.32 percent. Since the start our Index has fallen by 0.13 percent. In real terms they are now worth THB 132.42 versus the THB 132.60 we paid.
Last week also saw seven of the 16 shares in our Index recording a week-on-week percentage rise.
The largest rise in terms of percentage was Raimon Land, while the largest decline belonged to LPN at 7.83 percent.
Since the start of our Index three of the 16 shares have witnessed double-digit increases, while seven have seen declines.
We started this Index based on media predictions that this year will be a good one for investments in shares of 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 is updated every weekemd.