Presales in Thailand remain soft an

Presales in Thailand remain soft and developers continue to push pack major new launches in order to focus more on clearing current inventories. The overall operating environment remains tough as banks continue to reject mortgage applicants at a higher rate than usual. This trend is likely to continue over the course of the next three months as developers aim to take advantage of the Government’s stimulus package which expires in April. There is a chance it will be extended until the end of 2016 but this is not confirmed.