Sunday, September 15, 2013

Thai real estate as prices are now not cheap either by local standards


"On properties, we have seen tremendous speculation on Thai real estate as prices have gone up significantly in Chiang Mai, or areas bordering Laos, Cambodia and other countries, but if you look at Hong Kong, Singapore, London, or New York's Manhattan, they are extremely expensive compared to Bangkok's high-end condos, which are now not cheap either by local standards.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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