Thai condo developers wary about second-half outlook

Bangkok

CONDO developers should be more cautious with their launches in the second half and carefully monitor demand and high household-debt given the sluggish economy and unfavourable market sentiment, warn industry leaders.

Prasert Taedullayasatit, president of the Thai Condominium Association, said that a recent stock market slump might hit demand for high-priced condos as the purchasing power of most buyers is linked to the bourse.

"If the SET (Stock Exchange of Thailand) falls to 1,400, some condo buyers may be reluctant to buy," h…