No sign of irregularity in real estate,capital flows
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The Bank of Thailand (BOT) has found no sign of a real estate bubble, but will keep a close watch on the situation, officials said, adding that no irregularities in capital flows had been reported.
Suchada Kirakul, an economic adviser to the central bank, said the issue has been discussed at internal monthly macroeconomic team meetings. So far, there had been no worrying signs, as most residential units had been purchased for own use, with a very low resale rate. Reselling was found in some provincial areas, however.
The Nation
