The confidence index of real estate entrepreneurs in Bangkok - metropolitan area in the 4th quarter of 2023 dropped below the median in terms of low performance for 5 consecutive quarters. Sales were at a level of 45.1 amid fluctuating operating costs. Overall, for the next 6 months, confidence levels will increase.

Real Estate Information Center The Government Housing Bank or REIC reports the confidence index of housing development business operators in Bangkok - the surrounding area. In the current situation, the overall picture of the 4th quarter of 2023 has an index value of 47.6, a decrease.

Compared to the third quarter of 2023 (QoQ) with an index value equal to 49.7, the level of confidence is lower than the median level of 50.0, which is decreased when compared to the same period last year (YoY) with an index value. Equal to 51.5, reflecting that entrepreneurs have decreased confidence and are still concerned about the current business situation.

  Areas with a level of confidence lower than 50.0 or a lack of confidence and concern include operating results at the level of 41.8, lower than the level of 50.0 for 5 consecutive quarters, sales at the level of 45.1, and costs. Operations (inverse) was at the level of 41.5, which was lower than the level of 50.0, but it was found that in the investment and employment areas it was at the level of 50.7 and in the area of opening new projects and/or new phases. which is at the level of 55.5

  Wichai Wiratkaphan, Government Housing Bank Inspector and Acting Director of the Real Estate Information Center revealed that the results of the confidence survey It shows that in the 4th quarter of 2023, entrepreneurs There is still decreased confidence and a negative view of the business situation throughout 2023. It was found that there was a level of confidence lower than 50.0 continuously from the 1st quarter to the 4th quarter of 2023, which is a result of factors various negative factors, especially the MPC's policy interest rate increase which has been raised since the beginning of 2023 at the level of 1.25 percent to 2.50 percent in the 4th quarter of 2023.