Bank of Thailand: housing market oversupply needs monitoring

Thailand is struggling with rising risk in the property market, in particular the problem of oversupply and deteriorating loan quality.

At the conclusion of a joint monetary and financial stability meeting, the Bank of Thailand said on July 5 there is a need to “monitor oversupply” in the property market, citing the fact that developers are taking longer to unload stocks of apartments.

“And looking ahead, the fact that developers’ financing via bank loans and bond issuances had been growing