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Bangkok Post

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INSANE: Bangkok housing developers sentiment dips in q1 | Vintage Vibes

Vichai Viratkapan Russia Greater Bangkok

Sentiment among housing developers in Greater Bangkok dropped in the first quarter this year as they were worried about soaring costs of construction materials impacted by the Russia-Ukraine war.

Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the sentiment index of housing developers on the current situation was 47.1 in the first quarter of 2022, down from 52 in the fourth quarter last year.

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