Developer index for Q1 tallies 4th-lowest level ever

Score attributed to a raft of challenges

- KANANA KATHARANGSIPORN

The sentiment index for Greater Bangkok housing developers in the first quarter of 2025 fell to the fourth-lowest level ever, behind previous troughs recorded in the fourth quarter of 2011 during severe floods, the global financial crisis in 2008, and the onset of the Covid-19 pandemic.

According to the Real Estate Information Center (REIC), the Housing Developer's Sentiment Index was 42.0 in the first quarter, down 8.4 points from the previous quarter, representing the fourth-lowest level since the survey began.

The floor was 37.1 in the fourth quarter of 2011 during massive floods, plunging from 57.2 in the previous quarter.

The index then rebounded to 55.8 in the first quarter of 2012 and remained above 50 until it fell to 44.1 in the first quarter of 2014 during a political crisis.