The confidence index of real estate developers for the second quarter of this year has dropped to 42.2 points from 50.4 points for the first quarter.

The second quarter falls below the 50.0 point median index, reflecting developers’ declining confidence in the economic situation and investment in Thailand.

Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.

The substantial drop in the confidence index for Q2 stemmed largely from a decline in the confidence index of listed real estate companies, from 52.2 points in the first quarter to 41.9 in the second quarter, against a 50.0 point median level.

The confidence index of non-listed real estate companies also fell to 42.7 points in the second quarter from 47.7 points in the first quarter.

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