Barnett is a shrill for the property sector
I have lived here near Layan for 14 years and currently they are destroying the place, traffic is already a nightmare and not only are they building villas on every spare bit of land but around 3,000 apartments at Layan. Most villas are all over developed, a U around a pool then a wall, some with just 1 on road parking space, asking prices THB15 million up for something that costs less than THB5 million to build. Hence the building frenzy.
The condos are selling to an extent (money laundering), all that money sent to Ukraine and other corruption has to go somewhere to be cleaned. but all these villas are all going to be ready at much the same time so I predict a big bust.