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 The association's president Issara Boonyoung said that the positive trend is also attributable to higher consumer confidence, on optimism that the global economic crisis is near to bottom out.

 He noted that demand for condominiums would rise due to low interest rates. Many bought the units for investment purposes, which pushed the average price per square metre to Bt70,000-Bt90,000. Buying for investment purpose accounts for 10 per cent of total demand for condominium units.

 Issara expected that the trend would remain until 2010.