Authors, etc.
Language
English
Date of Publication
February 08, 2024
After the collapse of the Thai property sector in 1996, a contributing factor to the Tom Yum Kung Crisis in 1997, the Thai government attempted to stimulate the Thai economy through the implementation of various strategies. For the real estate sector, the Securities and Exchange Commission of Thailand (the “SEC”) adapted existing mutual fund regulations, resulting in the establishment of the vehicle called Property Fund for Public Offerings (the “PFPOs”). This initiative not only helped the Thai economy, but PFPOs also became popular financial instruments for investors, thus enhancing the growth of the Thai property market overall.
