The Growth of Condominium Business and the Establishment of Investment Index

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ดิษฐวัฒน์ โสภิตอาภาพงศ์ [Ditthawat Sopitarpapong]
วิชญานัน รัตนวิบูลย์สม [Vichayanan Rattanawiboonsom]


The real estate sector is important in driving Thailand’s economy. The purpose of this research was to create a measure of condominium investment for Investors, Real estate company and Government to develop and generates indicators of investment for Condominium Investor Capability (CIC) and Condominium Speculative Index (CSI). The study was conducted from the first quarter of 2001 until the third quarter of 2017, a total 67 time periods and revealed the following research finding: 1) The CIC was higher than normal (Z ≤ 1). When the quality of index was tested on the basis of the Consumer confidence questionnaire, the correlation coefficient had a statistically significant relationship at the 0.05 level but in the opposite direction to the growth of the condominium business. 2) The CSI result for the index was at a high level of risk (Z ≤ 2) and the quality of the index was tested on the results of the consumer confidence survey and the correlation coefficient. However, there was a short-term and long-term relationship with the growth of the condominium business.


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[Ditthawat Sopitarpapong]ด. โ., & [Vichayanan Rattanawiboonsom]ว. ร. (2019). The Growth of Condominium Business and the Establishment of Investment Index. Journal of Business, Economics and Communications, 14(1), 69-80. Retrieved from
บทความวิจัย (Research article)


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