It is about 10 years the Asian Tiger took a deep crash and it all started in Thailand. The banks have given out loans too much and to easy to people that want to speculating in housing and other project and people even took personal loans to invest. The Asian Tiger was really a small kitty cat and when people saw that the Thai currency went on a roller coaster ride. Now 10 years later we can see the same thing in China with empty apartment complexes and empty shopping malls.
Even Thailand does not listen to what happened before the market is really like a bubble and people are speculating that the price will go up all the time just because some broker tells them that all the apartments in Bangkok are full. The banks should really be more careful with secured loans to people that want to speculate in the property market.
