Analysis of returns on real estate investment in Thailand

Abstract

         This article aims to 1) study the information of real estate funds in Thailand, 2) analyze the return on investment in real estate in Thailand, and 3) provide information for investment decision in real estate investment in Thailand. The sample group consists of 113 samples. Purposive sampling was used. The research instruments are secondary data recording forms, including financial statements, annual reports, and Form 56-1, which are displayed on the website of the Stock Exchange of Thailand and the report of the Thai Appraisal and Brokerage Foundation. The statistics used in this study are mean and standard deviation. The statistics used for data analysis are Pearson's product moment correlation coefficient analysis.

         Major Findings found that 1) Analysis of variables by descriptive statistics found that the average security price (Price) was 8.1562, the market value of securities (Value) was 6206.3917, the book value per share was 9.9473, the market price to book value ratio (P/BV) was .7733, and the dividend yield ratio was 6.7819, 2) Finding the relationship between variables by using the Correlate command, the security price (Price), the independent variable, the security price and the market value of securities, the dependent variable, the dividend yield ratio, found that they had a relationship in the opposite direction at the significance level of 01 and the independent variable Market value of securities and the ratio of market price to book value (Value) and the dependent variable, the dividend yield ratio (Dividend), were found to have a relationship in the opposite direction at the significance level of .05.