Factors Influencing The Return of Property Funds in Shopping Center Sector in Thailand

Abstract

        The objective of this research was to study the factor affecting the rate of return of the shopping center property fund in Thailand using the Panel Data Model. The data was collected monthly at the end of the month for 60 months, from January 2015 to December 2019, from 6 shopping center property funds in Thailand.  Hausman Test was applied to test the appropriateness of the model. Research results indicated that the study applying Random Effect Model had higher appropriateness than using Fixed Effect Model. Furthermore, the net asset value, land and building sales value and the construction materials price index had the positive relationship with the rate of return of the shopping center property fund at the reliability 95%. Meanwhile, the expenses of the infrastructure of the public sector and the demand for retail area expansion had no statistical significance.