“I’m really sorry, I can’t come today. I’m stuck in meetings all day,” is a line I’m sure you’ve said a couple of times on the phone, or have had it echoed back to you when you’re trying to make plans.

Thailand’s residential property sector is grappling with a severe credit crunch, as mortgage rejection rates have surged to an unprecedented 80% this year, up sharply from around 30% during the pandemic, according to developers.