28 Oct '11, 2am

Thailand floods to impact real estate buying decisions | | My story for PropertyGuru

The flooding which has swamped large parts of Thailand is likely to have a substantial and long-lasting impact on property purchase decisions, according to one industry expert. Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, told PropertyGuru: “The flooding will result in changes to demand patterns in the residential sector in terms of preferred locations and products,” she said. “Purchasers considering buying residential properties in the future will pay more attention to the product, design features and flood protection measures of individual developments. Housing developers will also need to ensure flood prevention measures and features are incorporated when launching new developments. Demand for high-rise condominiums in the inner city will likely rise, while those considering housing will also be more selective in terms of location and move to less flood-pr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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