28 Sep '15, 5am

#singapore #property Analysts upbeat on Thailand property:

#singapore #property Analysts upbeat on Thailand property:

While foreign investment in Thailand’s property market declined due to the Bangkok bomb blast in August, CBRE Thailand revealed that analysts and developers believe the sector is resilient, while the long-term outlook in the country is positive. “The tragic blast at the Erawan (Shrine) has hurt the overall market sentiment a bit. We were quite worried in the week afterwards,” said James Pitchon, executive director of CBRE Thailand. “But the overall state of the economy is a far more important issue driving the performance of the property market rather than a single tragic event.” Koh Keng-shing, chief executive of Landscope Christie’s International Real Estate, said Thailand-based Ananda pushed back its marketing campaign in Hong Kong to late September. But none of his clients with intentions of purchasing properties in Thailand had backed out of deals in late August becau...

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

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