Real estate business is doing just fine, according to this report from Thai property site DDproperty.com:
Despite the “Bangkok shutdown” making newspaper and television headlines around the world, there has been little impact for Singaporean property buyers who are considering investing in the Thai capital.
Singapore real estate agency Trillion Property, which currently has about 150 buyers going through the due diligence and transfer process for Bangkok condominiums, said that every one of their clients is still planning to visit Bangkok as originaly planned.
Michael Bok, Group Director for Trillion Property, told DDproperty.com: “Of course there will be a few buyers having some concerns over the unrest, but nonetheless the majority of our buyers have gone through the first round of political unrest in 2010 and understand that this is a usual occurrence in Thailand.
“During 2010 property prices and the number of transactions in Bangkok never went south; infact they actually increased.”
He added that although things are pretty inconvenient in Bangkok right now, he doesn’t think the protests will affect Bangkok’s s real estate investment sentiment significantly.
“We still have buyers buying Bangkok properties through us , and the number of enquiries from interested potential buyers are still happening.
“Unless there are drastic changes to Thai property laws, all and all, everything is still as per normal,” he concluded.
Story: DDproperty.com
Photo: Coconuts Bangkok
