The number of prospective home-buyers visiting residential projects in Bangkok fell by 20 per cent last week because of the red-shirt rally, a survey by The Nation has found.
Business Housing Association president Issara Boonyong said that most home-buyers were afraid of violence arising from the rally, so they delayed visits to development sites near the demonstration.
Issara, who is also managing director of Kanda Property, which is developing residential projects at Rama II and Pracha-Uthid, said the number of customers visiting his company’s projects dropped from the usual 50 per site to about 40.
Thai Condominium Association president Atip Bijanonda said consumer confidence faltered when home-buye
rs once again faced political uncertainty. When the number of customers visiting residential projects in the first week of March was compared with that in the second week, when the red-shirt rally occurred, the drop was about 20 per cent.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
Subscribe via Email
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...