Real Estate

Rally deters home-buyers in Bangkok

Published

11 years ago

March 23, 2010

Aishwarya Gupta

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.

via Rally deters home-buyers.

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