Q4 2009 saw a continued recovery in the Phuket property market. Sales of resort property improved but were still at low levels and mainly concentrated in a limited number of projects. The level of built but unsold inventory of completed condominium and villa units is low. Prices for built property have remained relatively stable with [...]
The Thai market has historically shown it can weather crises without damage to investors. The ‘Red Shirt Protests’ that turned parts of Bangkok’s shopping and financial district into a barricaded fortress for more than 2 months is unlikely to lead to dramatic drops in property values, although some people have deferred buying decisions for the [...]
While Thailand’s tourism recovers from political demonstrations in the capital Bangkok and some northern provinces, which saw governments advising their citizens not to travel to Thailand, the paradise island of Phuket, 900 km south of Bangkok, has received a major accolade. Phuket was voted ‘Best Asian Maritime Capital’ in the annual Asian Boating Awards 2010 [...]
It is no secret to us here, on the ground in Thailand, that the coverage of the ‘Red Shirts’ protests in Bangkok by the international media, especially by CNN and BBC was very poor and very biased. They made it look like these protest were an up-rise by the poor rural people from the north [...]
