Politics goes on back burner | Bangkok Post: business

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Politics goes on back burner

Purchasers from abroad are reassured by increasing stability as they seek to cash in on Thailand's rising market and good value

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Political stability, a healthy economy, a market uptrend and geographical potential as Asean's centre have spurred foreign demand for Thai property despite pressure from the strong baht, say developers and consultants. 

Nineteen units worth a combined 335 million baht at Magnolias Ratchadamri Boulevard condominium complex were sold in Hong Kong during a three-day roadshow early this month.

"There were no questions about the Thai political situation from buyers in Hong Kong during the company's roadshow there early this month," said Thanawan Chaiwatana, managing director of the developer Magnolia Finest Corporation.

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