Despite initial fears, the impact from the military coup on the real estate sector remained minimal as the take-over came as no surprise to local and foreign property investors in Bangkok, according to international property services firm JLL.
The company’s discussions with property developers, investors and corporate occupiers indicated that the coup came as no surprise, said Suphin Mechuchep, managing director of JLL Thailand.
She said most property players in Thailand appeared immune to the current political situation, which was one of disruptions the country had been through in the past. Experience showed that most of these disruptions were either short-lived or had limited direct impact on the real estate sector.
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