CBRE DAVID SIMISTER 30% Property Decline On Red Shirts

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Posted: 18 May 2010 | 6:00 am

Bangkok's property market is being hit hard by the continued red shirt problems according to a discussion we had with CBRE Thailand's Chairman David Simister. Currently in the nation's capital transaction levels are down 30% and could fall further should the events be prolonged.

As for now looking for green shoots, demand in resort markets including Koh Samui and Phuket continued to be subdued. Foreign purchasers which drive a good amount of volume in the sector as remaining acutely aware of the current risk elements and have chosen to maintain the status quo.

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