CBRE DAVID SIMISTER 30% Property Decline On Red Shirts

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

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.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Starwood Capital's eco chain brand
http://www.1hotels.com

Singapore flashpacking budget sleep
http://www.winkhostel.com

Top Manila travel and food blog
http://www.ourawesomeplanet.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Wellness Retreat Wins Award

Thai based group Zinc InVision have been recognized with a Senses Wellness Award for Best Medical Wellness Resort for The Farm at San Benito in the Philippines.

WEDNESDAY Business Crisis Management Seminar

After Phuket's recent tsunami and earthquake scares, environmental organization SEEK have arranged Business Continuity Management for Crisis Situations seminar.