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REAL ESTATE Last Updated: Sep 14th, 2008 - 02:45:41


Coup And Property Market
By www.phuket-post.com
Oct 30, 2006, 06:25

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Despite - or because of - the coup on Tuesday 19 September, Phuket is seeing increased interest in its property market.

One developer told Phuket Post that he had been inundated with requests about a piece of land he had been trying to sell for over a year. “Last week we had three people interested in a plot of land we had for sale,” the developer, who asked to rename nameless, told the Post. “Yesterday [Saturday] one buyer called to make a definite offer. When the second called and I told him the land was already under offer, he said he’d take the other plot we had. Then the third called and said he would improve on the first offer we’d received so he could get that first plot.”

Henri Young of Raimon Land – which is currently marketing its Kata Height project in Phuket – told the Post that the company had seen considerable buyer interest in Phuket since the takc-over by General Sonthi Bunyaratkarin. “We sold two properties in Phuket just yesterday,” he told the Post on Sunday.

Mr Young, who had already reported considerable buyer interest from the Hong Kong following the coup, told the Post, “We are very happy with what is happening in Thailand right now.”

http://phuket-post.com/article.php?id=479



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