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Thailand’s real estate sector trying to remain positive

Posted on 03 January 2012

The real estate market is feeling the effect of the worst floods to hit Thailand for 50 years. A number of industrial plants were shut down, homes were destroyed and a number of projects had to be abandoned. The severity of the flooding in Thailand is not yet known, but it is likely that damage will run into billions of baht for homeowners and developers. It will be some time before clear-up efforts begin and stalled projects resume.
The long term future for the property market is not as bleak as first thought as outside factors are helping and areas outside of Bangkok are benefiting………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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