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News: Thailand rising from the doldrums

Wed, 12 Dec 07

Investors from the USA, Europe and Asia have renewed confidence in the Thai property market...

Supint Meechucheep, president of Jones Lange LaSalle Co, projected the property investment  would expand in the second half of this year after the government pledged a general election would be held late this year, with a new government would be set up next year.

In addition, the Thai economy is expected to grow at a higher rate next year, underpinned by a strong and robust the stock market.

 “Foreigners want to invest in Thailand because they are confident the elected government will be formed next year. But whether all funds will come in depends on policies of the new government and clarify for the FBA amendment,” she said.

“In the first half of this year, around US$382 billion had been invested in the property business around the world. Of this, $55 billion had been invested in Asia-Pacific countries such as China, Japan, Singapore, and India. Thailand was not attractive because the investors were uncertain about the political situation and the policies of the interim government”.

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