FOREIGNERS STILL INTERESTED IN THAI PROPERTY DESPITE COUP

Foreign investors have continued to expand in the property market even though the country has been under the management of the junta since May 22, according to Knight Frank Chartered (Thailand) Co.

"Last week, we roadshowed in Singapore. We [were able to] sell 12 condominiums on Sathorn Road to foreign buyers from both Asia, such as Singapore and Hong Kong, and Europe, such as the UK," executive director Frank Khan said yesterday.

Foreign investors have understood what's happening here and also have continued to have confidence to invest, especially in residential projects, because prices are still lower than in other countries in Asean, he said.

European buyers especially from Britain and Russia are looking for units in the resort destinations of Pattaya and Phuket at prices ranging from Bt5 million to more than Bt10 million.