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Byline: Nina Suebsukcharoen
Jan. 5--The tsunami tragedy will undoubtedly have an immediate impact on tourism and property sales in Phuket, expected to last around 12 months, according to Stephen O'Brien, managing director of the property agency Knight Frank Phuket.
But the outlook is not all gloomy as a number of the real estate agency's clients are proceeding with property contracts in the due diligence stage, he said.
"All buyers remain eager to settle. I think most buyers see this as a one-off event, an act of God, and not a callous act of planned terrorism," he said. "Some of the other developers I have spoken to immediately after the ...