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Byline: Kanana Katharangsiporn
Mar. 2--Asian Property Development Plc (AP) forecasts that political unrest will have an impact on purchasing power in the housing market.
"Housing demand depends on the economy. If this political situation is extended until it affects the economy, it will affect home purchasing power as well," said Anuphong Assavabhokhin, chief executive of the listed residential developer. "We are keeping a close eye on it."
However, the company is confident in the overall climate. In 1992, at the time of Black May, the number of housing registrations dropped sharply, but it bounced back in 1993 as GDP growth continued," he ...
Source: HighBeam Research, Asian Property confident in overall economy.