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Asian Property confident in overall economy.

Bangkok Post (Bangkok, Thailand)

| March 02, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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