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Thailand: Purchasing power for homes remains high despite political turmoil.

Thai Press Reports

| April 30, 2010 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

Section: Business News - The current political crisis has not impacted the public demand for owning homes, according to an industry executive.

Bunyong Visatemongkolchai, president of Bangkok Commercial Asset Management Company, said the public's purchasing power remains high although the political standoff continued unabated.

Incomes earned by many people are still sufficient to be set aside for a house purchase given the current low lending rates.

In addition, the government's move to extend a measure to reduce ownership transfer and mortgaging fees may have …

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