During the interview with HKET, Sansiri’s CEO Apichart Chutrakul says that the property prices of Bangkok will rise by 15% in coming 3 years, even more for projects along railway lines. Golden Emperor’s Managing Director Terence Chan states that the recent death of the Thai king did not halt the sales of Thai property, only keeping a low profile in marketing activities to show respect to the late King. In the long run, the smooth succession of the new Thai king will clear the disturbing factors of the market and help the healthy growing of the property market. Both the stock market of Thai and exchange rate of Thai Baht have already rebounded last week to the level before the medical condition of Thai king turned unstable, showing investors’ digestion of the news of the Thai king’s death and the confidence in the smooth succession of the new king.

2016.10.17HKETd3 (R)