Developers stay on course amid political crisis

"We are carrying on with our busi¬ness plan to launch six new residen¬tial projects, worth about Bt10 bil¬lion, in the last quarter of this year," he said.

He said the political problem would not have a negative impact on its sales target because the company has already begun presales of its proj¬ects, which will add to revenues for the last quarter of the year, thus helping it achieve its target.

Asian Property Development senior executive vice president Visanu Suchatlumpong said the company's sales in this week showed growth of about 10 per cent compared to last month's sales, indicating homebuyers are still keen on buying residences despite the country's political prob¬lems.

He said the company would continue with the launch of new residential projects in line with its target of introducing six or seven projects by the end of the year.

However, foreign investors who had planned to invest in the Thai property market have delayed their decisions and are waiting for the country's political situation to stabilise, Colliers International Thailand's managing director Patima Jeerapaet said.