Investment in local property businesses in Thailand's six southern Andaman
coastal provinces is projected to be less affected by last month's tsunami
disaster, the Thai News Agency reported Monday.
Supin Meechucheep, president of Jones Lang LaSalle (Thailand), disclosed that
Khao Lak in Phang-nga and the Phi Phi Island in Krabi Provinces are the tourist
sites, which sustained the most serious damages from the disaster.
Around 6,000 hotel and resort rooms were damages in Khao Lak. So were around
1,700 on the Phi Phi Island.
In Phuket, most damages occurred in the Patong and Kamala Beaches.
She projected that effects from the tsunamis on tourism in the resort
province would persist around three months or more.
For the Phi Phi Island, she expected, it could recover before the next
tourism season would begin in November.
But for Khao Lak, it might take longer time to recover because it sustained
huge damages, she estimated.
On the investment climate, the company found many investors hadcontinued to
go ahead with their investment plans, particularly inhotel and luxury residence
businesses.
Longlom Bunnak, head of the company's Investment Service Department, conceded
that housing projects in the seaside area hadbeen moderately affected since
potential customers had delayed their decisions.
However, no investor had expressed intention to postpone or terminate any
investment projects.
Instead, some property funds have showed interest in exploring investment
opportunities in Phuket.