Chiang Mai property boom

After slowing down for a year, the Chiang Mai property market is expected to revive this year under the new government led by the People Power Party, according to Jarin Pongyen, senior vice-president of the listed developper Quality Houses Plc (QH). ''People in Chiang Mai are very sensitive to the political situation. They spent less and saved more since the political situation was uncertain (last year) despite having high purchasing power,'' he said yesterday. ''They are ready to spend again i

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