If you look past the recent Bangkok riots, Thailand appears just as alluring as ever. Hongkongers are particularly enamoured with what they see, both as leisure visitors and investors, especially at the country's resort destinations.
Sadly, for the Thai people, tourism will inevitably be affected by the political events that rocked the capital. But what, if any, will be the effects on property investment?
David Simister, chairman of property advisory firm CB Richard Ellis (CBRE) Thailand, concedes 'a new mood of caution' among both local and foreign buyers since the protests, but says this has not been reflected in sales.
'We don't believe there has been a significant drop from abroad. Overall, in the high-end and luxury segments, foreign purchasers continue to represent about 25 per cent of total sales. Most who buy in Bangkok and resort destinations are fans of Thailand, and are well acquainted with the local situation.'
CBRE thinks Thai property values have been depressed by continuing political unrest for the past several years, and that prices reflect this. 'Commercially, there is a dichotomy between political issues and the economy - as witnessed by the strength of the Thai baht, the stock market and property prices, which have held up solidly through the political crisis,' Simister says.
'Sales are still going through and have shown no discounts.'