Thai Property News

December 27 Turnout in Thailand’s election reached a record 74.45%, higher than the 70% projected by the army-backed government, according to the Election Commission Chairman Apichart Sukhagganond.Final figures provided by the Commission show that about 32.8m of the 45.64m eligible voters cast ballots.

The People Power Party (Thaksin’s allies) won 233 of the 480 seats in parliament, just short of the number needed to govern alone.  The Democratic Party, which came in second with 165 seats, has refused to join a PPP-led government. 

The remaining seats were split between five smaller parties.

The Thai Stock Exchange did not react significantly – although the SET was up around 1% at close on 27 December – not exactly a ringing endorsement.