The Thaksin Effect

These are fast times for Wacharee Nispaprapassorn. The 28-year-old information technology consultant sits in a gleaming Starbucks on Bangkok's ritziest road, Langsuan, sipping an iced latte and chatting excitedly about her new life. Last month, she says, she bought a new car. Now she wants a new apartment in a luxury building just a few doors from here. The building has been on sale for just two weeks but three-quarters of the flats have already been sold. "If I don't buy now I'll never be able to afford it," she says. "The prices are getting crazy."

Eighteen months...

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