Siamese Asset Company Limited (SA), the real estate entrepreneur has announced the successful sales combined with trends of the common market
Siamese Asset Company Limited (SA), the real estate entrepreneur has announced the successful sales combined with trends of the common market
Mr. Kajohnsit Singsunsern, a chairman of the board and acting managing director of Siamese Asset Company Limited revealed that After Siamese has launched 2 condominium projects this year which is considered to be a successful achievement by Blossom Condo @ Fashion Project on Ram Intra Road which opened for sale in June. Currently, 70% of sales have been received from the entire project with 326 units and the last lot sold for 108 units at the end of October. Which is expected to close the entire project sales by the end of this year
As for the Siamese Exclusive Project on Sukhumvit 31, which has 192 units, focusing on high-end customers, 75% of sales have now been released after launching in August. The remaining 25% of the units will be sold by CB Richard Ellis (Thailand) or CBRE which is expected to close the sale within this year as well. CBRE will lead to the roadshow in Taiwan between 28-29 November after finding that Taiwanese are the group of investors who are most interested in investing in the Siamese Exclusive Project
Mr. Kajohnsit said that “Customers have been trusting in the Siamese brand. Allowing us to sell well, although some of the overall property markets are still affected by the economy has not recovered. However, with the strength of the Siamese, the development of the project on a prime location and the construction of quality and cheaper than other competitors that can meet the needs of customers. as well as an exclusive members group who have closely followed the purchase of rooms with us which made both projects in this year get a very good response”
Ms. Aliwassa Phatthanabut who is a managing director of CB Richard Ellis (Thailand) Ltd. said that The company selected the Siamese Exclusive project to the roadshow in Taiwan as foreign investors who buy high-end condos to super-luxury are mostly Hong Kong, Taiwanese and Chinese, and buyers in the Sukhumvit area including the Siamese Exclusive project is Taiwan's No. 1 investment in Thailand because of the average high-end condo prices in Taiwan being much higher than in Thailand, but the rental in Taiwan is lower than in Bangkok
In addition, the Siamese Exclusive Project can meet the needs of Taiwanese investors both the Sukhumvit area that supports the rental market from foreigners, especially Japanese. Beautiful and modern project design including decorations and furniture make it able to be released immediately after the ownership transfer. There is no project in Taiwan that has responded to this much. Therefore, it is confident that going to the roadshow will be well received and will be able to generate sales and close sales of the project as planned
Ms. Aliwassa added that Currently, the volume of high-end condos to Super Luxury has entered the market increasingly together with foreign investors returning to buy in Bangkok market caused by the more stable political situation and the real estate prices abroad are much higher than in Bangkok causing entrepreneurs to look for more opportunities in international markets. Especially in Asia such as Singapore, Hong Kong, China, and Taiwan
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