Siamese has built condos for foreign fundraising
Mr. Kajohnsit Singsunsern, a chairman of the board and acting managing director of Siamese Asset Company Limited revealed that Currently, foreign investors are starting to return to buy condominiums in Bangkok more after the political situation is stable, including the entrance to the ASEAN Economic Community (AEC) later this year. Therefore, it has been causing the property to receive more benefit as well combined with many foreign property prices are still higher than in Thailand, as reflected by the company itself, which is considered as successful.
“This year, the company has developed 2 projects in Ram Intra and Sukhumvit 31 have achieved sales of over 70% and is expected to close all sales this year reflecting customer confidence in companies that focus on developing projects in potential locations.”
Ms. Aliwassa Phatthanabut who is a managing director of CB Richard Ellis (Thailand) Ltd. said 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 because the high-end condo price in the central of Bangkok is cheaper that Hong Kong.
Newsroom & Activities
25 May 2024
Siamese Asset Introduces New Presenter Apo-Nattawin and Launches Commercial Under the Concept "THE SUSTAINOVATIVE LIVING", Expanding Green Space for a Better Quality of Life
Read more