" Siamese-JSP "explains the reason why cross the market.
Mr. Kajohnsit Singsunsern, a chairman of the board and acting managing director of Siamese Asset Company Limited said that After launching 2 condominium projects, consisting of Blossom Condo @ Fashion Project on Ram Intra Road, which opened for sale in June. Currently, 70% of the sales are in the whole 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 Road, there are 192 units that group high-end customers. Currently, 75% of sales have been launched last August. The remaining 25% of the units will be sold by CB Richard Ellis (Thailand) or CBRE. This is expected to close the sale within this year as well By CBRE Brought the project to a road show in Taiwan between 28-29 November, after finding that Taiwanese are the investors who are most interested in investing in the Siamese Exclusive Project.
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” Mr. Kajohnsit mentioned
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
The reason that foreigners have increasingly invested in condominiums in Thailand is probably due to the opening of the ASEAN Economic Community (AEC) later this year and the extension of the BTS's network in Bangkok and its surrounding provinces also helps to emphasize the bright future of the real estate. While the high-end condo price in central of Bangkok is also much cheaper than in Hong Kong, Singapore, and Taiwan. The rental compensation in Bangkok is higher than in foreign countries and the condominium law allows foreigners to own condominiums with 49% of the total sales area.
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