Foreign patrons are showing renewed curiosity in luxurious condominiums in Bangkok, with potential investors primarily coming from China, Myanmar and India.
Yesterday, Capital One Real Estate and its representatives have reaffirmed that Thailand’s actual property market is displaying positive indicators as their portfolio value is on monitor to achieve 50,000 million baht (US$1.42 billion). As a result, overseas market gross sales are expected to grow by 300% this year and ultimately make-up 50% of the company’s revenue.
Endorsed , CEO of Capital One Real Estate said…
“Of the foreign buyers, Chinese present a desire for costly properties, with a price range of 20 to 50 million baht (US$577,059 to US$ 1.7 million). There are additionally groups of prosperous Chinese people who want to constantly journey to Thailand in 2023. However, the numbers are still not very significant.”
Myanmar consumers, are extra acquainted with Thailand and are usually enterprise homeowners who seek to have a second home within the country. Their condominium preferences lie within a price vary of 2 to 20 million baht (US$57,796 to US$577,059), near the BTS stations, embassies, department shops, and universities, as they typically have youngsters studying in Thailand.
Indian clientele is growing significantly after the country’s border reopening and exhibits strong purchasing power. They are keen to purchase condominiums in tourist metropolis Pattaya, ranging from 2 to four million baht (US$57,705 to US$115,411), whereas Saudi Arabian traders have also become extra thinking about increasing their investments. Capital One Real Estate presently has three resort deals, worth 6,000 million baht (US$173 million), in Phuket..