Bangkok properties were attracting attention in both Singapore and Malaysia last weekend, with the agency responsible declaring itself happy with the response from overseas property buyers and investors.
Singapore-based real estate firm SQFT Global Properties was marketing the Elio Del-Ray development by Ananda in Sukhumvit Soi 64, Bangkok.
“Clients were happy with the price of the project,” a spokesperson for the company said, “but most were not initially familiar with the area.
“They liked the expansive facilities that came with the development. Clients purchased eventually when convinced of the potential of this area with the upcoming Bangkok Mall.
In the Malaysian capital of Kuala Lumpur, SQFT was exhibiting Building E of Park 24 (pictured), a project within walking distance of the Bangkok sky train network at Phrom Phong, for the first time anywhere.
“Clients were generally already familiar with the area, but found the price point equivalent to a unit in Kuala Lumpur itself, with a heftier down payment (30 percent in Bangkok compared with only 10 percent in Kuala Lumpur).
“However they liked the location and saw the potential for future growth with the upcoming Bangkok master plan.”
Dave Loo, Managing Director of SQFT Global Properties, told DDproperty.com: “We are seeing a trend of investors moving away from the traditional tourist areas of Bangkok.
“These buyers recognise the potential in the other areas of Sukhumvit, and we are pleased to see a favourable response from our shows.
“Bangkok’s housing market remains resilient, and interest levels from foreigners has been on a steady rise”
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
