By Andrew Batt:
DTZ Thailand is set to boost its profile and expand its business portfolio to include high-valued condominiums and property investments.
"We’re using more Thai connections in lieu of Singaporean ones as we have done over the past 12 years," said Porameth Chantanakomes, the country head of DTZ in an interview with The Bangkok Post.
Porameth said the company is now in discussions with the owners of two condominium projects worth a combined THB 2.5 billion which are being constructed in Bangkok’s Pathumwan district, both of which are due to be launched in the first quarter of 2013.
The company is also in talks with a Singaporean hotel chain, a Thai private fund and a Malaysian investor looking to acquire four- and five-star hotels in Bangkok, Phuket and Pattaya.
"Singaporean investors are interested mainly in Bangkok, Phuket and Pattaya. They don’t favour Chiang Mai, which they see as too quiet and with a relatively low room rate, or Koh Samui, which has limited international connections," he said.
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