Following successful sales in Singapore last month where 41 units were sold in its Surawong Road development in Bangkok, Siam Asset Co is aiming for more overseas sales success.
Kajohn Sae-Eng, Managing Director of the developer, said Singaporeans have been attracted to Bangkok property investments because prices are relatively low, and the possibility exists for capital gains.
He added that Sathon, Silom and Surawong are the most preferred locations for Singaporean property buyers and investors looking at Bangkok.
The Siamese Surawong project was launched in mid-September and has already sold 101 units to Thai buyers as well as 41 units to Singaporeans.
"We are also in talks with a Japanese hospitality firm that is seeking about 200 condo units for Japanese expats. It is a new trend for Japanese firms to find accommodation for their staff to easily set a budget, he told local media.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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