EXCLUSIVE: Bangkok freehold condominium development The Mark achieved double-digit sales to Singaporean property buyers and investors last weekend it what will likely be its last property showcase in the city-state.
The development in the Makkasan area of Bangkok currently has less than 30 units left for sale, and Michael Bok, Group Director for Singapore real estate agency Trillion, predicted a 100 percent sell out within the next couple of weeks.
He told DDproperty.com: “We have been marketing The Mark in Singapore for about a year, and we will have sold more than 100 units when sales end.”
Trillion recently held an appreciation night for its Singapore and Malaysia buyers of units at The Mark.
Bok added: “Singaporeans are certainly more educated about Bangkok property investments, and we’re also seeing a lot more projects from Thailand being offered for sale in Singapore by other agencies.
“The Mark has sold well because the potential of the Makkasan area is absolutely huge,” he added.
Bok also explained that, in his experience, Singaporean property buyers and investors tend to prefer to buy projects in Thailand that have started construction, or are at least close to completion.
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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