By Andrew Batt:
Property investments in Bangkok, especially those located in the central business district, was described as “hot” during a press conference in Singapore yesterday.
Nicholas Holt (pictured), Research Director Asia Pacific for Knight Frank, was speaking at the Singapore launch of his company’s Wealth Report publication. He said buyers could expect returns of up to 9 percent from their investments in the Thai capital.
He also added that demand was diverse, coming from buyers from throughout Asia including Chinese, Russians and Singaporeans.
Property price growth jumped 9.4 percent in 2012, according to the report, ranking the Thai capital as one of the top-ranked cities in the world by property price growth last year.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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