By Shabnam Muzammil:
Capital G Development offers potential buyers an investment return guarantee of THB5,500 per month all through the existence of the contract, which could extend by up to 10 years.
Capital G also offers to find tenants for buyers declining to occupy the unit.
Meanwhile, Chairat Piroonhapat, Managing Director at Capital G, revealed that the company spent THB500 million this year on the construction of two new condo projects — Avenue Venice near ABAC University’s Bang Na campus and Avenue Valley near Rangsit University.
A brand under the company’s “condo for investment” concept, Avenue focuses on development near schools.
Avenue Venice comprises 210 units, while Avenue Valley has 576 units. Prices range from THB890,000. Both projects are also 20 percent sold since their launches.
“Condos near educational institutions offering a 10-year investment guarantee receive good feedback from investment-oriented buyers,” said Chairat, adding that this market is less sensitive to economics, politics and even natural disasters.
Shabnam Muzammil, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email shabnam@allproperty.com.sg
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