By Andrew Batt:
Thailand property investment opportunities were once again in the spotlight in Singapore last weekend, with three projects from the kingdom being showcased to buyers and investors there.
For what is believed to be the first time, a Thailand commercial property investment opportunity in the form of Movenpick White Sands Pattaya was attracting considerable interest.
Richard Goh, Head of Business Development and International Projects Marketing for DWG Real Estate, the Singapore agency responsible for the project, said that Thailand represented an interesting proposition for investors looking to add value to their property portfolio.
He told DDproperty.com: “Traditionally investors have look to Malaysia and haven’t really considered Thailand in large numbers, but it is a very good option.”
Citing recent data from Jones Lang LaSalle which highlighted Thailand is the number one hospitality investment destination in Asia, Goh added that Movenpick White Sand Beach in Pattaya offers what he described as being a rare combination of a good freehold hotel investment in country where the economy is booming, with secure long term guaranteed returns up to 15 years.
“Movenpick is a leading, global brand in hotel management, and as well as buyers getting 30 days use of their investment every year, they can also look forward to the prospect of capital growth,” he added.
Knight Frank Thailand was also attracting strong interest for two Bangkok projects; Wora Sukhumvit 49 and Weltz Residences.
Frank Khan. Executive Director and Head of Residential for Knight Frank Thailand, told DDproperty.com: “In general Singaporeans are not familiar with the Phra Kanong area [where Weltz Residences is located], but it represents an excellent investment opportunity in what is probably one of Bangkok’s up-and-coming areas.”
He added that interest for Wora Sukhumvit, located on Sukhumvit 49 not far from Thonglor, was attracting interest from Singapore-based investors due to its 6 percent guaranteed returns for two years.
Singapore interest in Thailand property investments has been strong for more than a year, and the number of buyers has been on the rise since the latest round of cooling measures in the city state which came into effect on January this 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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