For many Singaporeans Krabi is still a fairly unknown part of Thailand, but at least one experienced property investor believes it has the potential to be one of the next top destinations for property buyers and investors considering an investment in the Land of Smiles.
Getty Goh, Director of Ascendant Assets and already an investor in the province, is already a huge fan of what he describes as being how Phuket was some 20 years ago. “It’s very much undiscovered,” he said.
The province already benefits from direct international flights from Singpore, and is also home to what are widely renowned as two of the best beaches in the world. It sits in the Western coast of Southern Thailand – some two hours north of the more popular Phuket.
Goh was speaking in Singapore to support sales of The Lai Thai (pictured), a luxury condotel which is already close to selling out its 40 percent foreign quota.
He said: “Although attendance at last weekend’s eveny was not as good as anticipated, a total of 12 sales are expected. Four were committed on the spot and there are another eight serious prospective buyers that real estate agency DWG is following up. If all 12 buyers proceed, the Lai Thai will have cleared most of its foreign allotment.”
Owners of the freehold project, which will be completed next year, have the benefit to staying in their apartment full time or acquiring rental returns through pooling their unit into a rental scheme.
Prices for units on offer at last weekend’s Singapore property exhibition started from S$185,000.
Andrew Batt, International Group Editor of
PropertyGuru Group, wrote this story. To contact him about this or other
stories email andrew@propertyguru.com.sg
Recent stories you may have missed from Thailand’s number one property portal
Residential property news from Thailand and the region
Decline in interest from overseas in Thailand property
Student property shows halted in the UK
Thailand’s Land & Houses secure sales in Singapore
Far East property buyers focus on UK country homes
No change in Bangkok’s liveability: The Economist
Commercial, retail and industrial news
Bangkok rental rates are 1/40th cheaper than Hong Hong
Chinese funds go shopping, with Asia in their sights
Thailand rated as ‘cheap’ for construction costs