EXCLUSIVE: Interest in the first Thailand property development to be exhibited in Singapore following the escalation of the ongoing political tension in the kingdom was described as “encouraging” by the real estate agency marketing the project.
Doris Tan, Head of International Residential Project Sales for Jones Lang LaSalle Singapore, told DDproperty.com she was pleased with the interest in The Bay, Koh Samui, which was showcased to Singapore property buyers and investors last weekend.
She said: “[The level of interest] was quite encouraging for an emerging market.” She expects the Singapore property exhibition to result in a number of sales.
The Bay, Koh Samui (pictured), a small, luxury development of just 34 units on the island in the Gulf of Thailand.
Investors can benefit from guaranteed net returns of between 4-4.5 percent for three years. A variable return option will also be explained to interested individuals by KC Group, the developer.
Located on a quiet hillside at the top of a private, secured road on Koh Samui, ‘The Bay’ is made up of three blocks of condominiums with both sea and island views. All units are fully-furnished and are available for occupancy end of March 2014.
The development in Bophut is five minutes from Koh Samui’s international airport and seven minutes from the main bustling tourist area of Chaweng.
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:
Bangkok’s best-selling property locations
High profile UK developers Candy & Candy eye Bangkok market
Bangkok office sector rents and occupancy rates are rising
Weak Thai baht is attracting overseas property buyers
If you have a property story you want us to publish email: andrew@allproperty.com.sg