While Singaporean investors have long viewed Thailand as an attractive market for real estate investment, one company has taken things a step further. Trillion Global, a Singapore-based real estate investment company, is partnering with Singha Estate to make large investments in its condo projects that are worth an estimated THB 1.66 billion, local media reports.
The company has a number of investment portfolios throughout the world but believes very strongly in Thailand’s property market as well as Singha Estate after purchasing a block of units in The ESSE Asoke condo development.
According to Trillion Global, Thailand has the potential to become a regional hub for real estate investment in Southeast Asia. The country’s reasonable property prices are a big selling point as they are not too high compared with other countries vying for investment. This allows for good returns on investment.
“We believe investment opportunities in Thailand will yield good returns in the future. Trillion Global started a partnership with Singha Estate with an initial purchase of a large block of units in THE ESSE Asoke condominium project worth over THB 900 million – an investment which received very good responses when our company went on roadshows in Asian countries such as China, Hong Kong, Taiwan, and Singapore, ” says Trillion Global Managing Director William Loke.
The company invested THB 760 million in Singha Estate’s newest residential development, The ESSE at Singha Complex. The luxury condo will make up part of the mixed-use development that is located at the Asoke-Petchaburi Intersection. The project has been in high demand among foreign investors because of the prime location as well as the upscale amenities and strong building concept.
Trillion Global was looking to acquire more units in The ESSE at Singha Complex, but were unable to do so as the project has already met its foreign buyer quota.
Image: Singha Complex on Asoke-Phetchaburi intersection
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