About 40% of the condos in a newly-opened Bangkok tower have already been sold to buyers from mainland China, Hong Kong, Taiwan and Singapore – according to Keerin Chutumstid, Executive, Magnolia Quality Development Corp in a South China Morning Post report.
“The protests give us an advantage for this project. If you look at Thailand right now, compared to other countries, we have a good level of political stability,” said Keerin in the report.
Additionally, the report stated that Bangkok’s real estate are seen attractive to international investors because prices are still often cheaper than cities such as Jakarta, Kuala Lumpur, or Vietnam’s Ho Chi Minh City.
Keerin said: “Compared to Hong Kong, we’re still much cheaper.”
“Foreigners come here and they can see that what we have to offer is nothing less than what you’d find in New York, Hong Kong or Singapore,” it ended.
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