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When Bangkok Condo Property Beckons

By on Jan 28, 2016 in Property News, Residential

02-lBangkok condo style property is becoming increasingly attractive to Malaysian investors. Malaysian real estate investors have been purchasing property overseas in developed countries such as Great Britain and Australia for several years. Sansiri PLC, one of Thailand’s top developers is working to attract Malaysians to the real estate scene. They have held a seminar in Petaling Jaya to promote the Base Park East@ Sukhumvit T77 project in Bangkok.

This Sukhumvit project is a freehold condominium block with 27 floors within a mixed development project of other residential tower blocks and a community shopping centre. The 504 unit tower was completed in 2015.

Sansiri said Bangkok is attractive to Malaysian real estate buyers as it provides foreign direct investment in the Asean region. Many major car manufacturers from Japan have been setting up their manufacturing lines in Thailand for many years. Bangkok is known as a vibrant capital city.

The next 5 years are expected to be exciting times for Thailand and in particular Bangkok. Government funds have been pouring in to develop key infrastructure and boost its real estate market.  These infrastructure projects, such as mass-transit routes and railway double-tracking will boost demand to buy homes in Thailand and of course Bangkok. Thailand will be seen as a gateway to other Asean countries. Every time the government invests in infrastructure projects it opens up new land for property companies to develop residential projects.
Source : Bangkok Metro, January 23rd 2016
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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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