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Bangkok Condominium Developer Invests in Australia

By on Apr 27, 2016 in Property News, Residential

Bangkok Property Developer

The Bangkok condominium developer, Supalai plans to invest 1 billion THB in 4 residential projects in Australia. The Chief Executive Officer, Prateep Tangmatiham said they had been studying Australia for more than 3 years before deciding to set up joint ventures with local partners. “We decided to expand our investment overseas when we saw business opportunities after succeeding in expanding in the Philippines last year,” he said.

Investment in Australia entails low risk but high returns – Supalai are looking for a return on investment in excess of 20%.

Prateep said Supalai had been investing in Australia since early this year and may expand further in the Asean area but there has been no final decision made yet.

Source: The Nation, 21st April 2016
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