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Chinese eye Luxury Bangkok Condo JV Projects

By on Feb 03, 2016 in Property News, Residential

It is being reported there are at least 7 Chinese investors with a combined 10 billion THB are looking for joint ventures in luxury Bangkok condo developments in 2016.

Alan Lin, Managing Director of property brokerage Harrison Co, said the Chinese investors included contractors, developers, property funds and construction material makers. “As the Chinese economy tumbles, many Chinese investors in property-related business are looking for an opportunity for investment abroad,” he said. “The first destination is normally Britain, followed by Australia, the US and Asia countries.”

The Chinese developers interested in Thailand are normally medium-sized organisation who are unable to compete with the enormous developers with much larger funds to bid for land plots.  The locations of most interest are Ratchadaphisek Road, the riverside area and Sukhumvit road. Pattaya, Phuket and Chiang Mai are also of interest.

Mr Lin said the property market this year would be stable, but growth would be seen in locations along the Purple Line and the attractive inner-city areas such as Silom, Lang Suan, Sathon and Sukhumvit.

Source: Bangkok Post 27th Jan 2016
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