Chinese property might grows in Bangkok: agent
Nexus Property Marketing says the property market in Bangkok has been adjusted to serve foreign investment, while more mid-sized players and new developers tap into the market.
Large-sized developers seek investment opportunities in the property leasing market to manage their cost more effectively and generate long-term revenue.
The market for luxury homes in central Bangkok would continue to grow in the second half of this year, managing director Nalinrat Chareonsuphong forecast.
During the first quarter of 2018, 14,094 condominiums had become available in Bangkok from both large and small developers, Nalinrat said.
In the first quarter, around 20 per cent of condominiums in Bangkok were developed by large Chinese companies without investing as joint ventures with Thai developers. The combined value of these projects was over Bt30 billion, she said.
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