CBRE ties up with Thailand Elite Card to offer one-stop services to foreign property buyers
Leading international property consultant, CBRE, which has been operating in Thailand for over 33 years, is joining up with Thailand Elite Card to help stimulate the economy by providing advice on investment opportunities.
It will also provide comprehensive services to foreign investors in the Thai real estate market.
Charinya Youngprapakorn, chief of advisory and transaction services in CBRE Thailand’s Residential Project Marketing Department, said CBRE Thailand has signed a memorandum of understanding with Thailand Privilege Card (TPC) to extend one-stop services to Thailand Elite members and stimulate foreign investment in Thailand’s real estate market.
Thailand Privilege Card has top-tier clients from China, Japan, the United Kingdom and the United States, some of whom are interested in buying property in Thailand but lack knowledge about the rules and regulations and reliable market information that can help them make the right decision.
CBRE will offer one-stop consulting services to foreign investors including representing them in buying, selling, leasing all types of properties as well as providing investment consultancy, market research, valuation and advisory services. CBRE will also provide guidance on buying and investing in residential projects, resort homes and other types of properties that meet the investment needs of each Thailand Elite member.
“CBRE experts are equipped with extensive knowledge of property investment in Thailand, in-depth market data from CBRE Research, and over 33 years of experience in the market. On top of these, we have a large selection of premium properties in Bangkok and resort destinations which can be matched with client’s needs whether for investment, vacation home or retirement home purposes," Charinya added.
Somchai Sungsawang, president of Thailand Privilege Card, said: “This partnership is another important step forward for Thailand Privilege Card as it will help expand our range of services for Thailand Elite members which currently number over 13,600 members worldwide, especially in real estate investment. In addition, it will boost the domestic economy and enhance Thailand’s image as one of the most investable and attractive living locations. We have chosen CBRE as our partner in real-estate consultancy for our members because of its rich experience, world-class reputation, and leadership position as a sales representative for numerous residential properties priced at over THB10 million. This could also contribute to the targeted increase in the number of our members for this year."
Though the Covid-19 situation in Thailand has not eased, CBRE believes that when the situation returns to a controllable state coupled with an effective vaccination drive and the country’s reopening in the second half of this year, tourists will start returning to Thailand and the real estate market will gain interest from foreign investors again, especially the high-end market which usually bounces back faster than other segments.
CBRE has been preparing a marketing strategy and building an integrated platform to accommodate the return of high-purchasing-power foreign investors.
It said it is confident that, in the long run, Thailand’s potential and effective government measures will help stimulate the economy and bring back more foreign investors within this year.