Friday, June 05, 2020

Property guru push sales as prices dip

Mar 23. 2020
“Due to the Covid-19 crisis, the prices of many housing units have come down. This is a good time to explore available choices and invest,” said Natchaanundh Chantranuwatana, founder and CEO of The Prop.
“Due to the Covid-19 crisis, the prices of many housing units have come down. This is a good time to explore available choices and invest,” said Natchaanundh Chantranuwatana, founder and CEO of The Prop.
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By Kitchana Lersakvanitchakul
The Nation

Thailand has much more to offer to expatriates than hospitality and according to real-estate expert Natchaanundh Chantranuwatana, is “ the best place to raise kids”.

“Our country has many world-class international schools. And if you know where to settle, our society is really safe. Thai people are also very friendly and helpful,” said Natchaanundh, the founder and chief executive officer of The Props.

The Props has dealt with A-list customers, mostly expats, in offering quality condominiums, serviced apartments, and houses for rental/sales.

She added that medical services, including dental care, in Thailand were very good and affordable. Thai food was great, and it was usually easy to find nannies and house maids here," she continued.

Located at the luxurious Emporium Tower, her firm has dealt with A-list customers, mostly expats, in offering quality condominiums, serviced apartments, and houses for rental/sales.

Speaking from her more than 15 years of experiences in the industry, Natchaanundh says the Covid-19 crisis offers good investment opportunities for those who have cash in hand.

“The prices of property have come down. So, this is a good time to explore available choices and invest,” she pointed out.

According to her, some property projects have already made interesting offers. For example, if buyers make a deposit, they will receive interest on the payment made.

“If investors prefer to wait for the situation to improve, property prices will be going up,” Natchaanundh said. She pointed out that condo prices in Bangkok have been rising. Over a decade ago, a condo unit located on the Sukhumvit Road in the suburban zone, was priced at between Bt40,000 and Bt50,000 per square metre. But today, a square metre in the same zone could fetch over Bt100,000.

The Props has a total solution to property investors, as it specialises in finding a tenant, preparing contracts, and concluding transactions. Importantly, the firm has complete understanding of Thai property laws and related procedures.

Natchaanundh said: “Chinese investors are interested in buying a hotel or a whole floor of condominiums. And we are catering to their needs”.

“Even if our buyers are foreigners who can’t fly to Thailand to seal the deal, they can appoint The Props as their representative and we will handle everything for them,” the female executive said.

Natchaanundh said her team was highly professional and fluent in English. Therefore, customers could get complete information, there would be no language barrier.

“We also have insightful information to share because we have had extensive experience,” she said.

She said investors could make a profit by simply making a down payment on a property, then re-sell it, if the unit is situated in a good location.

Investors could make a profit by simply making a down payment on a property at a good location, then resell it, she said

“And, if you buy a property for investment purposes, you should place an announcement for both rent and sale. This way, you can get rental fees while looking for a buyer,” she said.

Being an expert in the field, Natchaanundh has offered advice to not only her customers but also via training to real-estate agents and property owners. “We have already conducted two training courses and there will be more because we want to upgrade the Thai property sector,” she quipped, “If you are interested, you can follow updates on our social-media page”.

When asked how to deal with the Covid-19 impacts, Natchaanundh said her firm has been looking for new opportunities and new target groups. “While Singaporeans, Europeans and Hong Kong residents are not investing in Thai property at this time, we still have customers from China,” she said, “Chinese investors are interested in buying a hotel or a whole floor of condominiums. And we are catering to their needs”.

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