Singapores Trillion Global gives thumbs up to Thai property market
Singapore’s leading real estate investment company Trillion Global, which has investment portfolios in many countries around the world, has given its stamp of approval to the property market in Thailand.
The company has formed a partnership with Singha Estate and has investments in condominium projects in the country worth Bt1.66 billion.
Trillion Global's managing director William Loke said that Thailand has the potential to become a regional hub for Asean investment while property prices in Thailand are still reasonable and not too high compared with other countries.
"We believe investment opportunities in Thailand will yield good returns in the future. Trillion Global started a partnership with Singha Estate with an initial purchase of a large block of units in THE ESSE Asoke condominium project worth over Bt900 million – an investment which received very good responses when our company went on roadshows in Asian countries such as China, Hong Kong, Taiwan, and Singapore, ” he said.
The company recently decided to invest an additional Bt760 million in Singha Estate’s new development, THE ESSE at SINGHA COMPLEX – a luxury condominium project. THE ESSE at SINGHA COMPLEX has also been very well received by foreign investors thanks to its prime location on the Asoke-Petchaburi Intersection, which is popular with foreigners.
In addition, the project is part of the SINGHA COMPLEX, a flagship mixed use development by Singha Estate.The only regret is there was not enough units available for our buyers, said Loke.
Source: http://www.nationmultimedia.com/news/business/property/30316607
Author: Patrick Lusted