Bangkok moving quickly to top of luxury table
With low prices compared to the rest of the region, and a lack of available land, the conditions are right for the city to attract foreign property investors like never before
- Published: 28 Oct 2012 at 00.00
- Newspaper section: Spectrum
Bangkok is now challenging Singapore and Hong Kong as one of Asia's top luxury property investment destinations. Properties at the top end of the market have performed consistently well in recent years with a range of impressive, exclusive projects setting new benchmarks for quality, service and price per square metre.
Thailand remains a very positive long-term investment option as the source markets for buyers seem to be expanding continually, giving investors plenty of scope for yields and capital returns. The global hospitality chains Waldorf Astoria, Ritz Carlton and St Regis have opened enclaves that offer luxury through five-star service.
Prime property in Bangkok will see limited growth for lack of suitable land at reasonable prices, increasing the likelihood of higher prices for well-planned and unique projects. However, Bangkok property prices are still highly attractive compared to Hong Kong, Singapore, Shanghai, Jakarta, Kuala Lumpur and other major cities in the region. Among them, Bangkok is a favourite lifestyle choice.
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