What investors typically look in an overseas property investment opportunity are the political and economic stability of the country, the country’s geographical position, the provision of infrastructure, the rigidity and scope of foreign investment regulations and the potential for growth.
Photo: The Surawong (Photo credit: Chewathai)
In South East Asia, Bangkok ticks many of the boxes for foreign investors, in spite of their recent military rule. Many multi-national companies (MNCs) have set up shop there, and the transportation and industry infrastructure is considerably established. Connectivity is high and industrial and office spaces are sufficient.
While many parts of Thailand’s capital city remain yet underdeveloped, the potential for growth in the long-term could be immense. They have attracted a great deal of investment from Japan and China over the years, and regional investors have also followed suit. Properties along the well-known Silom road have been appraised at 1 million baht per 4-sq-m and land prices in Bangkok have rose 15.8 per cent over the last 4 years.
Though prices are now higher than 5 years ago, there is still space for growth and there are many new condominiums and office blocks springing up all over the city. Near the Sala Daeng BTS station, a 52-unit apartment project, The Surawong, is set to draw in investors with their prime location and competitive pricing. Developed by Chewathai Hup Soon Ltd, which is a joint-venture between residential property developer Chewathai and United Motor Works Siam Co Ltd, a subsidiary of Singapore-based real estate giant Hup Soon Global Corporation Plc, it was launched in 2009 and completed in 2010.
In Pathumwan, the CEO Suite Thailand Plaza Athenee is offering up prime office spots for rent, with flexible lease periods to suit all needs, from small and medium-scale enterprises to MNCs. Considered a Grade A+ building, Plaza Athenee is conveniently located just a few minutes’ ride away from the Bangkok International Airport and the CEO Suite is located on the 23rd floor where views of Bangkok’s skyline fill the windows.