Prachachart Turakij: PACE reveals baht weakness draws foreigners to buy luxury condominiums

20 March 2014

Mr. Sorapoj Techakraisri, CEO of PACE Development Corporation Plc (PACE), said the company has earned over one billion baht in presales of the Ritz-Carlton Residences in the first two months of this year. This is the result of the baht weakening and the change of PACE’s land ownership from leasehold to freehold which attracted both Thai and foreign investors.