The Nation: Demand for luxury condos strong despite downturn

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The Nation: Demand for luxury condos strong despite downturn

12 September 2014

Although the economy is expected to grow by less than 2 percent this year, demand for luxury condominiums in Bangkok remains strong, according to property agencies CB Richard Ellis (Thailand) and the Agency for Real Estate Affairs. Moreover, location and design are the crucial factors behind the current sales success of developers in the luxury condominium segment.

"The main customer targets for our luxury condominium in Bangkok are both foreign and domestic buyers who need a residence in the central business district that is also designed to be the landmark in the area," Pace Development Corporation Plc. CEO Sorapoj Techakraisri said early this year.