Property News · March 30, 2021

Thai developer turns to Hong Kong, foreign buyers for upscale Bangkok project as Covid-19 crimps demand at home, slams hospitality sector


Dusit International is joining other Thai companies in tapping foreign investors by marketing its first residential project in Hong Kong after the Covid-19 pandemic crimped demand from local buyers and worsened a supply glut.The hotel operator is building a 46 billion baht (US$1.48 billion) mixed-development project in the heart of Bangkok’s central business district, as part of an effort to speed up its income diversification plan, group chief executive officer Suphajee Suthumpun said.The…

Source : South China Morning Post
Read more…Thai developer turns to Hong Kong, foreign buyers for upscale Bangkok project as Covid-19 crimps demand at home, slams hospitality sector

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