{"id":22466,"date":"2016-08-10T11:27:58","date_gmt":"2016-08-10T04:27:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-demand-in-bangkok-in-tip-top-shape\/"},"modified":"2016-08-10T11:31:35","modified_gmt":"2016-08-10T04:31:35","slug":"luxury-condo-demand-in-bangkok-in-tip-top-shape","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-demand-in-bangkok-in-tip-top-shape\/","title":{"rendered":"Luxury condo demand in Bangkok in tip-top shape"},"content":{"rendered":"


\nAn influx of foreign buyers from Hong Kong, Singapore and Taiwan take advantage of higher yields
\nMagnolias Waterfront-Residences at IconSiam
\nOne of Thailand\u2019s most active developers, Magnolia Quality Development Corporation (MQDC), thinks demand for luxury condominiums in Bangkok will remain strong and won\u2019t be hindered by the weak overall property market.
\nPeachpattha Pakakan, MQDC\u2019s assistant vice president for marketing and sales projects, recently told local media that the company is confident luxury projects will continue to be successful.
\nThe developer is pinning its hopes on investors being willing to invest their money in high-end properties in the city with the lure of high demand and strong yields for luxury projects in prime locations. Prices for downtown Bangkok land plots continues to increase and the supply of luxury and superluxury units is limited.
\nMQDC has three luxury projects currently under construction. The mixed-use Magnolias Ratchadamri Boulevard will feature residential units as well as the Waldorf Astoria Bangkok hotel. Peachpattha said that the project should reach 90 percent sales by year\u2019s end.
\nMore: Which destinations are catching the eye of luxury homebuyers?
\nThe much talked about Magnolias Waterfront Residences at IconSiam has already closed sales while the other MQDC project, The Residences at Mandarin Oriental, Bangkok, has crossed the 40 percent sales threshold and the developer will continue to be meticulous in its efforts to find the best buyers.
\nWhile domestic demand has been slow, the real estate market in Thailand has grown thanks in part to an influx of foreign buyers from Hong Kong, Singapore and Taiwan who have interests in the region and are looking to take advantage of higher yields.
\nHowever, JLL Thailand pointed out that most super prime condo units are being bought by Thais looking for a second home that serves their exclusive lifestyle.
\n\u201cWe are observing more interest from foreign buyers in super-prime and prime condominiums in Bangkok,\u201d \u00a0explained Risinee Sarikaputra, research director of Knight Frank Thailand.
\n\u201cTwo years ago, the proportion of foreign buyers was averaging around five to five percent; now we believe the number is around 10 to 15 percent.\u201d
\nThis story originally appeared on DDproperty.com on 1 August 2016.
\n
\nSource : property-report.com
\nRead more…Luxury condo demand in Bangkok in tip-top shape<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An influx of foreign buyers from Hong Kong, Singapore and Taiwan take advantage of higher...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22466","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Qm","jetpack-related-posts":[{"id":39203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxe-bangkok-condos-score-big-in-last-5-years\/","url_meta":{"origin":22466,"position":0},"title":"Luxe Bangkok condos score big in last 5 years","date":"December 29, 2016","format":false,"excerpt":"\r Demand for world-class conveniences rises in Thailand Plus Property conducted a real estate survey in regards to luxury condominiums in Bangkok recently and the results showed that there continues to be strong demand from both Thai and foreign customers for these types of units. The property and facilities management\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44085,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-developers-cant-leave-this-bangkok-neighbourhood-alone\/","url_meta":{"origin":22466,"position":1},"title":"Luxury developers can\u2019t leave this Bangkok neighbourhood alone","date":"February 14, 2017","format":false,"excerpt":"\r It\u2019s been cool for years, but now it\u2019s red hot The Niche Pride, a high-end condo in Thong Lor to be completed in 2017 A new wave of luxury condo projects is coming to Thonglor with property developers expected to launch more than THB 50 billion of new developments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-real-estate-what-you-need-to-know-for-2017\/","url_meta":{"origin":22466,"position":2},"title":"Bangkok real estate: what you need to know for 2017","date":"February 17, 2017","format":false,"excerpt":"\r The city is witnessing rising land prices in prime areas and strong urban demand All that glitters is not gold in the City of Angels\u2026 Image: Travel mania\/Shutterstock By Marciano Birjmohun It\u2019s evident that Bangkok real estate has been dominated by luxury developments in the past three years \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-luxury-developers-seek-outside-investments\/","url_meta":{"origin":22466,"position":3},"title":"Thailand\u2019s luxury developers seek outside investments","date":"August 19, 2016","format":false,"excerpt":"\r Thai developers are hitting the road to showcase luxury condo developments Bangkok\u2019s skyline with the structurally impressive MahaNakhon Tower. Image credit: MJ Prototype\/Shutterstock Faced with a flagging market, Thai luxury condo developers are striking out abroad to showcase their projects. Leading the charge is Pace Development Corp, the mastermind\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-investors-return-to-bangkoks-luxury-residential-market\/","url_meta":{"origin":22466,"position":4},"title":"Foreign investors return to Bangkok\u2019s luxury residential market","date":"May 3, 2016","format":false,"excerpt":"\r Condominium sales in Bangkok have been slower amid an economic slowdown in the country but prices of luxury projects in prime locations continue to rise as demand from cash-rich overseas investors remains high and foreign investors return to the market after a bomb attack\r \r Source : South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condos-soar-to-their-highest-off-plan-prices-yet\/","url_meta":{"origin":22466,"position":5},"title":"Bangkok condos soar to their highest off-plan prices yet","date":"December 22, 2016","format":false,"excerpt":"\r Will the Thai capital sustain this rate of growth next year? The Bangkok skyline with MahaNakhon, Thailand\u2019s tallest tower. george photo cm \/ Shutterstock.com It appears that the Bangkok luxury home market will finish the year with crowning success. Asking prices of off-plan, high-end condominiums in the city\u2019s downtown\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22466"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22466"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}