{"id":23365,"date":"2016-08-19T16:04:46","date_gmt":"2016-08-19T09:04:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-luxury-developers-seek-outside-investments\/"},"modified":"2016-08-19T16:09:44","modified_gmt":"2016-08-19T09:09:44","slug":"thailands-luxury-developers-seek-outside-investments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-luxury-developers-seek-outside-investments\/","title":{"rendered":"Thailand\u2019s luxury developers seek outside investments"},"content":{"rendered":"


\nThai developers are hitting the road to showcase luxury condo developments
\nBangkok\u2019s skyline with the structurally impressive MahaNakhon Tower. Image credit: MJ Prototype\/Shutterstock
\nFaced with a flagging market, Thai luxury condo developers are striking out abroad to showcase their projects.
\nLeading the charge is Pace Development Corp, the mastermind behind the 77-storey MahaNakhon Tower also known as Thailand\u2019s tallest building. The property developer\u2019s chief executive officer, Sorapoj Techakraisri, told The Nation that it will head to Hong Kong in September for a roadshow that will promote the Ritz-Carlton Residences at MahaNakhon.
\nTechakraisri has resolved to sell out the remaining 30 percent of units at the Ritz-Carlton Residences, after \u201cwitnessing demand\u201d from foreign buyers, including investors from Asia, Europe and the Middle East.
\nPace has a sales backlog of THB14.5 billion (USD418 million).
\nMore: Bangkok\u2019s most expensive penthouses break real estate record
\nNot to be outdone, Sansiri will also hit Hong Kong, Singapore and Japan in the final months of the year with a sales target of THB42 billion (USD1.2 billion).
\nThis pivot to neighbouring countries comes amid a slowdown in the Bangkok residential market. Sales in the city and suburban areas decreased by 4.5 percent to THB171.22 billion (USD4.9 billion) in the first half of the year, according to property firm Pruksa Real Estate.
\nDevelopers can still pin their hopes on a strong finish this year. According to Pruksa Real Estate, the property market in Bangkok and its suburbs may yet grow by 8 percent this year to THB383.18 billion (USD11 billion), compared with THB354.79 billion (USD10.2 billion) last year.
\nEven the strengthening baht has not gotten developers worried. \u201cIt did not impact on demand to buy luxury condominiums in Thailand because most foreign investors were confident that Thai property prices were still lower than those in other countries in Asia,\u201d Pace Development chief financial officer Natha Kittiaksorn explained.
\nRead next: Luxury condo demand in Bangkok in tip-top shape
\n
\nSource : property-report.com
\nRead more…Thailand\u2019s luxury developers seek outside investments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Thai developers are hitting the road to showcase luxury condo developments Bangkok\u2019s skyline with the...<\/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-23365","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\/p75ss1-64R","jetpack-related-posts":[{"id":19570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finishing-touches-on-bangkoks-tallest-superluxury-tower\/","url_meta":{"origin":23365,"position":0},"title":"Finishing touches on Bangkok\u2019s tallest superluxury tower","date":"July 13, 2016","format":false,"excerpt":"\r Residents are expected to move in this Q3 2016 Image credit: MahaNakhon on Facebook The finishing touches are being put in place at the 77-story MahaNakhon tower, Bangkok\u2019s tallest building, and the first residents will start moving in throughout September. In addition to the 209 Ritz-Carlton Residences, the development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24709,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mahanakhon-accused-of-breaching-thai-law\/","url_meta":{"origin":23365,"position":1},"title":"MahaNakhon accused of breaching Thai law","date":"September 2, 2016","format":false,"excerpt":"\r Bangkok\u2019s tallest tower is at the centre of a row over Thai labor laws At 314 metres, MahaNakorn is Thailand\u2019s tallest building. weerasak saeku\/Shutterstock_ Following the success of Monday evenings lights show, Thailand\u2019s tallest building, MahaNakhon is facing conflict over claims it breached Thai labour laws. The complaint regards\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/last-nights-majestic-mahanakhon-light-show-was-a-hit\/","url_meta":{"origin":23365,"position":2},"title":"Last night\u2019s majestic MahaNakhon light show was a hit","date":"August 30, 2016","format":false,"excerpt":"\r Monday\u2019s event celebrating the MahaNakorn\u2019s completion went off with a bang Image credit: MahaNakon on Facebook Last night, all eyes were on the MahaNakhon skyscraper in Bangkok for \u2018MahaNakhon Bangkok Rising: The Night of Lights.\u2019 Property Report was lucky enough to be invited to witness the event from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkoks-mahanakhon-tower-recieves-huge-cash-injection-from-the-us\/","url_meta":{"origin":23365,"position":3},"title":"Bangkok\u2019s MahaNakhon Tower recieves huge cash injection from the US","date":"January 16, 2017","format":false,"excerpt":"\r A milestone for Thai real estate MahaNakhon is Thailand\u2019s tallest tower. Image: JADEZMITH \/ Shutterstock Pace Development entered into an agreement with alternative investment management firm Apollo Global Management for a stake in MahaNakhon. The US-based company will invest approximately THB 8.4 billion (USD 235 million) in Thailand\u2019s tallest\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":23365,"position":4},"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":[]},{"id":13352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-places-that-prove-sathorn-has-transformed-from-cbd-to-cosmopolitan-hub\/","url_meta":{"origin":23365,"position":5},"title":"6 places that prove Sathorn has transformed from CBD to cosmopolitan hub","date":"May 17, 2016","format":false,"excerpt":"\r Once a soulless sea of glass and steel, this well-located corner of central Bangkok now offers culture, fine dining and classy drinking spots Stretching from Lumpini Park south to the Chao Phraya River, Sathorn has long been regarded as one of Bangkok\u2019s most prestigious addresses. Many embassies are headquartered\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\/23365"}],"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=23365"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23365\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}