{"id":24028,"date":"2016-08-26T12:24:15","date_gmt":"2016-08-26T05:24:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-developers-make-inroads-into-post-brexit-britain\/"},"modified":"2016-08-26T12:29:36","modified_gmt":"2016-08-26T05:29:36","slug":"thai-developers-make-inroads-into-post-brexit-britain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-developers-make-inroads-into-post-brexit-britain\/","title":{"rendered":"Thai developers make inroads into post-Brexit Britain"},"content":{"rendered":"


\nUndersupplied London is a particular draw amid the sterling\u2019s devaluation
\nLondon\u2019s South Kensington district. Thai developer Sansiri has a luxury condo project here. Onnes \/ Shutterstock.com
\nProperty developers in Thailand are jockeying for bargains following the June referendum that will see the UK leave the European Union, reports The Nation.
\nSansiri has renewed its interest in cross-border investments in the UK, the company\u2019s chief operating officer Wanchak Buranasiri revealed to The Nation. Singha Estate, on the other hand, is looking at acquiring three hotels in Britain with 70 rooms each.
\nCiting an anonymous source, The Nation reported that Singha Estate is planning an outlay of THB700 million (USD20 million) for two acquisitions in England and another in Scotland.
\nAs with investors from other Asian countries, Thai developers are monitoring the freefall of the sterling with rapt attention following Britons\u2019 vote to \u201cBrexit.\u201d The depreciation has eased the acquisition of British hotel assets at 10 percent below the market rate, Singha Estate chief executive officer Naris Cheyklin said.
\nThe pound has plunged 14 percent against the baht, as of August 23.
\nMore: Thailand\u2019s luxury developers seek outside investments
\nTwo weeks after the referendum, CBRE Asia Pacific registered an increase in inbound inquiries for property investments in London from Asian high-net-worth individuals and family offices. Henry Chin, head of research for the real estate agency, then told Reuters that Asian buyers still view \u201cLondon as a safe destination for property investments\u201d despite the Leave campaign victory.
\nSpeaking with The Nation, Knight Frank Thailand managing director Phanom Kanjanathiemthao said that post-Brexit Britain allows for greater bargaining power for purchases. His advice, however, is to take a more measured approach to UK investments.
\n\u201cOf course, today\u2019s price trend has not shown a great reduction in prices,\u201d Kanjanathiemthao explains. \u201cThe short-term trend will be much clearer within the next three to six months.\u201d
\nLondon\u2019s residential market is still known for being undersupplied, he noted, a condition that spurred Sansiri to choose the city for its first overseas condo project in 2011.
\nRead next: Phuket Town is easily one of Thailand\u2019s most endearing enclaves
\n
\nSource : property-report.com
\nRead more…Thai developers make inroads into post-Brexit Britain<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Undersupplied London is a particular draw amid the sterling\u2019s devaluation London\u2019s South Kensington district. 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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":669,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-things-to-remember-from-thailands-property-stimulus-proposal\/","url_meta":{"origin":24028,"position":5},"title":"3 things to remember from Thailand\u2019s property stimulus proposal","date":"January 4, 2016","format":false,"excerpt":"\r First-time buyers are the main beneficiaries of the kickstarter\u00a0package In a bid to revive\u00a0Thailand\u2019s waning real estate sector, Finance Minister\u00a0Sommai Phasee\u00a0recently approved a stimulus package aimed for to\u00a0increase the pace of property transfer in the country, the\u00a0Bangkok Post\u00a0recently reported. These measures should be particularly helpful to first-time buyers and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/bangkok-government-property-stimulus-800x410.jpg?fit=800%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24028"}],"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=24028"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24028\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}