EXCLUSIVE: Bangkok freehold condominium development The Mark
(pictured) achieved double-digit sales to Singaporean buyers and investors
last weekend in what will likely be its last property showcase in the
city-state.
The project in the Makkasan area of Bangkok
currently has less than 30 units left for sale, and Michael Bok, Group
Director for Singapore real estate agency Trillion, predicted a 100
percent sell out within the next couple of weeks.
He told PropertyGuru: “We have been marketing The Mark in Singapore for about a year, and we will have sold more than 100 units when sales end.”
Trillion recently held an appreciation night for its Singapore and Malaysia buyers of units at The Mark.
Bok
added: “Singaporeans are certainly more educated about Bangkok property
investments, and we’re also seeing a lot more projects from Thailand
being offered for sale in Singapore by other agencies.”
“The Mark has sold well because the potential of the Makkasan area is absolutely huge,” he added.
Bok
also explained that, in his experience, Singaporean property buyers and
investors tend to prefer to buy projects in Thailand that have started
construction, or are at least close to completion.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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