EXCLUSIVE: Interest in the first Thailand property development
to be exhibited in Singapore following the escalation of the ongoing
political tension in the kingdom was described as “encouraging” by the
real estate agency marketing the project.
Doris Tan, Head of International Residential Project Sales for Jones Lang LaSalle Singapore, told PropertyGuru
she was pleased with the interest in The Bay, Koh Samui, which was
showcased to Singapore property buyers and investors last weekend.
She
said: “[The level of interest] was quite encouraging for an emerging
market.” She expects the Singapore property exhibition to result in a
number of sales.
The Bay, Koh Samui (pictured), a small, luxury development of just 34 units on the island in the Gulf of Thailand.
Thailand property investors
in this project can benefit from guaranteed net returns of between 4-4.5 percent for
three years. A variable return option will also be explained to
interested individuals by KC Group, the developer.
Located on a quiet hillside at the top of a private, secured road on Koh Samui,
‘The Bay’ is made up of three blocks of condominiums with both sea and
island views. All units are fully-furnished and are available for
occupancy end of March 2014.
The development in Bophut is
five minutes from Koh Samui’s international airport and seven minutes
from the main bustling tourist area of Chaweng.
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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