EXCLUSIVE: The political chaos that has rocked Bangkok has turned out to be a benefit for places like Krabi in southern Thailand.
The
Centara Pelican Bay Residence and Suites, which showcased its
investment to potential buyers and investors in Singapore last weekend,
has yet to see any decline in interest as a result of the ongoing
troubles in the Thai capital that last week saw former Prime Minister
Yinkluck Shinawatra ousted from office.
Speaking exclusively to PropertyGuru Khun Ohh Ngamsappasilp (pictured), Executive Director for the freehold
development, said she was very excited by the impending August
completion of the first phase of what will eventually be Krabi’s largest
multi-use development.
She said: “Foreigners have been avoiding
Bangkok which is good news for us in Krabi.” She added that around 60
percent of sales to date have come from overseas buyers, especially from
Singapore, Hong Kong and Scandinavia.
When completed in 2017 the
resort, backed by trusted hotel brand Centara, will feature 29 luxury
villas, a 250-key hotel and 94 hotel-serviced condominiums.
“Singaporean
buyers are focusing on their purchase for investment,” said Khun Ohh,
“while Thai buyers – attracted in no small part by the Centara brand –
are also looking at using their investment for lifestyle purposes.”
The development, which was attracting strong interest at last weekend’s PropertyGuru
International Investment Show in Singapore, offers 6 percent guaranteed
returns for three years, with prices ranging from $290,000 –
equivalent to around S$340 per sq ft.
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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If you have a property story you want us to publish email: andrew@propertyguru.com.sg