Highlights of the recent Bangkok Property Show included discussions on the One Belt, One Road initiative as well as foreign ownership policies, property leasing and taxation in Thailand.
By Mindy Chong
Held on 28 and 29 October at The St. Regis Singapore, PropertyGuru’s Bangkok Property Show attracted more than 350 potential real estate investors. Organised in partnership with Thai developer Noble Development, the show’s highlights included seminars on the One Belt, One Road (OBOR) initiative, foreign ownership policies, property leasing and taxation. A new residential project in Bangkok was also exhibited.
With Thailand being voted as one of the most affordable global cities and strong sales reported in the high-end condominium market, homes and office spaces there remain attractive for many investors. Factors include relatively low prices, reasonably high rental yields and often less than complicated purchasing conditions, according to CBRE Thailand.
The event began with a presentation on the OBOR initiative from Lena Ng, chief investment officer at Amata Corporation. “The Chinese government is taking the lead in ensuring the success of infrastructure development for ASEAN countries under the OBOR initiative. Due to the initiative, investors from abroad can look forward to more opportunities in ASEAN countries,” she said.
Ng added that Thailand happens to be in the middle of Asia and thus far, the Thai government has been progressive in terms of looking for opportunities to develop the country. For more information, please click here.
“Kudos to PropertyGuru for attracting a large-scale audience who are not only keen to tap into investment opportunities in Thailand, but have been very responsive to the seminar discussions held during the event itself,” she said.
Sigrid G. Zialcita, managing director, head of research and advisory services at Cushman & Wakefield, talked about how the OBOR initiative will strengthen ties between China and Thailand, and its effects on Thailand’s property market.
“There are a lot of on-going exciting initiatives and one of them is OBOR. Thailand is one of the beneficiaries alongside other ASEAN nations.
“PropertyGuru’s Bangkok Property Show has been very effective in helping investors to further understand (the market) by providing updates on current developments,” she said.
Meanwhile, Archaree Suppakrucha, senior associate at ZICO Law Thailand, provided updates on the kingdom’s foreign ownership policies, property leasing and taxation.
The exclusive show showcased the Noble Around Sukhumvit 33 residential project.