More developers look overseas

More Thailand luxury residential property developers are taking to the road to showcase their offerings at overseas property exhibitions, with the aim hoping to cash in on strong demand from foreign markets.

Most are focusing on Asian markets such as Singapore, Hong Kong, Taiwan and China, where there is strong and significant interest in buying luxury homes in Bangkok.

One project, Magnolias Ratchadamri Boulevard, enjoyed what is described as an “incredible showing” at an event in Hong Kong recently, with “excellent overall sales performance”.

Indeed, the Asian property exhibition has proven to be an exceptional outlet for many Thai developers looking to boost sales to regional buyers at a time when local buyers and playing a wait-and-see game due to the lackluster economy at home.

Thanawan Chaiwatana, Managing Director of Magnolias Finest Corporation, said: “I’m pleased to say that Magnolias has consistently led the market with this approach, which continues to be successful for us and our customers.

“We are delighted with the high levels of buyer enthusiasm that Magnolias has enjoyed from overseas markets. The development has attracted buyers from across the ASEAN region, including at luxury property investor events in Singapore, Malaysia and Hong Kong.:

He added that his company is planning to headline further overseas roadshows as strong opportunities present themselves.