Bangkok's condo market succeeds through recession due to big high-end brand names in housing supplying luxury on a guarantee plus some of the best real estate available for anyone interested in taking the investment opportunity.
The Bangkok condo market continued to grow due in large part to high-end and branded condos targeting expats and foreign investors, according to a Knight Frank report.
Frank Khan, head of residential department director Knight Frank Chartered, said in addition to their prime locations, the high standard of service provided by the international hotel brands ensure the exclusivity that these developments demand.
Two global hospitality chains have recently opened in Bangkok. The Ritz Carlton and St. Regis have created a high demand among investors, the report added.
Although there will be very limited new developments in this market owing to a lack of prime sites in the central business district area, there will be the possibility of three new luxury projects that may enter the market, Khan said.
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