{"id":3869,"date":"2019-08-20T10:01:53","date_gmt":"2019-08-20T10:01:53","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3869"},"modified":"2021-06-04T14:36:25","modified_gmt":"2021-06-04T07:36:25","slug":"hong-kong-protest-a-gain-for-bangkok-condos-developer","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-protest-a-gain-for-bangkok-condos-developer\/","title":{"rendered":"Hong Kong protest a gain for Bangkok condos: developer"},"content":{"rendered":"<p>Is instability in the Chinese SAR causing exodus to the Thai capital\u2019s property offerings?<\/p>\n<figure id=\"attachment_3870\" aria-describedby=\"caption-attachment-3870\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3870\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_1465417283.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_1465417283.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_1465417283-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_1465417283-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3870\" class=\"wp-caption-text\">Dancing fountain show at the River Park of ICONSIAM in Bangkok. Evdoha_spb\/Shutterstock<\/figcaption><\/figure>\n<p>An official with a Thai property development giant claims that weeks of demonstrations in Hong Kong have led to an upswing in transactions in Bangkok, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-08-18\/thai-luxury-developer-says-hong-kong-protests-are-good-for-sales\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a> is reporting.<\/p>\n<p>Keerin Chutumstid, an executive at Magnolia Quality Development, says the protests in the Chinese SAR have provided the company&#8217;s 52-storey, riverfront condominium project some &#8220;advantage&#8221;.<\/p>\n<p>Forty percent of the condo units have already sold to buyers from not only Hong Kong, but also mainland China, Taiwan and Singapore. \u201cIf you look at Thailand right now, compared to other countries, we have a good level of political stability,\u201d Keerin told Bloomberg.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/delectable-moments-to-remember-from-the-14th-annual-propertyguru-thailand-property-awards\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Delectable moments to remember from the 14th annual PropertyGuru Thailand Property Awards<\/strong><\/a><\/p>\n<p>The tower, which rises beside the shopping centre Iconsiam on the banks of the Chao Phraya River, has 146 units on offer with prices ranging between THB65 million (USD2.1 million) and THB533 million.<\/p>\n<p>\u201cCompared to Hong Kong, we\u2019re still much cheaper,\u2019\u2019 Keerin said. \u201cForeigners come here and they can see that what we have to offer is nothing less than what you\u2019d find in New York, Hong Kong or Singapore.\u201d<\/p>\n<p>Residential properties in Thailand attracted more Chinese buying inquiries than any other country in the first half of 2019, surpassing the likes of Japan, Australia, Canada, and the US, in that order, data by Shanghai-based property portal Juwai.com showed. Thailand also ranked first for Chinese buying inquiries in 2018, up from third in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is instability in the Chinese SAR causing exodus to the Thai capital\u2019s property offerings?<\/p>\n","protected":false},"author":8,"featured_media":20233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[134,136,172,133],"class_list":["post-3869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bangkok","tag-hk","tag-macau","tag-thailand","news_country-hk-macau","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hong Kong protest a gain for Bangkok condos: developer | Asia Property 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