EXCLUSIVE: A Phuket developer saw solid interest from Hong Kong buyers and investors after it confirmed its participation in a property exhibition just days before.
Utopia Development, a branch of Melbourne-based development group International Property Advisory Group, partnered with China’s number one overseas real estate website Juwai.com to hold the Hong Kong property exhibition last weekend.
The event took place in a Hong Kong hotel, and saw at least one sale during the course of the weekend.
Speaking exclusively to ThailandProperty.News Carrie Law, the Chief Executive Officer and Director of Juwai.com, said: “We organised the event in just three days, but even so attendance was strong.”
“The feedback from the event was that buyers currently have an investment mindset.”
“They are looking for an annual return and for capital gains, and that is why credible projects that guarantee a rental income or offer to buy back units at a fixed price after a period of time are very popular.”
Law added that buyers and investors feel this sort of arrangements lowers any risk and increases the potential gains.
“The reaction from the consumers who came to the event was very positive and we are following up on a number of very solid leads.
“At least one sale was made directly at the event,” Law concluded.
This underlines recent reports that a significant number of Chinese buyers are willing to make the decision to buy within 24 hours.
The Phuket developer is currently marketing six development on the southern Thailand island with starting prices ranging from THB 1.9 million to THB 8.8 million.
All of its developments are marketed as offering guaranteed returns to its buyers, something that is proving an attractive option to Chinese buyers and investors throughout Thailand.
Note for clarity: Andrew Batt, the Founder and Editor of ThailandProperty.News, is a columnist for Chinese international property website Juwai.com on matters relating to Thailand property and real estate.