London property investments are challenging Bangkok’s high-end condominium sector.
As we’ve reported in recent months, and predicted at the start of this year, the number of London property investments being touted to Thai buyers in Bangkok is increasing.
To highlight the battle for eyeballs, and investments, there are two significant London property exhibitions happening in Bangkok within the next nine days.
That means at least a dozen London property investments have been showcased in Bangkok since the start of this year.
This weekend, March 24 and March 25, real estate firm Knight Frank will be selling Chelsea Creek (pictured above) in London’s SW6.
Developed by St. George, part of the prolific Berkeley Group, the first U.K. developer to open a permanent office in Bangkok, prices at the project will start from the equivalent of just over THB 39.2 million.
The following weekend, March 31 and April 1, real estate agency JLL will be exhibiting another London property development from Berkeley Group, Prince of Wales Drive in Battersea. Prices here start from THB 33 million.
Last weekend, JLL was also responsible for exhibiting West End Gate in the Paddington area of London, where prices for a one-bedroom unit started at THB 39.9 million.
The fact is that high-end property investors now have the ability to deal directly with a prominent London developer without even leaving Bangkok. It really is a battle in Bangkok.
Data published in recent weeks showed that prices at the top end of Bangkok’s property market could be plateauing, or at least not growing as much as in previous years. This may be one reason why.
And when there are compelling options to invest in overseas property right here in Bangkok, you can understand why some Thai property investors might opt for the United Kingdom in preference to buying in Bangkok.