Thai developer eyes opportunities in Hong Kong
June 10, 2016 - Hong Kong
Thailand-listed Country Group Development is eyeing opportunities in Hong Kong’s property market, following the overwhelming response in the city when its luxury residential development in Bangkok was launched here last year.
“We are looking at a number of opportunities in Hong Kong,” said Country Group chief executive Ben Taechaubol [...]
The market in Hong Kong is very competitive and Country Group has to adopt a sectoral development approach, said Ben Taechaubo, expressing interest in acquiring existing properties as well as land in the city [...]
Last year, Country Group clocked up sales of 1 billion baht when it launched in Hong Kong two road shows for its Four Seasons Private Residences along the Chao Phraya river in Bangkok.
The 355-unit Four Seasons Private Residences is part of the 32 billion baht integrated project Chao Phraya Estate. Apart from the 73-storeyed residential tower, it will includes two low-rise blocks – 312-room Four Seasons Hotel Bangkok and 101-room Capella Hotel Bangkok. The whole project is due to be completed in the fourth quarter of 2018.
Country Group sold 132 units in its two Hong Kong launches last year. Forty percent of the buyers at the project came from overseas, mostly Hong Kong.
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