Singapore capital group Trillion Global Pte. Ltd. invests over 1.6 billion baht in Singha Estate Condominium Projects, signaling high confidence in Thailand’s property industry
In one of the latest developments that underlines foreign investors’ great confidence in Thailand’s property industry, Singapore company Trillion Global has invested more than 1.6 billion baht in 2 of Singha Estate PCL’s condominium projects: The ESSE Asoke and The ESSE at SINGHA COMPLEX.
Singapore’s leading real estate investment company Trillion Global, which has investment portfolios in many countries around the world, primarily in Asia and Europe, has given its stamp of approval to the property market in Thailand with continuing investments worth a combined 1.66 billion baht in condominium projects developed by Singha Estate.
Mr. William Loke, Managing Director of Trillion Global said, “Thailand has the potential to become a regional hub for ASEAN investment while property prices in Thailand are still reasonable and not too high compared with other countries.
We believe investment opportunities in Thailand will yield good returns in the future. Trillion Global started a partnership with Singha Estate with an initial purchase of a large block of units in THE ESSE Asoke condominium project worth over 900 million baht – an investment which received very good responses when our company went on roadshows in Asian countries such as China, Hong Kong, Taiwan, and Singapore”
“We recently decided to invest an additional 760 million baht in Singha Estate’s new development, THE ESSE at SINGHA COMPLEX – a Luxury Condominium project. THE ESSE at SINGHA COMPLEX has also been very well received by foreign investors thanks to its prime location on the Asoke-Petchaburi Intersection, which is popular with foreigners. In addition, the project is part of the SINGHA COMPLEX, a flagship mixed use development by Singha Estate.The only regret is there was not enough units available for our buyers” said William.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns
We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
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