Coming soon: $10 million for a flat in Bangkok?

Coming soon: $10 million for a flat in Bangkok? - FinanceAsia, September 14, 2007
...The rumour mill in Bangkok is in full swing. Benjaporn Chatkaew, director of sales and marketing at rival high-rise Le Raffine, says, “I understand prices start at Bt200,000 there, but go up as high as Bt400,000 ($12,000)". Le Raffine is a recently completed development into which Hong Kong’s hedgies are known to have bought million dollar palatial duplexes. Prices in top condo developments in Bangkok cap out at about Bt150,000 per square metre at present, so the Sukhothai will set a new upper benchmark.
“$12,000 per square metre is outrageous, this is what you get in a very well located district in Paris, and even in the Champs Elysees,” says Parisian Richard Bigg of Star Research in Bangkok. “Which one would you chose if you had the money? Residing in Paris or in noisy Bangkok near the dump?”...
This entry was posted in Property and Development. Bookmark the permalink.

Leave a Reply

Your email address will not be published.