Developers eye Chinese buyers
- 21 Mar 2017 at 06:00
- WRITER: KANANA KATHARANGSIPORN
Developers carrying a large number of unsold condos are tapping investment-oriented overseas buyers, mainly in China.
Kitisak Jampathippong, chief executive of property consultant Century 21 (Thailand) Co, said there are several developers, particularly listed firms, holding a large condo inventory and seeking new sales channels to drain the units.
"Condo demand in the lower to mid-priced segment from Thai buyers is limited these days, as the property market slows and many buyers are rejected for mortgages," he said.
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