Investment outlook for condominium properties in Thailand remains strong despite current ongoing political discussions in the Thai government says Sathorn Gardens developer Pacific Star.

In Thailand, growth is more focused on residential condominiums due to the increasing demand from local buyers and more luxury properties rising within Bangkok. Local Thais now prefer residential condominiums over stand alone housing projects with 6,214 new units sold at the close of 2007. Investors are eager to pay more than the usual price to reserve the finest Bangkok city properties.

Bangkok’s central business district has been the concentration of high-end, luxurious and unique developments. With more developments rising, Local Thais and expatriates are predicting that 2008 is possibly the best time to secure these properties if you are considering investment options.

Sathorn Gardens, a premier residential condominium project at the heart of the business district of Thailand scheduled to open early August, 2008 is generating its share of interest and buyers.

Mr. Urasate Navanugraha, Assistant Vice-President for Asset Development, said “Sathorn Gardens recently concluded sales of 100 units for the first phase and more than 20% of the further 95 units in the second phase are already closed. Our forecast is to sell out all units in Phase II by September of this year.”

The property is designed to be a new benchmark for residential lifestyle community in the city and conveniently located along Sathorn road. It features a newly refurbished and enhanced two 41-storey condominium towers with some of the most generous living spaces in Bangkok and wide variety of communal and recreational facilities.

“Sathorn Gardens impresses a unique appeal for investment buyers in Bangkok’s CBD. In this area, property values are expected to increase and even generate a higher price offer once units are ready for move-in. Timing is an important consideration for investment buyers, and Sathorn Gardens is providing a 1 year guaranteed rental returns and up to 90% loan financing and free 1% mortgage registration fee,” Mr. Urasate Navanugraha further added.

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