Luxury condominiums in prime locations in Thailand continue to attract international attention, particularly from Hong Kong investors, as evidenced by the positive response at the recent roadshow.

News Image: (From left) Somruthai Tantivorathavorn, Senior Marketing Manager of Magnolia Quality Development Corporation Limited, and Athitaya Kasemlawan, Director of Residential Sales at CBRE Thailand, during the roadshow held at the Tian & Di Room on the 7th floor of The Landmark Mandarin Oriental Hotel in Hong Kong.

Magnolias Ratchadamri Boulevard recently hosted a roadshow at The Landmark Mandarin Oriental Hotel in Hong Kong to showcase Thailand's super-luxury real estate project, which is one of the key attractions for foreign investors looking to invest in Thailand. Given the soaring property prices in Hong Kong, many foreign investors are seeking opportunities in other countries that offer better long-term returns.

Visith Malaisirirat, CEO of Magnolia Quality Development Corporation Limited (MQDC) commented on the success of the roadshow, stating, "This roadshow was organized to instill confidence among high-end real estate investors in Hong Kong regarding MQDC's Magnolias project and the luxury property market in Thailand. It was an exciting opportunity to showcase potential investment opportunities in luxury real estate markets outside of Hong Kong. The response indicated that penthouse units were particularly popular among Hong Kong buyers, followed by two-bedroom units, further reinforcing our confidence in our project."

Located in the heart of Bangkok's economic district, Magnolias Ratchadamri Boulevard is a 60-story real estate project offering a total of 316 high-end residences, ranging from two-bedroom apartments to spacious penthouses. The project is also home to the world-renowned five-star hotel, Waldorf Astoria Bangkok, the first high-end hotel brand in Southeast Asia under the Hilton Hotels and Resorts umbrella, set to open in August. Owners of luxury units in the project will enjoy additional exclusive benefits when using services or purchasing products from the Waldorf Astoria Bangkok, along with high-end living services and 24-hour VIP services.

"Thailand is an attractive investment destination due to its relative value compared to other markets in the region, as well as easy access to world-famous tourist attractions and leisure destinations, combined with the convenience of urban living filled with shopping malls, connections to the BTS skytrain, and numerous high-end hotels and restaurants. Currently, our customer base is evenly split between Thai and foreign clients, with the majority of foreign clients coming from Hong Kong. The main factor contributing to our satisfactory sales is the project's prime location, which is one of the leading golden locations in Thailand. Additionally, it is a mixed-use project that excellently meets the needs of residents with its comprehensive amenities. For this year, Magnolias Ratchadamri Boulevard remains a project of great interest to Hong Kong clients, who continue to show increasing interest, demonstrating that Magnolias is still a leading luxury mixed-use project in Thailand's main business district, making it a worthwhile investment and an ideal living space," Visith Malaisirirat stated.

Currently, the available units at Magnolias Ratchadamri Boulevard include two-bedroom apartments ranging from 75 to 108 square meters, starting at 20 million baht or 270,000 baht per square meter, and penthouses ranging from 321 to 384 square meters. The project is equipped with high-end services, including a private lobby, a library overlooking a beautifully designed garden, a large swimming pool with a jacuzzi and children's pool, as well as advanced 24-hour security and many other conveniences.

According to the Rating and Valuation Department, residential property prices in Hong Kong have surged by 10.4% YTD (year-to-date) or 15.9% YOY (year-over-year) compared to last year. As of late last year, apartments sized 70-99.9 square meters have increased by 10% to reach 22,311 dollars per square meter, while apartments sized 100-159.9 square meters have risen by 6.7% to 24,428 dollars per square meter.

Aliwassa Pathanjit, Managing Director of CBRE Thailand, the official distributor of the Magnolias Ratchadamri Boulevard project stated, "Magnolias Ratchadamri Boulevard has garnered significant interest in international markets, particularly in Hong Kong, where property prices are exceedingly high. In contrast, the real estate market in Thailand offers excellent relative value, and Magnolias is a popular project and a highly potential investment option for Hong Kong investors due to its prime location surrounded by world-class shopping centers and malls, and proximity to the BTS skytrain. With its excellent location and high construction quality, it presents an attractive value-added package for investors."

Additionally, Rebecca Sham, Executive Director of CBRE Hong Kong added, "Magnolias Ratchadamri Boulevard is a well-designed project that pays attention to every detail, utilizing advanced technology for efficient resource circulation, and is designed to meet LEED (Leadership in Energy and Environmental Design) standards from the United States, which is the world's strictest environmental and energy standard. The project features a ceiling height of 3 meters for a spacious living experience. The building's design resembles a 'magnolia petal' that spirals from the base to the top, allowing for stunning views of Bangkok from every unit, making this project both elegant and graceful, truly a new landmark in Bangkok that is hard to compare with any other."

Thank you for the information from www.magnolias-ratchadamri.com