"Kowell Banker" - An American Real Estate Broker Expands into Thailand, Predicts Bright Future for Thai Real Estate Market with a 50% Annual Sales Growth Target
The century-old real estate agency "Kowell Banker" from the United States is expanding its branches in Thailand. CEO Adam Towalder aims for a 50% annual sales growth from last year's sales of over 6 billion baht, with plans to expand to 30 branches in the next 3 to 5 years.
Mr. Adam Towalder, CEO of Kowell Banker Thailand Co., Ltd., revealed that the company operates as a real estate broker, a branch of "Kowell Banker," which is the oldest real estate brand in the U.S. with the most franchises in the real estate business. Kowell Banker is known for its innovation and leadership, boasting over 3,000 branches in 50 countries.
In 2015, Kowell Banker expanded into Thailand, focusing on providing comprehensive high-end real estate services. The headquarters is located in Sathorn, the heart of Bangkok's business district. The Kowell Banker brand is committed to delivering excellent real estate services with professionalism in buying, selling, renting, and marketing luxury residences, investment management, and real estate franchise business, adhering to ethics and sincerity towards all clients.
Furthermore, the company will adapt know-how from the U.S. to suit the local market, believing that in today's highly competitive market, quality will be a key indicator of the company's future. Over the past two years, they have established a robust operational system to handle incoming projects effectively and efficiently.
“Although the overall real estate market in Thailand is slowing down, the luxury market remains interesting with high growth potential. We have prepared a long-term plan for the next 25 years and believe that the real estate market will grow in a positive direction,” Mr. Adam stated.
In Thailand, there are five teams providing comprehensive real estate services to clients, managing five branches overseeing ten projects in prime business areas surrounded by amenities. Each project comes from leading real estate developers in Thailand. In 2016, Kowell Banker (Thailand) aims to generate sales exceeding 6 billion baht, with a target of 50% annual sales growth compared to the previous year, alongside plans to expand its franchise branches in Thailand to 30 within the next 3 to 5 years. Each branch will be located in key tourist and business areas. Additionally, Kowell Banker (Thailand) will strive to increase its market share and sales team for residential project transactions while expanding sales opportunities in both domestic and international markets, aiming to become a market leader in asset service provision.
It is noteworthy that "Kowell Banker" is the oldest and largest franchise brand in the real estate business and also serves as a starting point for startups in the real estate sector. Kowell Banker was founded in 1906 by two young investors, Colbert Kowell and Benjamin Banker, revolutionizing the way homes and residences are bought and sold across the United States, enhancing efficiency, reliability, and customer satisfaction. Over the past 100 years, Kowell Banker has remained a trusted real estate brand worldwide, known for its innovation and leadership with over 3,000 branches in 50 countries.
In 2015, Kowell Banker expanded into Thailand, managed by a team of real estate experts, both Thai and foreign, from various renowned real estate companies and agencies worldwide. Kowell Banker Thailand focuses on providing comprehensive high-end real estate services, with its headquarters located in Sathorn, the heart of Bangkok's business district. The Kowell Banker brand is dedicated to delivering excellent real estate services with professionalism in buying, selling, renting, and marketing luxury residences, investment management, and real estate franchise business, adhering to ethics and sincerity towards all clients.