CG Capital Advisory Co., Ltd. (<\/strong>CG CAPITAL)<\/strong> is the largest Private Equity fund management company in Thailand's Real Estate and Hospitality sector under the Central Group, led by Mr. Phumi Jirathiwat, Managing Partner, Co-Founder of CG Capital Co., Ltd. The company has announced a significant investment strategy, revealing a proactive vision for the Ultra-Luxury real estate and hospitality market in Thailand. They officially launched the Sales Gallery for the project 'InterContinental Residences Bangkok Asoke', highlighting a total project value of 5.5 billion baht, with two-bedroom units starting at 44.8 million baht each. The project has received a positive response, with over 60% of units booked before the public launch, reflecting confidence in structural investment policies and world-class standards, reaffirming their position as a driver of real estate developed from the perspective of international institutional investors.

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CG Capital's Vision Decodes Global Volatility, Elevating Thailand to a World Destination

Mr. Phumi Jirathiwat, Managing Partner, Co-Founder of CG Capital Co., Ltd. stated that amidst the current global economic context facing various challenges, including a slowing global market, pressures from conflicts, and economic volatility affecting traditional capital markets, CG Capital finds that Thailand's Ultra-Luxury real estate market continues to show significant momentum, countering global trends. This is due to a major shift in the behavior of high-net-worth individuals (HNWI) worldwide, as reported by Henley & Partners, indicating that the number of HNWIs relocating globally has surged from 51,000 in 2013 to 142,000 by 2028, representing a remarkable growth of 178% over 12 years.

“While global markets are slowing, Thailand maintains its status as a World Destination with high readiness and potential across the board, leading to sustained demand from HNWI buyers both domestically and internationally. Their selection process has become more discerning, aligning with statistics from the Board of Investment (BOI), which has approved long-term residence visas (LTR Visa) for over 6,000 Wealthy Global Citizens since 2022. These figures confirm that Thailand is not just a tourist destination but a primary choice for HNWIs looking to relocate for long-term living and investment,” Mr. Phumi added.

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Thailand Defies Global Trends as Wealth Flows into Asia

Despite the ongoing global economic volatility due to conflicts, monetary policy adjustments, and market uncertainties, the trend is clearly moving in a favorable direction for Thailand's high-end real estate market. Data from Henley & Partners shows that the number of HNWIs relocating globally has increased from 51,000 in 2013 to 142,000 in 2028, reflecting a 178% growth over 12 years and indicating a structural change in the behavior of high-net-worth individuals.

Thailand, particularly Bangkok, is positively impacted by this trend. The value of Thailand's Luxury real estate market is projected to reach $3.4 billion in 2024, with an average annual growth rate of 3.4% until 2029, driven by both domestic and international demand.

Setting the Standard in Asia with the Strategy of 'Right Brand, Right Partners, Right Product'

In response to the increasing demand for high-end residences, CG Capital has directed its investment focus towards Branded Residences, the fastest-growing segment. Currently, Thailand holds the highest market share of Branded Residences in Asia at 23.3% of the total market value in the region, which is as high as $26.6 billion, ahead of the Philippines (17.3%) and South Korea (11.6%). Additionally, CBRE Global Branded Residences ranks Thailand 4th in the world in terms of the number of projects, with two cities, Bangkok and Phuket, making it to the Top 10 globally.

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Mr. Phumi Jirathiwat further stated, “The success of the InterContinental Residences Bangkok Asoke project stems from CG Capital's strategy driven by a deep understanding of global trends. We recognize what our clients seek: an exceptional living experience beyond just purchasing a condo. Thus, what makes our project stand out is the Right Brand, Right Partners, Right Product, combined with the best location in Bangkok's Sukhumvit area, offering a complete package of lifestyle, amenities, and a unique value proposition compared to other capital cities worldwide. We do not follow trends; instead, we leverage our expertise to analyze data and develop projects based on confidence in the long-term potential of this country.”

Diving Deep into the DNA of Private Equity Fund Management for Developing World-Class Products

CG Capital's key distinction as the largest Private Equity fund manager in Thailand's Real Estate and Hospitality sector lies in applying investment thinking and expertise across all dimensions, considering asset value in the long term, both in terms of capital appreciation and living experience.

In an era where consumers have more choices, CG Capital prioritizes attention to every detail of development to create a truly World-Class Product. We start with the concept of location as a destination and select brands that are globally recognized, such as InterContinental, along with designing spaces that cater to the lifestyle of modern global citizens, pushing Thailand towards becoming a World-Class Destination.

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The Next Steps for CG Capital and the Official Launch of the Sales Gallery

Looking ahead as a fund manager, Mr. Phumi indicated that CG Capital remains committed to continuously seeking new investment opportunities in the Hospitality Segment to set a new standard for the Thai real estate industry. The success of this project will serve as a crucial springboard to demonstrate the company's sharp asset management capabilities.

“The over 60% booking rate achieved recently is a testament to the confidence in CG Capital's vision. When this Sales Gallery opens for public viewing of the actual showrooms, we are confident it will impress with its exquisite design and drive the project towards achieving its sales goals swiftly, reinforcing CG Capital's position as the leader in Branded Residences in Thailand.”

The InterContinental Residences Bangkok Asoke project is ready to welcome everyone to visit the showrooms at the Sales Gallery starting from July 4-5. Interested parties can make appointments in advance for exclusive services at https://residencesasoke.com/<\/a> or call 092-989-2616.