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July 19, 2024
PI Global Investments
Real Estate

Bangkok Post – Thailand”s Premier Developer, Ananda, Ventures into Taiwan”s Real Estate Market

Ananda Development PCL, one of Thailand’s top ten real estate developers, is thrilled to announce its inaugural showcase in Taiwan. This significant event marks the company’s first foray into the Taiwanese market, underscoring Ananda’s strategic vision for international growth.

Ananda, in collaboration with top real estate firms; THRONE Property International Real Estate, Taiwan’s Shuoseng International Real Estate and one of the Thailand’s largest commercial banks, Bangkok Bank Taiwan, jointly launch event at the Mandarin Oriental Hotel in Taipei on June 7, 2024. This event introduces ANANDA’s flagship luxury residence “COCO PARC”, strategically located in Bangkok’s new golden CBD near RAMA 4 MRT. The collaboration also showcases other premium residential projects under Ananda’s luxurious Ashton, Culture and high-end IDEO and IDEO MOBI product lines, with significant value appreciation potential.

To provide Taiwanese investors with insights into Bangkok real estate, ANANDA and Throne Property International Real Estate are hosting the “Sawasdee! Explore Bangkok Real Estate Expo” from June 15-29, 2024, at the W Hotel Taipei, and on June 29, 2024, at the Kaohsiung Marriott Hotel.

Maneerat Thanutsethi, Ananda’s Managing Director, emphasised Ananda’s international strategic plan the unique opportunities in the Taiwanese market, noting the increasing preference of Taiwanese investors for Thai real estate. “The decision to enter the Taiwanese market is a pivotal part of Ananda’s 2024 expansion plan. Taiwan’s dynamic real estate landscape presents significant opportunities, and Ananda is well-prepared to meet the growing demand from Taiwanese investors for high-quality residential properties.

Lalisorn Dhanincharuthphol, Senior Vice President, Head of Business Unit International Sales and Strategic International Partnership added “Last year, Ananda’s sales in Taiwan topped its international market rankings, reflecting the strong interest from Taiwanese buyers. Ananda’s entry into the Taiwanese market is a testament to its strategic vision and commitment to international expansion. Ananda is poised to meet Taiwan’s demand by offering high-quality residential projects that cater to diverse market needs. All projects presented are valuable for investors both for a second home and for investment. Taiwan will continue to be Ananda’s major foreign market and we commit to develop more quality projects with great value for Taiwanese investors,”

Thailand’s real estate market is robust, with a mature investment environment that has attracted a surge of foreign buyers post-pandemic. In 2023, foreigners purchased 14,449 units totalling 73.2 billion baht, marking a significant 25% growth compared to 2022, according to REIC. Additionally, the 2024 PwC Asia Pacific Real Estate Trends Survey highlights Bangkok’s rising popularity among investors, positioning Thailand as a preferred investment destination.

Tank Chen, Founder of Throne Property International Real Estate said “Recent years have witnessed a surge in demand for luxury residences in Bangkok’s prime areas, notably attracting Taiwanese buyers. Thailand has experienced significant infrastructure improvements and rapid economic development in recent years, driving a surge in real estate demand.”

“Key attractions of Thai real estate for Taiwanese investors include legal ownership rights equivalent to those of Thai nationals, relatively affordable property prices, and the exclusion of common areas from property costs, allowing residents to enjoy luxurious amenities akin to five-star hotels for free. Additionally, the cost of living in Thailand is low, and Bangkok boasts a comprehensive transportation network, along with malls, educational institutions, and medical facilities, making it a highly liveable city. Properties in Thailand come fully decorated, facilitating easy move-in with just a suitcase, whether for personal use or investment. Furthermore, Thai property prices have shown stable appreciation, with rental yields higher than those in Taiwan. This growing interest from Taiwanese investors is not only driven by investment opportunities but also by the appeal of Thailand’s luxurious retirement lifestyle,” said Chen.

Chokechai Puapattanakajorn, SVP General Manager, Bangkok Bank, Taiwan, said “I am thrilled to announce our partnership in delivering comprehensive financial services. Through Bangkok Bank’s extensive offerings, we are committed to advancing and developing Thailand’s real estate industry together. We are confident that this collaboration will strengthen the Thai real estate industry by introducing Thai real estate projects to Taiwanese and international markets. Bangkok Bank is dedicated to being a key driver in supporting our business partners’ real estate transactions, ensuring their success and sustainable growth. We believe this partnership will open new opportunities and further strengthen the relationship between both countries.

Ananda Development PCL, founded in 1999, is a top-tier real estate developer in Thailand, boasting over 35 projects in Bangkok valued at over 100 billion baht. Specialising in high-quality residential developments, Ananda’s projects are strategically located with excellent transportation links and lifestyle amenities, ensuring convenient living environments. Collaborations with industry giants like Mitsui Fudosan and Ascott Limited further solidify Ananda’s leadership in the sector, setting benchmarks for value retention and rental standards.

Among Ananda’s extensive residential product lines, COCO PARC, Ashton, and Culture are part of the luxury series, while IDEO and IDEO MOBI belongs to the mid-to-high-end series. These products ensure quality and service while maintaining relatively affordable prices, making them high-value choices in their class. Ananda’s projects are thus considered irreplaceable in the market.

The flagship project showcasing in Taiwan, “COCO PARC,” epitomises luxury in Bangkok’s central business district. Located on Rama 4 Road, it’s a vital hub intersecting Bangkok’s major roads and serves as the city’s only MRT Blue Line interchange, offering access to 14 transfer stations. This architectural marvel, completed under the build-then-sell model, comprises 37-story tower housing 444 units of various sizes, catering to diverse preference.

With prices significantly lower than Taipei’s Xinyi District, COCO PARC offers an exceptional investment opportunity. Crafted by global leaders like Architects49 and DWP, COCO PARC boasts world-class design and management. The prestigious Dusit Thani hotel group ensures top-notch property services, enhancing residents’ living experience. Strategically positioned in Bangkok’s prime Rama 4 area, COCO PARC offers unparalleled connectivity. Adjacent to the Khlong Toei station on the MRT Blue Line, it provides direct access to key CBDs like Silom-Sathorn, Asoke, and Rama 9. With proximity to commercial hubs, parks, and scenic views, COCO PARC represents cosmopolitan living at its finest, attracting investors worldwide, including a significant Taiwanese contingent.

Other projects showcasing in Taiwan include IDEO SUKHUMVIT Rama4, IDEO MOBI Eastpoint, IDEO Rama9 Town Villa, IDEO Ramkamhaeng Lamsali, IDEO Mobi Rangnam, Ashton Silom, and Ashton Asoke-Rama9.

To help Taiwanese understand Bangkok real estate, education, and immigration visa information, ANANDA and Throne property International Real Estate are hosting the “Sawasdee! Explore Bangkok Real Estate Expo” on June 15 (Saturday) from 09:30-17:00 at the W Hotel Taipei, 8th Floor, and on June 29 (Saturday) from 09:30-17:00 at the Kaohsiung Marriott Hotel, 8th Floor, Wanxiang C Hall. The expo will feature four themed areas: Bangkok Real Estate, Education Consultation, Immigration Visa Services, and Thai Cuisine Interaction. Famous artists such as Wang Sijia and Gao Shanfeng will share their investment secrets in Thai real estate. Attendees will also have the chance to win round-trip tickets to Bangkok. Join us this June to explore the charm of the Land of Smiles and experience the allure of Bangkok.

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