Ritzy condo sales to foreigners rise above political intrigues | Bangkok Post: business

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Ritzy condo sales to foreigners rise above political intrigues

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Foreign buyers are still keen on luxury condominiums despite the simmering political conflict, says Magnolia Finest Corporation, a property firm owned by the Chearavanont family. 

The company expects 2013 sales of 1.5 billion baht at Magnolias Ratchadamri Boulevard, a leasehold luxury condo worth 5 billion baht on Ratchadamri Road, after recording 2 billion baht in sales last year.

Magnolia considers the sales figures normal, since anti-government protests that began this month have produced no violence so far.

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