All-clear sounded for foreign buyers | Bangkok Post: property

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All-clear sounded for foreign buyers

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With the return of political stability, foreign property buyers have resumed their shopping spree for Bangkok condominiums, as evidenced by the 480-million-baht penthouse unit recently acquired by a retired Indian property investor based in Dubai. 

An artist’s rendition shows penthouses at The Ritz-Carlton Residences in the 77-storey MahaNakhon, a luxury mixed-use skyscraper, with an average price of 280,000 baht a square metre.

"This year will be good for the high-end residential market, as foreign buyers' confidence is growing stronger," said Sorapoj Techakraisri, chief executive of the luxury property developer Pace Development Corporation Plc.

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