This article first appeared at Property Report*
Changing sector conditions drive market players’ focus toward residential projects in tandem with reputable hoteliers
Thai residential developers are poised to rope in more hotel branded residences with future projects as the scales of the property market tip toward overseas buyers and domestic demand goes through a period of adjustment.
New players in the residential market are expected to place emphasis on hotel residences due to vigorous foreign buyer sentiment and cooling local demand attendant on new mortgage regulations, according to Marciano Birjmohun, Managing Director at real estate agency DMRD.
“If you look at the overseas buyers, they’re looking for something with a brand, especially hotel-managed brands,” said Birjmohun, one of the judges at this year’s PropertyGuru Thailand Property Awards.
“If these brands come more and more, we can expect better property management, better services — all around they will offer more quality to the market,” he added.